Mon, Mar 8 2010, 11:33 AM
Reports from fellow mortgage professionals indicate lender rate sheets to be marginally worse when compared to Friday afternoon pricing. However the ...
Fri, Mar 5 2010, 5:10 PM
When looking back on the week that was, it seems like mortgage rates went on a wild ride. Lenders repriced for the better and lenders repriced for the...
Thu, Mar 4 2010, 5:04 PM
Tomorrow we get the official government numbers on the employment situation. This is the most influential report offered on a monthly basis. Job cre...
Wed, Mar 3 2010, 5:46 PM
Like yesterday, early morning weakness in the MBS market led to slightly worse rate sheets at the beginning of the day. However as the day progressed,...
Tue, Mar 2 2010, 5:04 PM
It was a very volatile day in the secondary mortgage market. Yesterday MBS prices rose in the morning and fell in the afternoon. Today the exact oppos...
Mon, Mar 1 2010, 4:14 PM
The week ahead is busy with the highest impacting report scheduled to be released on Friday morning. Reports from fellow mortgage professionals indica...
Thu, Feb 25 2010, 6:10 PM
Improvements over the course of the week have led mortgage rates back toward the lows of 2010. While floating is really tempting, if I only had one l...
Wed, Feb 24 2010, 4:34 PM
I have been saying all year that mortgage rates will need some sort of major shift in economic outlooks if they are to fall below 4.75% again. A surp...
Tue, Feb 23 2010, 5:49 PM
Yesterday was the first day in awhile that I advised floating overnight. It paid off today. If you are being offered 4.75% costing 1 discount point, I...
Mon, Feb 22 2010, 6:51 PM
It will be a very busy week of economic data releases and headline news events. We have casually discussed the idea of a short term float position. Th...
Fri, Feb 19 2010, 6:41 PM
Reports from fellow mortgage professionals indicate higher rates this morning. The par 30 year conventional rate mortgage is in the 5.00% to 5.25% ra...
Thu, Feb 18 2010, 5:24 PM
Just like yesterday, mortgage rates moved higher at the open today...and then even higher later in the day as MBS prices fell further and lenders had ...
Wed, Feb 17 2010, 5:04 PM
After making marginal improvements yesterday, the interest rate market gave back all gains in the overnight session. This weakness was then supported ...
Tue, Feb 16 2010, 4:38 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be slightly improved from yesterday, which were pretty much the same as Frid...
Fri, Feb 12 2010, 3:56 PM
After three below average Treasury auctions and a few days of positive progress in stocks, mortgage rates are ending the week slightly higher than whe...
Thu, Feb 11 2010, 5:10 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be about the same as rates yesterday morning. This puts the par 30 year conv...
Wed, Feb 10 2010, 4:59 PM
Mortgage Rates moved higher today.The main event on the day was the second of three US Treasury auctions scheduled for this week. Today's auction offe...
Tue, Feb 9 2010, 6:38 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be worse this morning., mortgage rates are higher. While the par 30 year ...
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...
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