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Articles by Lisa Robison

Mortgage Rates 6-30-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have dropped across the board today, in contrast to yesterday's increase.  Greece is still an issue today, but it seems that MBS investors are...
Mortgage Rates 7-02-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates climbed slightly today with the release of employment data.  Europe takes second place to job reports.   NFP (non-farm payroll) data was...
Mortgage Rates 7-07-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates continued to drop today, hitting the lowest point in two weeks.  This is due to the higher demand for mortgage backed securities and US Treasuries....
Mortgage Rates 7-08-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates today remained largely similar to yesterday, but the trend in 2015 is one of instability.  Contributing factors include global markets, such as...
Mortgage Rates 7-09-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates continue on their downward trend for July, even though today brought about a slight spike. This has been the trend across the board with stock prices,...
Mortgage Rates 7-10-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates jumped up today, but are still in the lower-than they have been over the last several weeks.  Most lenders are offering 30 year fixed rates between 4...
Mortgage Rates 7-13-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have climbed higher over the weekend, showing a slight increase in all areas except 5/1 ARM, which dropped slightly.  This is due in part to the...
Mortgage Rates 7-15-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have dropped slightly since yesterday. however, but today is scheduled to be a chaotic day , with the schedule of data to be realeased, and potential for...
Mortgage Rates 7-16-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates continue to drop slightly but still are within a narrow range.  This news is considered positive, given the headlines this mornng.  The Greek...
Mortgage Rates 7-17-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates are slightly lower than yesterday, except for the 5/1 Adjustabe Rate Mortgage, which has nudged up slightly.  Currently there are three factors...
Mortgage Rates 7-20-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have continuing to drop, and are expected to shift around within a narrow range.  We expect to see this type of movement due to light liquidity....
Mortgage Rates 7-21-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have jumped up higher today, although they are still trading within a narrow range.  After 9:00am, rates dropped sharply, and Mortgage Backed...
Mortgage Rates 7-22-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have moved down slightly from yesterday,  The amount of applications being submitted has slowed down.  According to the Mortgage Bankers...
Mortgage Rates 7-23-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have moved down slightly again,  Today is a day to be watching the stock market.  The release of earnings reports and corporate debt could put...
Mortgage Rates 7-24-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in ourdaily poll.. Mortgage rates have nudged downward again today. This is the 4th day in a row that bond trading has been sparce. Treasury yields are holding around the same range. The most...
Mortgage Rates 7-27-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have dropped slightly, with the exception of the 5/1 ARM, which has crawled up slightly. The amount of home sales is just short of hitting numbers seen...
Mortgage Rates 7-27-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have climbed across the board today.  There was talk about reaching the strongest levels in three weeks, but the last few days have shifted away...
Mortgage Rates 7-30-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have moved up since yesterday slightly.  Bond markets experienced some weakness after the losses just following  the overnight session....
Mortgage Rates 7-31-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have stayed relatively the same today.  The bond market has been less volatile than in recent weeks, and with no complaints.  Jobless claims...
Mortgage Rates 8-04-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have pushed downward, mainly because of fears of inflation.  Additional factors involved are the wage growth reports and the consumer spending....
Mortgage Rates 8-05-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have climbed up today from yesterday.  The highest jump being in the FHA 30 year loans, moving from 3.65% to 3.75%.  Last week was one of the best...
Mortgage Rates 8-06-15
Check back tomorrow to see what mortgage rates will do.. Mortgage professionals are voting in our daily poll.. Mortgage rates have continued to climb today. News coming from the Mortgage Credit Access Index (MCAI) indicates that credit availability is on a continual rise...
Mortgage Rates 8-07-15
What will mortgage rates do today?  Mortgage professionals are voting in our daily poll.. Mortgage reports indicate that new home construction is on the rise, and is at the highest levels since 2008. Recent polls indicate that nearly a third of Americans...
