Mortgage Rates News For Today
Updated Oct. 9, 2013
Prior to 8:30 this morning the 10 yr note traded up 12/32 to 2.11% -5 bp frm yesterday's close; the MBS market up 4/32 (.12 bp).At 8:30 Sept PPI took some wind away, the overall PPI increased by 0.8%, markets were expecting an increase of 0.2%. The core rate however was in line up 0.2%. Yr/yr data is where the cheese...

Mortgage Rates For Today
Updated Oct. 9, 2013
Wednesday and Thursday hit hard on the bond and mortgage markets; the 10 yr note in the two days increased 25 bp in yield, mortgage rates up about 18 bp. The 10 yr price drop was 75/32, mortgage prices fell 34/32. The stock market measured by the DJIA increased 500 points in two days. This morning the 10 yr at 9:00 +12/32...

Mortgage Rate Info Today
Updated Oct. 9, 2013
This Week; two things dominate. Wednesday Bernanke will hold a press conference at the conclusion of the two day FOMC meeting, and Friday the October employment report. Interest rates have increased from the 21st of Sept FOMC meeting at which the Fed Started Operation Twist, buying long dated treasuries and...

mortgage rate news for today
Updated Oct. 9, 2013
The wheels started coming off yesterday on what was lauded as a big step forward in Europe to get a grip on Greece and other EU countries that are similarly facing potential defaults on their sovereign debt; this morning the wheels have fallen off completely-----at least at the moment. What is happening today is...

Mortgage rate news for today 11-2-11
Updated Oct. 9, 2013
Treasuries and mortgages after three days of improvement are weaker this morning, volatility in US markets continues to be excessive; most of it is what isn't happening in Europe. Europe pushing on a string, there isn't enough capital in the region to come close to keeping the sovereign debt under...

Mortgage rate news for today 11-3-11
Updated Oct. 9, 2013
Early trade this morning, treasuries and mortgages weaker; at 9:00 the 10 yr -20/32 to 2.06% +6 bp and mortgage prices down 11/32 (.34 bp), the DJIA futures traded +153. News out of Europe; rumors that Greece Prime Minister Papandreou is about to resign but no one is taking it seriously as most of the rumors are coming...

mortgage rates news for today
Updated Oct. 9, 2013
Generally a quiet start for the bond and mortgage markets this morning; at 9:00 the 10 yr -3/32 and MBSs +3/32 (.09 bp). Stock indexes in pre-open trading were better indicating a better open at 9:30. There are no economic reports today; the only thing in the US that we will be watching is Treasury's $32B 3 yr note...

mortgage rates news for today 11-10-11
Updated Oct. 9, 2013
Europe continues to control US markets; yesterday there was a passing thought that Italy's debt problems would deal a serious blow to the country with its interest rates at record highs since the EU began. Yesterday another passing thought that the EU would eventually be restructured based on comments...

Mortgage rates new for 11-15-11
Updated Oct. 9, 2013
Three economic reports at 8:30 this morning; Oct retail sales better than estimates, +0.5% overall and +0.6% ex auto sales, estimates were +0.4% and +0.2% respectively. Nov Empire State manufacturing index expected -0.8 frm -8.48 in Oct was +0.61; new orders component -2.07 frm +0.16, employment at -3.66 frm +3.77 and...

mortgage rate news for 11-16-11
Updated Oct. 9, 2013
Prior to 8:30 this morning the 10 yr note quiet but down 4/32 to 2.05%, mortgages down 4/32 (.12 bp). At 8:30 Oct CPI was -0.1% against forecasts of unch; the core (ex food and energy) +0.1% in line with estimates. Yr/yr overall CPI +3.5%, ex food and energy +2/1%. The slightly better inflation report turned the 10 to +6/32 to...

mortgage rate news for 11-17-11
Updated Oct. 9, 2013
Prior to 8:30 this morning the 10 yr note quiet but down 4/32 to 2.05%, mortgages down 4/32 (.12 bp). At 8:30 Oct CPI was -0.1% against forecasts of unch; the core (ex food and energy) +0.1% in line with estimates. Yr/yr overall CPI +3.5%, ex food and energy +2/1%. The slightly better inflation report turned the 10 to +6/32 to...

Mortgage rate news for 11-18-11
Updated Oct. 9, 2013
Interest rates started a little higher this morning but are holding well after the 10 yr closed at 1.97% yesterday. Early this morning the 10 yr traded at 2.03% at 7:30, but by 9:00 it fell back to 1.99%. Mortgage prices a little lower in line with the 10 yr price decline; stock indexes were pointing to a better open at 9:30...

Mortgage Rate News for 11-21-11
Updated Oct. 9, 2013
Treasury rates a little lower this with the stock market opening weaker. That the Super Committee has failed to reach any compromise is driving markets this morning. The bond and mortgage markets should hold through the week but unlikely to decline in rates much. It will be a short week with Thanksgiving on...

mortgage rate news for 11-22-11
Updated Oct. 9, 2013
Prior to 8:30 the bond and mortgage markets were slightly weaker in price with stock indexes better. At 8:30 more not so good news, the Q3 preliminary GDP data was weaker than expected and weaker than last month's advance report. Q3 GDP was revised from +2.5% to +2.0% with forecasts of +2.3% to +2.5%; consumer...

mortgage rate news for 11-23-11
Updated Oct. 9, 2013
Three economic reports this morning at 8:30; weekly jobless claims were up 2K to 393K, last week's claims were revised to 391K frm 388K, continuing claims were up 68K to 3.691 mil. Overall claims were about as expected. Oct personal income was expected up 0.3%, it increased +0.4% the highest since March;...

mortgage rate news for 11-28-11
Updated Oct. 9, 2013
Markets had a shortened day on Friday, normally not likely to make huge moves but the bond market saw selling on increased optimism that Europe is on the path to coming up with a "plan". More likely treasury prices fell on increasing optimism that Holiday shopping would exceed estimates that were saying sales...

Mortgage Rate News for 11-29-11
Updated Oct. 9, 2013
Treasuries and mortgages turned nicely better yesterday afternoon after opening weaker in the morning; most lenders re-priced as MBS prices at the end of the day were 50 bp better than at 9:30. The 10 yr climbed to 2.08% early then fell to 1.95% and closed at 1.97% unchanged while the stock market rallied to push the...

mortgage rates news for 11-30-11
Updated Oct. 9, 2013
Treasuries and mortgages being hit early this morning on news that the US and five other central banks injected liquidity into markets in move to lower currency swap rates. The move is aimed at easing strains in markets and boosting the central banks' capacity to support the global financial system. The...

mortgage rate news for 12-1-11
Updated Oct. 9, 2013
Treasuries and mortgages opened weaker this morning, at 8:30 weekly jobless claims that were expected to be down 2K jumped 6K to 402K and last week's claims were revised higher to 396K frm 393K. Back above what traders consider pivotal 400K. Prior to the claims report the 10 yr note traded at 2.13% up 5 bp frm...

mortgage rate news for 12-2-11
Updated Oct. 9, 2013
Nov employment at 8:30 was generally in line with estimates. Today's news will feature the unemployment rte dropped to 8.6% frm 9.0%; non-farm jobs increased 120K while private non-farm jobs increased 140K, average hourly earnings +0.1%. The unemployment rate is the lowest since March 2009, but there is a...