Tue, Mar 23 2010, 4:55 PM
The par 30 year conventional rate mortgage has once again declined to the 4.75% to 5.00% range for well qualified consumers .Over the past two days be...
Mon, Mar 22 2010, 5:01 PM
It was a very slow day in the mortgage market. Mortgage-backed security prices opened lower which forced many lenders to publish mortgage rates higher...
Fri, Mar 19 2010, 3:24 PM
After yesterday’s busy economic data calendar, the schedule was empty today. Reports from fellow mortgage professionals indicate lender rate sheets to...
Thu, Mar 18 2010, 4:40 PM
After the release of the Treasury debt statement, benchmark yields rose and MBS prices fell. This forced many lenders to reprice for the worse. After...
Wed, Mar 17 2010, 3:24 PM
We are seeing very aggressive rate sheets from lenders today. My advice would be to lock any loan closing and funding in the next 30 days. Same excep...
Tue, Mar 16 2010, 5:05 PM
The Federal Open Market Committee (FOMC) met for a one day meeting today. Usually they meet for two. At 2:15, the FOMC released their statement on mon...
Mon, Mar 15 2010, 6:24 PM
After a slow week of economic data, the calendar picks up in the days ahead.If you followed my advice on floating over the weekend, you picked up some...
Fri, Mar 12 2010, 4:20 PM
Following the release of the Retail Sales report, benchmark yields rose and MBS prices plummeted. Many lenders released rate sheets at the lows of the...
Thu, Mar 11 2010, 6:05 PM
Tomorrow morning we get the Retail Sales, Consumer Sentiment and Business Inventories. Of the three, the Retail Sales report has the highest potentia...
Wed, Mar 10 2010, 4:48 PM
Yesterday I informed you that the most significant threat to mortgage rates was today's 10 year Treasury note auction and the 30 year bond auction sch...
Tue, Mar 9 2010, 11:05 AM
Reports from fellow mortgage professionals indicate lender rate sheets to have regained yesterday's marginal losses. The par 30 year conventional rat...
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...
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