Mon, Aug 30 2010, 3:44 PM
After a better than expected read on 2nd quarter GDP and a not so scary speech from the Federal Reserve Chairman, the 10 year Treasury note yield rose...
Thu, Aug 26 2010, 4:28 PM
Lender rate sheets were slightly worse than yesterday but nothing monumental. The best par 30 year fixed -conventional, FHA and VA- mortgage rate re...
Wed, Aug 25 2010, 6:51 PM
Much like yesterday, mortgage rates rallied early this morning following weak housing data. Much like yesterday, mortgage rates came under pressure in...
Tue, Aug 24 2010, 5:13 PM
The bond market must have seen this coming because interest rates were already in full on rally mode before the data was released. Although the 10 yea...
Fri, Aug 20 2010, 4:34 PM
From 10,000 feet, the story of the week was "Mortgage Rates Rebound from Losing Streak", but when you look closer I think the bigger story was "Mortg...
Thu, Aug 19 2010, 5:51 PM
After reprices, rate sheets are improved vs. offers yesterday. The best execution par interest rate remains in the 4.25% to 4.50% range for well quali...
Wed, Aug 18 2010, 3:08 PM
Spurred on by a dramatic decline in benchmark debt yields, mortgage rates touched new lows last week. Actually I don't know if I should say mortgage...
Tue, Aug 17 2010, 3:44 PM
Following the release of Industrial Production data, stocks extended overnight gains and benchmark interest rates rose. This pressured mortgage backed...
Mon, Aug 16 2010, 4:22 PM
Look for mortgage rates to be indicative of competitiveness in the primary mortgage market. There are several factors that go into the determination o...
Wed, Aug 11 2010, 5:57 PM
While mortgages definitely lagged Treasuries, mortgage rates improved again today. We are now seeing most lenders offer 4.25% on rate sheets and are e...
Mon, Aug 9 2010, 7:33 PM
Lender rate sheets this morning are improved when compared to last weeks. The par 30 year conventional rate mortgage remains in the 4.25% to 4.50% ra...
Fri, Aug 6 2010, 5:11 PM
Mortgage rates are unchanged on a week over week basis, 4.25% is still as good as it gets. Borrowers considering a refinance should submit a loan app...
Thu, Aug 5 2010, 7:25 PM
The official Employment Situation report is slated to be released this Friday at 8:30am eastern. This event holds the most potential to move mortgage ...
Tue, Aug 3 2010, 5:53 PM
The "best executed" lock/float strategy comes down to finding an originator who knows the loan market, studies underwriting guidelines, and just plai...
Mon, Aug 2 2010, 8:06 PM
The "best executed" lock/float strategy comes down to finding an originator who knows the loan market, studies underwriting guidelines, and just plai...
Fri, Jul 30 2010, 4:44 PM
ALERT: There are some lenders out there, if the APP--to-->CLOSING process is flawless, where a borrower could close at 4.25% right now, without paying...
Wed, Jul 28 2010, 4:16 PM
I suppose the first step of this scenario coming true is the "double-dip". Some folks say the deflationary spiral has already taken hold, others say w...
Tue, Jul 27 2010, 7:08 PM
Stocks rallied after S&P/Case-Shiller data, but sold off after Consumer Confidence flashed. This created a bit more volatility in the bond market. Bot...
Mon, Jul 26 2010, 4:42 PM
When asked "What Will Move Mortgage Rates in the Week Ahead?", our answer is NOTHING! That is unless the herd of investors who've parked their money i...
Thu, Jul 22 2010, 4:48 PM
Although mortgage-backed security prices moved lower today, lenders still improved consumer borrowing costs, extending the streak of irregular mortgag...
Wed, Jul 21 2010, 7:05 PM
Because mortgage rates are near all time lows, more and more consumers (not as many as last year) are coming down off their fences and applying for a...
Tue, Jul 20 2010, 8:11 PM
Mortgage rates have not been following the directional guidance of MBS prices lately. The best mortgage rates have been holding in the 4.375 to 4.625%...
Mon, Jul 19 2010, 4:15 PM
After several days of behaving as if no other market existed, mortgage rates finally snapped back to reality today. Total consumer borrowing costs mov...
Fri, Jul 16 2010, 3:22 PM
A well-qualified borrower, which is basically an applicant whose credit profile and loan terms do not trigger risk-based pricing adjustments (LLPAs),...
Wed, Jul 14 2010, 4:35 PM
Call me crazy but I think we've been witnessing a lender price war in the primary mortgage market.