Mortgage Rates 8-10-15
What will mortgage rates do this week?  Mortgage professionals are voting in our daily poll.. Bond markets have been doing relatively well over the last several weeks.  Because of this trend, there are questions about a potential pullback.  The reason for this is...
Mortgage Rates 8-11-15
What will mortgage rates do tomorrow?  Mortgage professionals are voting in our daily poll.. Mortgage rates have climbed up slightly across the board today.  Mortgage Backed Securities are at thier highest yields since early June, and Treasury yileds are...
Mortgage Rates 8-12-15
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have dropped a bit today from yesterday, mainly due to international news coming out of China.  United States Treasuries rallied after China...
Mortgage Rates 8-14-15
What will mortgage rates do next week? Mortgage professionals are voting in our daily poll.. The mortgage rate tables are responding to some volatility today.  With the release of PPI, Consumer Sentiment, and Industrial Production, and considering the day of the...
Mortgage Rates 8-17-15
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mondays in summer are typically pretty uneventful, but not today. Mortgage rates are responding to some data emerging from the first reports of the day.  The Empire State...
Mortgage Rates 8-18-15
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage Rates are bouncing back today from yesterday's weakness driven by the Industrial reports. After the New York Stock Exchange opened at 9:30am, Mortgage Backed...
Mortgage Rates 8-19-15
What are rates going to do tomorrow? Mortgage professionals are voting in our daily poll.. Today marks the release of FOMC Minutes.  The Fed added a key wond, the word "some" into the phrasing that discusses how much movement in the labor market is needed...
Mortgage Rates 8-20-15
What will rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have dropped across the board today following the release of the FOMC minutes yesterday. The minutes revealed that the Fed rate hike will largely be dependent on data...
Mortgage Rates 8-21-15
What will rates do next? Mortgage professionals are voting in our daily poll.. Global risk-aversion has dragged yields even lower today. They are now at the lowest rates in 3 months.  Having said that, bonds are not looking like they want to improve without a major...
Mortgage Rates 8-24-15
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll..  There are major swings in he Global Market.  News out of China isn't helping things.  Germany, because if the close trade relationship with China, was...
Mortgage Rates 8-25-15
What will mortgage rates do on Wenesday? Mortgage professionals are voting in our daily poll.. Rates have dropped today, with the exception of the 5/1 ARM, which has nudged up a bit.  Investors have shifted thier focus out of high-risk investments, such as...
Mortgage Rates 8-26-15
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.. Rates are on the move upward today, a bond corrections continue.  Bond markets have over a month of improvements to make.  Bond selling was also spurred by Durable...
Mortgage Rates 8-27-15
What are mortgage rates going to do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have continued to rise today, which is seen as a small victory, since the stock market has been selling off quite nicely.  The S&P is up 37 points...
Mortgage Rates 8-28-15
What are mortgage rates going to do next? Mortgage professionals are voting in our daily poll.. Mortgage rates have inched up today across the board, which appears to mark the end of a few days of corrections in the bond markets.  Treasuries and Mortgage Backed...
Mortgage Rates 8-31-15
What are mortgage rates going to do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates are reacting to some month end anxiety.  Typically a sector of traders will buy bonds at month end in order to balance out their portfolios.  US...
Mortgage Rates 9-01-15
What will Mortgage rates do on Wednesday? Mortgage professionals are voting in our daily poll.. Mortgage rates are inching upward today.  This morning at 9:30am, the NYSE opened, and traders started selling bonds. When the ISM data came in, bonds were in positive...
Mortgage Rates 9-02-15
What will Mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates are close to unchanged levels from yesterday.  The release of ADP data came in weaker than expected at 190k bersus the forecasted 201k.  Factory Orders...
Mortgage Rates 9-03-15
What will Rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates are trading within a narrow range this week.  This zig-zag has been seen all week, as rates are unsure as to what to do with data reports.  Today marks the final...
Mortgage Rates 9-04-15
What will mortgage Rates do next week? Mortgage professionals are voting in our daily poll.. Mortgage rates are battling back today with the release ithe non-farm payroll report.  Data came in pretty close to what was expected, but with mixed components.  Certain parts of...
