Fri, Dec 18 2009, 5:06 PM
After making a modest recovery following the release of the FOMC statement on Wednesday, mortgage rates are ending the week on a negative note. Rates ...
Thu, Dec 17 2009, 1:58 PM
I advised yesterday that if you are a risk taker that floating could pay off, well it did. At the open we saw better rate sheets and as the day has p...
Wed, Dec 16 2009, 12:37 PM
While it is widely accepted that the Fed will keep the current Fed Funds rate at 0 to .25%, many market participants are hoping for minor changes to t...
Tue, Dec 15 2009, 2:32 PM
Two better than expected economic headlines did not have a positive influence over the bond market. Following the release of PPI data, Treasury yields...
Mon, Dec 14 2009, 11:30 AM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.75% to 5.00% range for well qualified ...
Fri, Dec 11 2009, 6:29 PM
Mortgage rates moved higher today as MBS prices fell following two better than expected economic reports. The move lower in MBS prices forced lenders ...
Thu, Dec 10 2009, 3:14 PM
To lock or float, that is the question.
In previous months, Treasury yields and mortgage rates have risen prior to bond auctions, however following...
Wed, Dec 9 2009, 12:06 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be slightly worse than yesterday. While rate sheet rebate is weaker today, t...
Tue, Dec 8 2009, 10:39 AM
Reports from fellow mortgage professionals indicate improved mortgage rates this morning. The par 30 year conventional mortgage rate has fallen overn...
Mon, Dec 7 2009, 1:02 PM
The four day streak of rising mortgage rates extended into Friday following a much better than expected Non-farm payroll report. After reaching 4.50% ...
Fri, Dec 4 2009, 12:57 PM
Today’s report is great news for our economy....unfortunately great news for the economy is better for stocks than bonds. Following the release at 830...
Thu, Dec 3 2009, 12:03 PM
Tomorrow we get the most important economic report, the Employment Situation. If this data indicates fewer job losses than expected, mortgage rates ...
Wed, Dec 2 2009, 12:27 PM
Reports from fellow mortgage professionals indicate lender rate sheets are worse this morning. The par 30 year conventional rate mortgage has risen t...
Tue, Dec 1 2009, 12:26 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 4.50% to 4.75% range for well qualified ...
Mon, Nov 30 2009, 12:52 PM
Early reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage is holding in the 4.50% to 4.75% range for well q...
Fri, Nov 27 2009, 11:15 AM
The big news this morning comes out of Dubai, which announced they were not going to be able to honor their debt repayment schedule. They are asking ...
Wed, Nov 25 2009, 1:02 PM
Rates rallied yesterday following a strong 5 year note auction. This helped pave the way for higher MBS prices and lower mortgage rates. By day's end ...
Tue, Nov 24 2009, 10:32 AM
Reports from fellow mortgage professionals indicate rate sheets to be marginally improved this morning. The par 30 year conventional rate mortgage ha...
Mon, Nov 23 2009, 10:48 AM
Last week ended basically where it began with prices of mortgage backed securities moving sideways near record highs and mortgage rates holding steady...
Fri, Nov 20 2009, 10:31 AM
While benchmark interest rates continue to chop around in a contained range, mortgage-backed securities have moved sideways, failing to make much prog...
Thu, Nov 19 2009, 12:32 PM
Reports from fellow mortgage professionals indicate that mortgage rates are unchanged from yesterday. The par 30 year conventional rate mortgage rema...
Wed, Nov 18 2009, 1:29 PM
Reports from fellow mortgage professionals indicates that rates are unchanged from yesterday. This keeps the par 30 year conventional rate mortgage ...
Tue, Nov 17 2009, 12:56 PM
Benchmark Treasury prices and mortgage-backed security prices rallied yesterday. AQ described the inner dynamics of the trade strategy that led to rat...
Mon, Nov 16 2009, 10:27 AM
Reports from fellow mortgage professionals indicate mortgage rates are holding steady, near last week's aggressive closing levels. The par 30 year co...
Fri, Nov 13 2009, 1:24 PM
It was a busy day in the rates market yesterday. Although several data releases needed to be digested, the main event was the 30 year bond auction. R...
Thu, Nov 12 2009, 12:45 PM
Early reports from fellow mortgage professionals indicate mortgage rates holding steady. The par 30 year conventional rate mortgage remains in the 4....