Tue, Jul 13 2010, 5:11 PM
The S&P rallied 1.54% today, extending it's winning streak to six days, benchmark Treasury yields closed at their highest levels in almost three weeks...
Mon, Jul 12 2010, 3:55 PM
Although the calendar has more to share in the week ahead, mortgage rates are still expected to take their directional guidance from the sentiment of ...
Wed, Jul 7 2010, 5:43 PM
Stocks started the session today trading slightly in the red, which helped keep benchmark bond yields low and allowed lenders to improve mortgage rate...
Tue, Jul 6 2010, 4:47 PM
Not much in the way of scheduled data to move the markets this week. Typically, in weeks like this, the bond market and mortgage rates take their dire...
Fri, Jul 2 2010, 6:06 PM
It really didn't. Not today at least. It did yesterday though, and Monday, and Tuesday, and Wednesday. After a streak of worse than expected economic ...
Thu, Jul 1 2010, 5:38 PM
The par 30 year conventional rate mortgage remains in the 4.375% to 4.625% range for well qualified consumers but borrowing costs were slightly higher...
Wed, Jun 30 2010, 4:32 PM
The relentless mortgage rate rally continued yesterday. Lenders were seen offering the most aggressive loan pricing of our lifetime, again, as stocks ...
Mon, Jun 28 2010, 5:00 PM
Just like last week, the economic calendar in the week ahead is not jammed packed but it does contain a couple of influential data points. The most im...
Fri, Jun 25 2010, 4:34 PM
The first release of lender rate sheets was interesting. MBS prices opened basically unchanged vs. closing levels yesterday, but loan pricing was much...
Thu, Jun 24 2010, 4:39 PM
Mortgage rates rallied to new all-time lows yesterday following a few disappointing housing headlines. While it has been no secret to housing industry...
Wed, Jun 23 2010, 8:29 PM
MBS prices are at all-time highs (AGAIN) and I think we can officially say mortgage rates are priced at their best levels ever. If not, we're pretty d...
Mon, Jun 21 2010, 4:18 PM
Although the economic calendar isn't jammed packed in the week ahead, the data and events on the ballot carry more potential to move interest rates. W...
Thu, Jun 17 2010, 4:31 PM
It was another volatile day in the markets. Stocks traded in a wide range before eventually closing in positive territory. Interest rates seem to now ...
Wed, Jun 16 2010, 7:58 PM
Here is the good news: ONLY A FEW LENDERS REPRICED FOR THE WORSE! Here is the bad news: THIS PUTS LENDERS ON THE DEFENSIVE. Unless stocks are red hot...
Tue, Jun 15 2010, 5:41 PM
Floating your loan is getting more risky as stocks have broken an important level of resistance and investor optimism is improving. If stocks do exten...
Mon, Jun 14 2010, 3:21 PM
While mortgage rates either held steady or improved in four of the last five sessions, they still ended last week higher than where they began it. The...
Fri, Jun 11 2010, 5:53 PM
While it will cost a borrower almost 50 basis more at the closing table (0.50% of the loan amount), 4.50% is still available for most WELL-QUALIFIED b...
Thu, Jun 10 2010, 5:18 PM
Stocks rallied all day long before closing at the highs of the session. This resulted in another investor exodus from risk averse assets which sent be...
Wed, Jun 9 2010, 4:58 PM
Mortgage rates moved slightly higher this morning as stocks rallied and MBS prices ticked lower. About the time the 10-year note auction results were ...
Tue, Jun 8 2010, 5:08 PM
The par 30 year conventional rate mortgage remains in the 4.50% to 4.75% range for well qualified consumers. Although it it's very tempting to float y...
Mon, Jun 7 2010, 5:34 PM
It was a quiet trading session for most of the day in financial markets. Stocks rallied early in the day and lenders offered slightly worse mortgage r...
Fri, Jun 4 2010, 5:37 PM
Mortgage rates held steady near the lowest levels of the year yesterday. That was a dominant theme this week. Regardless of volatility in the stock an...
Wed, Jun 2 2010, 5:42 PM
Like yesterday, I continue to favor locking as mortgage rates are holding steady near historically low levels. If you wish to float in hopes of rates...
Tue, Jun 1 2010, 4:56 PM
It was a very volatile day in financial markets. Stocks moved lower then higher then lower again. This led benchmark Treasuries on a roller coaster ri...
Thu, May 27 2010, 4:42 PM
Even though economic data was WORSE THAN EXPECTED this morning, which usually benefits the fixed income sector and mortgages, interest rates continue...
Get Mortgage Rate Watch by Email