Mortgage Rates 9-08-15
What will mortgage Rates do this week? Mortgage professionals are voting in our daily poll.. Mortgage rates are back into Friday's range after NFF reports came in on Friday, thanks to Corporate Debt Issuance.  A number of large firms announced new debt, and...
Mortgage Rates 9-09-15
What will Mortgage Rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates are higher across the board today, due to the fact that Treasuries are getting impacted by supply pressure. Corporate Bond Issurance and Treasury Auctions....
Mortgage Rates 9-10-15
What will Rates do Friday? Mortgage professionals are voting in our daily poll.. Mortgage rates today are bouncing back from the impact of yesterday's  Corporate Debt Issuance and Treasury Data.  The release of Supply Data, namely Jobless Claims,...
Mortgage Rates 9-11-15
What will Rates do next week? Mortgage professionals are voting in our daily poll.. Mortgage rates today are fairly stagnant.  This could very well be an effort to make any additional sudden moves in anticipation of next week's potential volatility.  The...
Mortgage Rates 9-14-15
What will Mortgage Rates do this week? Mortgage professionals are voting in our daily poll.. Mortgage rates today are holding steady from Friday.  Domestic as well as Global Markets were strong overnight, which left the MBS and Treasury gains in the same narrow...
Mortgage Rates 9-15-15
What will Mortgage Rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have jumped up sharply today in anticipation of the Federal Reserve's impending announcement on September 17th.  The anxiety of the likelhood of a...
Mortgage Rates 9-16-15
What will Mortgage Rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have largely remained the same from yesterday.  The last couple months have seen very little movement, despite corrections from the fallout of...
Mortgage Rates 9-17-15
What will Mortgage Rates do Friday? Mortgage professionals are voting in our daily poll.. Mortgage rates have remained unchanged today, in response to the Fed announcement to NOT impose a rate hike.  This announcement came to the surprise of many anxious...
Mortgage Rates 9-18-15
What will Mortgage Rates do next week? Mortgage professionals are voting in our daily poll.. Mortgage rates are lower today in the wake of the Fed announcement NOT to raise rates.  This announcement came as a shock to many, who had assumed that the rates would raise....
Mortgage Rates 9-21-15
What will Mortgage Rates do next week? Mortgage professionals are voting in our daily poll.. Mortgage rates are lower today, as the talk about the Fed announcement continues into the week.  This is the result the influx of bonds in the market.  The sell-off...
Mortgage Rates 9-23-15
What will Mortgage Rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have inched up today.  Bonds traded this morning within a narrow range.  At the beginning of the day, Chinese manufacturing data caused bonds to sell...
Mortgage Rates 9-24-15
What will Mortgage Rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates have remained static today from yesterday.  This week, up until today, there was only one economic report released, which is the Existing Home Sales data...
Mortgage Rates 9-25-15
What will Mortgage Rates do next weeki? Mortgage professionals are voting in our daily poll.. Mortgage rates continue to hold in a very narrow pattern.  This is the after effect of Yellen's speech after the markets closed yesterday afternoon at 5:00pm....
Mortgage Rates 9-28-15
What will Rates do this week? Mortgage professionals are voting in our daily poll.. Mortgage rates are a nudge lower than they have been as  the week starts out.  Domestic data came out this morning higher than expected, however, the main influences in the...
Mortgage Rates 9-29-15
What will Rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates are significantly lower today.  The yeilds are they are the lowest that they had been in a month, late August, to be axact.. This is a pretty clear example of the...
Mortgage Rates 9-30-15
What will Rates do next? Mortgage professionals are voting in our daily poll.. Mortgage rates are nearing the lowest numbers that we have seen in the last five months.  The day started with the Mortgage Backed Securities and Bond markets surging due to equities...
Mortgage Rates 10-01-15
What will Mortgage Rates do tomorrow? Mortgage professionals are voting in our daily poll.. Mortgage rates are still holding thier ground, due to big moves in Europe.  European Bond markets opened up the trading day with an impressive rally, and US bonds have...