Tue, Nov 10 2009, 12:24 PM
Reports from fellow mortgage professionals indicate mortgage rates are marginally improved from yesterday. This keeps the par 30 year conventional ra...
Mon, Nov 9 2009, 12:15 PM
I have been using a well defined trading range to gauge my lock/float recommendations. The idea is to lock at the price highs and float at the price...
Fri, Nov 6 2009, 10:43 AM
While price action has been volatile so far this morning, MBS continue to hold in the middle of the recent trading range. Because the Employment re...
Thu, Nov 5 2009, 1:15 PM
With the all important Employment Situation report due out tomorrow morning at 8:30am, floating remains risky. If the report is better than expected, ...
Wed, Nov 4 2009, 12:09 PM
Mortgage rates ticked higher yesterday as prices of mortgage backed securities were pressured lower by a selloff in the long end of the Treasury yield...
Tue, Nov 3 2009, 12:16 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to yesterday afternoon’s. This keeps the par 30 year conventiona...
Mon, Nov 2 2009, 1:04 PM
Last week ended on positive note for mortgage backed securities and mortgage rates. As stock indexes fell, market participants re-allocated portfolios...
Fri, Oct 30 2009, 11:09 AM
Mortgage rates rose yesterday after a better than expected advance read on third quarter GDP sent benchmark yields higher early in the trading sessio...
Thu, Oct 29 2009, 12:58 PM
Mortgage rates fell a few basis points yesterday as benchmark Treasury yields moved lower in the range. The extended rally in the rates market helped ...
Wed, Oct 28 2009, 11:28 AM
Following the seemingly bottomless rates selloff that occurred on Monday, benchmark Treasury and MBS prices underwent a corrective rally yesterday. Bu...
Tue, Oct 27 2009, 11:14 AM
Mortgage rates were pushed higher yesterday after benchmark Treasury yields moved higher, outside the well defined range that has kept rates relativel...
Mon, Oct 26 2009, 1:00 PM
The well defined range we have used to gauge our lock/float sentiment is being challenged. Since the range proved itself a reliable indicator of deman...
Fri, Oct 23 2009, 11:06 AM
Reports from fellow mortgage professionals indicate lender rate sheets are similar to what we had yesterday morning. The par rate for a conventional ...
Thu, Oct 22 2009, 1:29 PM
After opening the day lower yesterday, MBS managed to rally steadily off the lows before a late day stock sell off added steam to the upward price mom...
Wed, Oct 21 2009, 12:21 PM
Reports from fellow mortgage professionals indicate that lender rate sheets are slightly worse today. The par 30 year conventional fixed mortgage rat...
Tue, Oct 20 2009, 10:56 AM
Prices of mortgage backed securities posted modest gains yesterday in an uneventful trading session. Intraday gains didn’t warrant reprices for the ...
Mon, Oct 19 2009, 12:41 PM
Last week consumers who were floating loans watched mortgage rates rise almost 0.25%. After touching five month lows in the previous week, better tha...
Fri, Oct 16 2009, 2:07 PM
Mortgage rates moved slightly higher yesterday but managed to weather the storm of better than expected economic data and earnings reports. Today, mo...
Thu, Oct 15 2009, 1:29 PM
The theme in the secondary mortgage market this week has been volatility. Prices of mortgage backed securities have moved around a wide range as trade...
Wed, Oct 14 2009, 1:42 PM
Reports from fellow mortgage professionals indicate that mortgage rates have moved higher into the 4.875% to 5.125% range for well qualified consumers...
Tue, Oct 13 2009, 10:52 AM
The bond market was closed yesterday in observance of Columbus Day so mortgage backed securities did not trade. Regardless of that, several lenders is...
Mon, Oct 12 2009, 12:19 PM
The bond market is closed in observance of Columbus Day. While mortgage-backed securities are not being traded today, several lenders have published r...
Fri, Oct 9 2009, 12:00 PM
Following a somewhat disappointing 30 year bond auction yesterday, prices of mortgage backed securities plummeted and mortgage rates moved higher as l...
Thu, Oct 8 2009, 11:06 AM
A steady rally in benchmark Treasury yields yesterday helped prices of mortgage backed securities move to five month highs which allowed lenders to ke...
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