Mon, Feb 8 2010, 1:43 PM
Nothing has changed from Friday. Mortgage rates continue to run into a floor at 4.75%. This has held true all month! My lock bias is based on the big...
Fri, Feb 5 2010, 2:21 PM
When considering the LOCK vs FLOAT decision, I think of it as so: WE ARE PLAYING CHESS, NOT CHECKERS. My lock bias is based on the big picture outlook...
Thu, Feb 4 2010, 5:12 PM
I have been advising LOCK all week ahead of the Employment Situation Report, which will be released at 8:30am tomorrow morning. While there have been...
Wed, Feb 3 2010, 4:56 PM
Michael Fratantoni, MBA's VP of Research and Economics, warned to expect rising mortgage rates over the next few months as the Fed exits the MBS buyin...
Tue, Feb 2 2010, 12:51 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to yesterday’s...again. This keeps the par 30 year conventional ...
Mon, Feb 1 2010, 1:33 PM
With the Employment Situation report due out later this week and mortgage rates holding at the best levels of the year, I continue to advise locking. ...
Fri, Jan 29 2010, 5:22 PM
Following the release of much better than expected 4th Quarter GDP, mortgage-backed security prices fell. This forced lenders to move mortgage rates s...
Thu, Jan 28 2010, 4:31 PM
I have been advising LOCK all week. If you locked, way to go! Good timing. If you did not lock, we have some deep thinking to do. I think the easiest...
Wed, Jan 27 2010, 5:33 PM
MORTGAGE RATES MOVED HIGHER AFTER THE FOMC RELEASE. Reports from fellow mortgage professionals now indicate lender rate sheets to be worse than yester...
Tue, Jan 26 2010, 12:54 PM
Reports from fellow mortgage professionals indicate lenders have passed along better rates this morning. The par 30 year conventional rate mortgage h...
Mon, Jan 25 2010, 3:52 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be worse than Friday. The par 30 year conventional rate mortgage has risen...
Fri, Jan 22 2010, 3:44 PM
With lenders still offering the best rates we've seen in over a month and further progress unknown in the rates market, I still think most should be l...
Thu, Jan 21 2010, 4:20 PM
With lenders still offering the best rates we've seen in over a month and further progress unknown in the rates market, I think most should consider l...
Wed, Jan 20 2010, 3:57 PM
Reports from fellow mortgage professionals indicate improved rate sheets this morning. The par 30 year conventional rate mortgage has dipped to the 4...
Tue, Jan 19 2010, 12:57 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be unchanged this morning. The par 30 year conventional rate mortgage remai...
Fri, Jan 15 2010, 5:35 PM
WE GOT THOSE MORTGAGE RATE IMPROVEMENTS WE WERE EXPECTING YESTERDAY! Reports from fellow mortgage professionals indicate lender rate sheets to be at t...
Thu, Jan 14 2010, 4:48 PM
The final Treasury auction for the week was held at 1:00pm eastern today. The Department of Treasury offered $13 billion of 30 year bonds. The resu...
Wed, Jan 13 2010, 4:29 PM
Mortgage Rates improved yesterday afternoon into this morning, however these gains were lost after the 10 year Treasury auction today. While positive ...
Tue, Jan 12 2010, 12:50 PM
So far today yesterday's modest improvements have extended over into today, however instead of being "modest", the gains have been substantial! This ...
Mon, Jan 11 2010, 2:25 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to Friday’s. The par 30 year conventional mortgage rate remains ...
Fri, Jan 8 2010, 4:46 PM
Today was a CROSSROADS EVENT. We were hoping rising mortgage rates in December was not a function of shifting sentiment in the rates market. We were h...
Thu, Jan 7 2010, 1:36 PM
Mortgage rates have been stuck in a back and forth battle all week. We started the new year with improvements which carried over into Tuesday only to ...
Wed, Jan 6 2010, 3:04 PM
Mortgage rates made modest improvements yesterday thanks to a rally in benchmark Treasuries and mortgage backed securities. The extension of the Monda...
Tue, Jan 5 2010, 2:39 PM
Reports from fellow mortgage professionals do indicate lender rate sheets to be improved from yesterday. The par 30 year conventional rate mortgage ha...
Mon, Jan 4 2010, 1:56 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 5.00 to 5.25% range for well qualified c...
Thu, Dec 31 2009, 11:25 AM
Mortgage rates improved for the first time in six sessions yesterday as mortgage backed securities price appreciations early in the day allowed lender...
Wed, Dec 30 2009, 12:45 PM
The six day streak of rising mortgage rates finally stalled out yesterday! Although mortgages started yesterday on a negative note, mortgage-backed se...
Tue, Dec 29 2009, 12:10 PM
Reports from fellow mortgage professionals indicate mortgage rates to be similar to yesterday’s. The par 30 year conventional rate mortgage remains i...
Mon, Dec 28 2009, 12:46 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage has risen to the 5.00% to 5.25% range for well qualifie...
Wed, Dec 23 2009, 5:49 PM
So most readers are locked right? At least those of you who are closing in December?
We have been shouting LOCK from the rooftops since early Decem...
Tue, Dec 22 2009, 11:02 AM
Mortgage rates continued to rise yesterday as benchmark Treasury yields moved higher and prices of mortgage backed securities fell. MBS opened the day...
Mon, Dec 21 2009, 4:51 PM
I cannot stress this enough...the rates market is very volatile. If you happen to be floating a loan that is expected to close this month...I WOULD LO...
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...
Get Mortgage Rate Watch by Email