Mortgage Rates 10-02-15
What will Mortgage Rates do next week? Mortgage professionals are voting in our daily poll.. Mortgage rates continue to remain at record lows, despite the fact that the employment data came in weaker than expected.  This afternoon brought about a shift in the bond...
Mortgage Rates 10-05-15
What will Rates do this week?? Mortgage professionals are voting in our daily poll.. Mortgage rates have risen sharply today, after the release of Friday's Non-Farm Payroll data.  There haven't been any significant happenings in the bond market since...
Mortgage Rates 10-06-15
What will mortgage rates do tomorrow?? Mortgage professionals are voting in our daily poll.. Mortgage Backed Securities and Treasuries started out the day with some weakness in response to this morning's reports about corporate bond issuance.  This...
Mortgage Rates 10-07-15
What will mortgage rates do tomorrow?? Mortgage professionals are voting in our daily poll.. Today's rates are holding steady today, as the domestic bond markets found thier footing this morning just ahead of the 10-year auction.  Treasuries started the...
Mortgage Rates 10-08-15
What will rates do Friday?? Mortgage professionals are voting in our daily poll.. Mortgage rates today have inched up across the board, with the exception of the FHA 30-year fixed rate, which has remained the same.  Lately bonds have been working along a pattern of...
Mortgage Rates 10-09-15
What will Mortgage Rates do Monday? Mortgage professionals are voting in our daily poll.. Mortgage rates are at their highest levels in a week, since last week's post Non-Farm Payroll report rally.  There was some volatility today, but mortgage rates seem...
Mortgage Rates 10-12-15
What will Mortgage Rates do this week? Mortgage professionals are voting in our daily poll.. Last week brought about a climb in mortgage rates, which apparently have leveled off as of last Friday.  There have been no significant reports released today being...
Mortgage Rates 10-13-15
What will Rates do this tomorrow? Mortgage professionals are voting in our daily poll..  The bond markets are off to a sluggish start, but are in positive territory today.  The weak Non-Farm Payroll report that was issued at the beginning of the month helped...
Mortgage Rates 10-14-15
Mortgage rates started the day strong today, thanks to the Retail Sales Report and the PPI Report, both released today.  The massive amount of corporate bond issuance isn't even swaying the bond markets today.  Today bond prices surprisingly moved even lower...
Mortgage Rates 10-15-15
Mortgage rates have dropped today, due to weakness in the bond markets.  Treasuries are doing better today than Mortgage Back Securities, and this is also due to the weaker economic statistics that have been hitting the market recently.  Yesterday's PPI...
Mortgage Rates 10-16-15
Bond markets are preparing for the big Federal Reserve Meeting in a little over a week.  What this looks like is what is called "consolidation", which means that the trading is occurring within an increasingly narrow range.  The boundaries for the highs...
Mortgage Rates 10-19-15
Mortgage rates have dropped slightly across the board.  Today the release of NAHB data came in stronger than was expected.  Confidence among builders came in at 64, although the forecast came in 62.  This is the highest that it has been in ten years.  Bonds...
Mortgage Rates 10-20-15
Mortgage rates are flat today.  The overnight bond trading session started week, and is now holding ground. The reason for the lack of any significant movement is likely the anticipation of next Wednesday's FOMC announcement. This announcement is the one in which...
Mortgage Rates 10-21-15
Bond markets are doing well today compared to the overnight session, which has had an adverse effect on mortgage rates.  With limited domestic data being released, the trend for the past couple of days has been to follow the European Markets.  Today the European...
Mortgage Rates 10-22-15
Mortgage rates have had a mixed response today due to the ECB (European Central Bank) announcement and new corporate debt issuance, particularly from Coca-Cola.  Corporate debt is similar to the US Treasury issuing debt, in that it causes investors to put up cash to own...
