Mortgage Rates Does Not Have a Good Day
Updated Oct. 27, 2014
Mortgage rates did not have a good day as we saw a pullback with Mortgage Backed Securities as we are slowly but surely giving back the gains we saw last week. The most prevalently quoted conforming 30yr fixed rates for top tier borrowers is now at 4.0%, but 4.125% is now coming back into the picture. . Not a good day for...

Mortgage Rates Flat versus Mortgage Bonds Gains Momentum
Updated Jul. 28, 2016
Mortgage rates surprisingly opened flat this morning, but as the day progressed, got better as the bonds again rallied towards the end of the trading session. However, the movement has been very small as the rates really were only affected by the fees between the rates. The stock indexes at the end of the day are...

Mortgage Rates Increasing 3-8-13
Updated Oct. 9, 2013
Wow! Holy Moly Batman! This morning's Feb employment report blew the doors off all the forecasts; it is after all the employment report that is most always a shock of some kind. The unemployment rate in Feb declined to 7.7% frm 7.9% in Jan and down 0.1% more than thought. Non-farm jobs increased 236K, consensus...

Mortgage Rates Forecast 3-11-13
Updated Oct. 9, 2013
LAST WEEK'S MORTGAGE RATES RECAPLast week saw a definitive drop below key technical market support levels, capping off with higher mortgage rates on Friday as the markets responded to the February employment report. Mortgage interest rates ended the week about .125% higher than they started. Remember...

Mortgage Rates Moving Upward
Updated Nov. 3, 2014
Mortgage rates are moving upward after some positive economic news and the easing of issues across the pond in Japan. The most prevalently quoted conforming 30yr fixed rates for top tier borrowers was still at 4.125%, but4.0% was there with fees.. Last night while we slept, the Bank of Japan and the Japanese...

Mortgage Rates Forecast 3-12-13
Updated Oct. 9, 2013
Treasuries trading a little weaker early this morning while trade in stock index futures were slightly weaker prior to the 9:30 open. There are no scheduled economic reports today. At 9:30 the DJIA opened -9, NASDAQ -6, S&P -2; 10 yr note unchanged at 2.05% and 30 yr MBSs +4 bp.. After the strong increase in interest...

Mortgage Weekly Wrap-up 3-15-2013
Updated Oct. 9, 2013
Weekly Wrap up and Weekend Update. As you take your buyers out house hunting this weekend, share with them that this week was a good week for mortgage rates. Locking an interest rate is not a bad idea with many economic reports coming out next week that could cause rates to edge up a bit. It really is a great time to buy a...

Mortgage Rates Forecast 3-14-2013
Updated Oct. 9, 2013
Prior to 8:30 when Feb retail sales were reported the 10 yr note at 2.00% was -2 bp and 30 yr MBSs were up 6 bp frm yesterday's close. Retail sales for Feb was expected to be a little soft on concerns the payroll tax increase might continue slow spending seen in January. The estimate for overall sales was +0.6% and...

Mortgage Rates Forecast 3-15-2013
Updated Oct. 9, 2013
Treasuries and mortgages were weaker early on better stock index trading, at 8:30 weekly jobless claims were expected to increase 10K, claims declined 10K to 332K and last week's claims were revised frm 340K to 342K. Weekly claims for unemployment compensation have been falling for weeks now, there can...

New Fees & Rates
Updated Oct. 9, 2013
There have been a number of questions that have come up with the new changes effecting FHA Loans in the future. Let me try to help you understand what some of those changes are and how they might affect you.. ANNUAL MIP RATES. Below are the changes to FHA policies concerning the increases to the annual MIP, removal of the...

Mortgage Rates Forecas 3-16-2013
Updated Oct. 9, 2013
Yesterday the 30 stocks in the DJIA index made another new high, the 10th in a row for the index, yet the broader market as measured by the more significant S&P 500 index still can't push to a new high. Yesterday the index closed at 1563.23, the high close is 1565.15, so close but not even the most bullish could...

Last Chance to Refinance?
Updated Oct. 9, 2013
Mortgage rates have been on the rise. Is this your last, best chance to refinance and save money with a super low rate? Perhaps. Although rates have been on a near-steady decline for nearly four years now, it's always been clear that rates wouldn't stay this low forever. Then again, each time the experts...

Real Estate Is Back
Updated Oct. 9, 2013
"And the Survey Says........". It's now becoming a widespread feeling in the industry that after five long years of continued market deterioration and stagnation that we are finally seeing the true rebound of the US housing market. In fact, ActiveRain recently conducted a survey among its 330,000 members and had...

Mortgage Rates Forecast 3-18-2013
Updated Oct. 9, 2013
Last Week's Mortgage Rates Recap Last week we ended the week with the same to slightly better mortgage rates than we started, and improved rebate pricing. However, every day had major volatility that greatly affected pricing when consumers locked in their interest rates. We saw swings of as much as .500 in...

Mortgage Rates Forecast 3-19-2013
Updated Oct. 9, 2013
Generally quiet in early activity this morning in the bond and mortgage markets; trade in the stock index futures at 9:00 pointing to a better open at 9:30. In Europe stock markets are weaker, continuing to decline on the renewed debt crisis that surfaced in tiny Cyprus. In an effort to get financial assistance frm...

Mortgage Rates Forecast 3-20-2013
Updated Oct. 9, 2013
Not a good start this morning in the bond and mortgage markets; European stock markets better leading to better US stock index prices in the futures markets prior to the open at 9:30. Late yesterday afternoon MBS prices declined from what we reported at 4:00; at 4:00 30 yr MBS price was +23 bp, at 5:00 +12 bps. This...

Mortgaage Rates Forecast 3-21-2013
Updated Oct. 9, 2013
Bonds started slightly better today, mortgages also better after yesterday's declines in prices. In the EU-Cyprus banking crisis nothing has been achieved so far, the country has extended its bank holiday until next Monday, keeping banks closed. The country was unable to negotiate any deal with Russia...

Mortgage Rates Forecast 3-22-2013
Updated Oct. 9, 2013
A little better start in the mortgage and bond market this morning even with the stock indexes opening better. It remains all about the Cyprus banks and whether Cyprus can come up with 5.8B euros in order to get bank rescue money from the ECB. Yesterday the gauntlet was laid down to Cyprus by the ECB and EU officials;...

Getting an Ideal Mortgage
Updated Oct. 9, 2013
10 Do's and Don'ts for Getting an Ideal Mortgage . Here's the good news: More people than ever can buy a home.. Now for the bad: It's going to take a lot of patience, restraint and some careful planning to get there. That loan officer sitting across the table won't look kindly on the new Lexus...

Mortgage Rates Weekly Wrap-Up 3-22-2013
Updated Oct. 9, 2013
Weekly Wrap up and Weekend Update. This week was filled with as much intraday market and interest rate volatility as we called for. In fact, many lenders repriced rates today for the better, improving either rate, rebate, or both. Locking an interest rate is not a bad idea when factoring in the positive rate...