Mortgage Rates 10-23-15
Mortgage rates benefitted today from weakness in the bond markets.  China's PBOC (People's Bank of China) cut rates suddenly, and this had a negative effect on US Bond rates.  In addition, weakness continued after 8:20am today with the opening of the...
Mortgage Rates 10-26-15
Today has been a relatively slow day for the domestic session.  Overnight the US and German Bund yields both fared well, and then changed direction, the short lived rally was helped out by weaker readings in New Home Sales.  In the bigger picture, the FOMC...
Mortgage Rates 10-27-15
Mortgage rates rose slightly higher today.  We are still seeing a narrow range consolidation in the Bond Markets that has stayed between 2.0 and 2.08 ever since the release of the Non-Farm Payroll report, specifically in the last couple of weeks.  We don't expect...
Mortgage Rates 10-28-15
Mortgage rates are slightly lower today from yesterday.  Bond markets were weaker today coming off the overnight session, although still holding within the recent range.  European markets had very little influence on the US Treasury rates this morning.  At...
Mortgage Rates 10-29-15
Mortgage rates are higher across the board today by a significant amount.  Yesterday's FOMC announcement did not help out the bond market.  The fact that the Fed is most likely to hike rates in December caught many off guard.  The statistics changed from a...
Mortgage Rates 10-30-15
Mortgage rates are continuing to climb today in the wake of the FOMC announcement this past Wednesday. Bond markets have improved enough to cover yesterday's losses, but are still relatively flat.  Treasuries are consistent with yesterday's sell-off...
Mortgage Rates 11-02-15
Mortgage rates are slightly lower than they were on Friday.  Bond markets are preparing for the FOMC to confirm their position in regards to the "alluded to" December rate hike. In fact, the main reason that the hike didn't happen as soon as September, was...
Mortgage Rates 11-06-15
Mortgage rates are a nudge higher across the board today.  Today's job reports came in undeniably stronger than expected, which helped bolster any concerns that the Feds would not impose a rate hike in December.  The NFP report was forecasted at 180k, and came...
Mortgage Rates 11-09-15
Mortgage rates are higher today as a response to last week's NFP report.  Mortgage markets are moving to price based on the stance that a rate hike by the feds is imminent.  Stocks and bonds will likely see the impact of a rate increase.  Additional pressure...
Mortgage Rates 11-11-15
Bond Markets are closed today. Tuesday ended the day with MBS coming back from some of the weakness due to a lack of new corporate debt issuance, particularly in comparison to Monday, which saw massive amounts of corporate debt hitting the markets. Yesterday marked the first...
Mortgage Rates 11-12-15
The overnight session was uneventful coming off the Veterans Day market closure.  President Draghi of the European Central Bank (ECB) made some comments which boosted the bond markets, and treasuries followed as well.  Also coming out of the St Louis Fed were...
Mortgage Rates 11-13-15
Mortgage rates have lowered across the board, with the exception of the 5/1 Adjustable rates, which inched up 0.01%  This is due to some help from oil prices and equity markets.  The last five days have seen an upward trend, which may be more than "just" a...
Mortgage Rates 11-16-15
Mortgage rates continue to move back into the green since Friday.  With much of the media focusing attention on Paris and global events surrounding it, not many headlines are coming out of the mortgage sector.  The only notable events are were the selling of stocks...
Mortgage Rates 11-17-15
Last week brought a good run of gains in the bond market, where rates rose quickly, but then started to level off.  We have seen four consecutive days of lower interest rates, although the changes day over day are modest.  Rates are slightly lower today compared to...
Mortgage Rates 11-18-15
Bond markets are continuing their patttern of consolidation, and seem to be afraid to make any major moved in anticipation of the 2:00pm release of the FOMC minutes.  Both Mortgage Backed Securities and Treasuries are in a holding pattern, and are pretty well at...
Mortgage Rates 11-19-15
Mortgage rates are slightly higher today, with the exception of the 30 Year Fixed rates and the 5/1 Adjustable rates, which remained the same.  The FOMC minutes released yesterday revealed that the Fed is beginning to think about a longer term big picture that models...
Mortgage Rates 11-23-15
Mortgage rates are relatively flat today.  There was a downward surge in yields that began at 8:20am when the domestic market opened, but other than that, it's been a strong market for US bonds, and weak in the overseas bond markets.  European markets are no...
Mortgage Rates 11-24-15
The mortgage markets today are continuing to consolidate, as they have been since the greater part of November.  The 10 year yields are back down to pre-NFP report numbers.  There was a significant move in markets today, which was spurred by the news of Turkey, but...
Mortgage Rates 11-25-15
Mortgage rates are undeniably sideways today as was anticipated.  There were a few small blips today brought about by the 7 year treasury auction, but otherwise, data is not making much of an impact , despite plenty of opportunities to do so.  A few of the reports...
Mortgage Rates 11-30-15
Markets are still slow today, and are reacting to the slow Thanksgiving week.  Economic data has made a small impact, as most of the market moves took place prior to the release of the data today.  During the overnight session, Treasuries moved into weaker...
Mortgage Rates 12-01-15
Bond markets surprised us today with the largest rally in the last two months.  Fannie Mae 3.5s are up 3/8ths of a point, and 10 year yields are down 5.4bps as well.  The ISM data released this morning was not likely the instigating factor, as the movement was already...
Mortgage Rates 12-02-15
Mortgage rates are significantly lower today across the board.  The bond markets are surging in the last two days as the tone around a Fed rate hike in December is changing slightly.  There have been some confusing comments coming out of the Fed....
Mortgage Rates 12-03-15
Mortgage rates have inched up today compared to yesterday.  The bond market made headline news by losing more ground in the last 24 hours on any single day since 2013.  There have been five separate alerts issued for negative re-price risk since the markets opened....
Mortgage Rates 12-04-15
Mortgage rates have had quite a volatile day today.  Today the Non-Farm Payroll report was released, and actually came in stronger than anticipated.  The median forecast was 200K, and the actual numbers came in at 211k.  Wage growth slowed down from +0.4 to +0.2....
Mortgage Rates 12-07-15
Bond markets started the overnight session in weaker territory, but the trend did not continue.  The EU bond markets had a nice rally that started at 2am Eastern Time, however the effect on the US Treasury market was minimal.  The end result was a flat opening day....
Mortgage Rates 12-08-15
Mortgage rates are lower today by a pretty significant amount.  Today the bond markets opened up in weaker territory, and then have been bouncing back.  The catalyst for this shift, both today and yesterday has been the near 7 year lows in the oil prices.  The...
Mortgage Rates 12-09-15
Mortgage rates are sllghtly higher today, and the bond markets seem to be in somewhat of a standard consolidation mode ahead of the Fed Meeting.  Bond markets started out the morning session in weaker territory after an uneventful overnight session.  The rise in...
Mortgage Rates 12-10-15
Mortgage rates are flat today for the most part.  The lack of relevant economic data, and the consolidation trend ahead of next week's Fed announcement are the main culprits. There have been some volatile spikes, induced by fluctuations in oil prices and stocks, as...
Mortgage Rates 12-11-15
Mortgage rates experienced a slight uptick today, although we are still in a narrow range on the week.  Today's market has brought about the largest rally that we've had all week, despite recent data.  The reason for today's rally is likely the...
Mortgage Rates 12-14-15
As we head into the Fed Announcement in only two days,, things are getting more volatile.  Friday's snowball effect is now giving way to some investors who were forced out of the market to re-establish their trading positions.   It is a pretty solid consensus...
Mortgage Rates 12-15-15
Mortgage rates are higher today due to yesterday's sell-off in the Bond Markets.  This was seen as a re-setting of the shorts, meaning that traders are positioning for mortgage rates to increase.  Bonds are weaker again today, and here is a re-cap of the past few...
Mortgage Rates 12-16-15
Today marked the day for the FOMC announcement.  As anticipated, the decision was to impose a 1/4 percent rate increase, citing economic data and projected increase in the overall growth of the economy in coming months.  There have already been several negative...
Mortgage Rates 12-17-15
Mortgage rates actually went down yesterday, even with the Fed hike.  The reason for this is that the rate hike has to do with the Federal Reserve's Target Rate.  This rate is what other banks get charged to borrow money.  This Federal rate is important when...
Mortgage Rates 12-18-15
Today mortgage rates are lower still, as the short term market is experiencing a nice rally.  This is probably a result of defenses coming down a bit, and tensions easing about the Federal Reserve's announcement earlier in the week.  Bond markets are moving...
Mortgage Rates 12-21-15
Mortgage rates continue to drop as the week starts out.  This week, being the holiday week, should be typically slow.  We do have plenty of data being released his week, so it will be interesting to see what has a bigger impact, the data, or the early close for the...
Mortgage Rates 12-23-15
Mortgage rates are slightly higher today.  All in all, the bond markets have been relatively flat over the holiday season.  The 10 year yields have been trading between 2.12 to 2.36.  The medium term averages (1-4 months) have stabilized to a narrow range between...
Mortgage Rates 12-28-15
  Bond markets are in holiday mode, which means that they are pretty well on cruise control.  Momentum continues to be relatively flat.  Markets will be closed on New Year's Day, and will be closing early at 2PM EST on Thursday.  In terms of data,...
Mortgage Rates 12-29-15
Mortgage rates today remain relatively flat, which is to be expected this time of year.  Bond markets are responding to the limited data by way of a small break towards the ceiling of their recent trading range.  This may or may not be a significant move, as last time...
Mortgage Rates 12-30-15
Mortgage rates are slightly higher today, with the exception of the FHA 30year fixed rates, which have remained static.  Today there isn't much relevant data, with the exception of the 7 year note auction, which will mark the end of the week in the grand sense,...
Mortgage Rates 12-31-15
Mortgage rates today are down just a nudge from yesterday.  Most market participants made any final end-of-year decisions in the days immediately following the FOMC announcement in mid-December.  The data released today that could potentially have an impact...
Mortgage Rates 01-04-16
This week is the first trading week in the New Year, and the year is starting out with a heavy calendar of data.   Bond traders across the board are setting up their trading positions, and this can cause some impact as the trade flow is markedly increased at the beginning of...
Mortgage Rates 01-05-15
Bond Markets saw the lowest rate in the past two weeks yesterday.  This was due to influence from overseas.  Aside from the 5/1 ARM prices, the rates across the board aww anywhere from .03% to .07% decrease, which is significant.  Today there is nothing coming in...
Mortgage Rates 01-06-16
Mortgage rates today are slightly higher today than yesterday.  Similar to yesterday, the sell-off in the equities markets resulted in a flight to safety in the bond markets.  We also saw global markets, namely Asia, Europe, and the US all walking in line with...
Mortgage Rates 01-07-16
The bond markets had an eventful overnight session, and things seem to be calming down as the day progresses.  Economic trouble in China is likely responsible for this "flight to safety" or it could also be an after-effect of the trade flows of the New Year....
Mortgage Rates 01-08-16
Mortgage rates today are still inching lower due the recent rally in the bond markets.  The motivation has been recent events concerning the global economy, as well as massive selling of stocks occurring at home and overseas yesterday.  It is common knowledge that...
Mortgage Rates 01-11-16
Mortgage rates continue the trend that they have been on for the last week and a half.  This fall in rates that we have seen since the first of the year is bound to cease at some point.  This current week may prove to be the week that things shift direction. There is fresh...
Mortgage Rates 01-12-16
Today we see the mortgage markets shift ever so slightly, with rates inching up a few ticks.  It appears that the manufacturing report that came out of China earlier in the year had an unprecedented impact on the domestic market.  We can also give some credit to the...
Mortgage Rates 01-13-16
Mortgage rates fell sharply after yesterday's surprising bond rally.  This rally was likely the result of the fact that so many market participants are betting on rates moving higher, and when several traders are wagering on the same outcome, markets tend to...
Mortgage Rates 01-14-16
Rates today are pretty flat, after the runaway rallying that has been happening earlier in the month.  It seemed that traders has a set plan of action coming into 2016, which was to push rates higher heading into the new landscape post Fed announcement in December....
Mortgage Rates 01-15-16 - Lender411.com
Mortgage rates are lower today by a significant amount.  The big market movers have not been domestic data.  We know this because last week's ADP and NFP reports failed to make an impact.  This week has been more of the same.  The only chance for this week...
Mortgage Rates 01-19-16 - Lender411.com
Mortgage rates are higher today.  In mortgage market news, the trend so far in 2016 is for the stock and bond yields to be moving in unison.  This doesn't always happen, and may be a short term occurrence, but the stock movements have set the tone in the bond markets...
Mortgage Rates 01-20-16 - Lender411.com
Mortgage rates are higher again today.  This has been the worst January on record for the equities markets.  Stock market negativity and a decline in oil prices have set the bond market on fire.  Simply put, the money from the surge in equities/commodities...
Mortgage Rates 01-21-16
Mortgage rates are lower today across the board.  Bond markets have been rallying in the wake of the stock sell off that we have seen in recent days.  This is because bonds are looked at as a "safe-haven" investment.  This has much to do with their...
Mortgage Rates 01-22-16
Rates are pretty flat today compared to yesterday.  In the mortgage markets, there is some debate over whether or not we are going to see a bounce in the bond markets.  Technical information indicates that we are seeing a shift in the stock market.  Seeing as...
Mortgage Rates 01-25-16
Mortgage rates are mixed today, some programs have inched up, and some have dropped.  The week is off to a slow start, as many trading participants have been affected by the massive snowstorm on the east coast.  It seem that, even in lieu of a lower participation rate,...
Mortgage Rates 01-26-16
Mortgage rates have dropped a few percent from yesterday.  The idea of the bond markets having a bounce has faded, as this week unfolds.  It appears that the stocks, oil, and bonds have has a shift in momentum, and this is likely because they are looking for the next key...
Mortgage Rates 01-27-16
Rates today remained largely the same as yesterday, with the exception of small movements in the Jumbo 30-Year Rates and the 5/1 ARM Rates.  The market has been in a bit of a standstill over the past couple of days in anticipation of today's Fed announcement....
Mortgage Rates 01-28-16
Mortgage rates are again lower today.  The bond market is struggling to make further improvement.  The 10 year yields down to 1.98, and they have not been able to go down below that number, despite many attempts.  This is a technical indication of what is known as a...
Mortgage Rates 01-29-16
Mortgage rates today are lower in all areas except the 5/1 ARM rates. There is an intriguing shift in the bond markets, whereas the pattern of following oil and stocks known as the "stock lever" has been broken, and now bonds still holding their ground, even as stocks...
Mortgage Rates 02-01-16
Mortgage rates this week could face a bit of volatility.  The first week of the month typically contain many several pieces of data that will dictate the direction that rates will go.  The main influencer this week will be the Non-Farm Payroll report being released...
Mortgage Rates 02-02-16
The recent bond rally has pushed mortgage rates even lower, which is a good thing, but also at the same time has everyone wondering when this good news is coming to an end.  If we compare January 2016 to January 2015, we see some striking similarities.  The behavior int...
Mortgage Rates 02-03-16
Mortgage rates continue to move lower as the bond market rally continues.  The trend is still continuing, despite economic data released today.  We saw two big reports today (ADM Employment and ISM Non-Manufacturing).  As of late, the bond market has been...
Mortgage Rates 02-04-16
Rates are yet lower again today, as yesterday the bond markets were stuck between two sources of inspiration.  Those two sources being stocks/oil, and domestic data.  Yesterday the ISM data sent bonds lower, before the bounce in oil prices sent them back up again....
Mortgage Rates 02-05-16
Mortgage rates are pretty flat today, and that is likely the result of some pre-NFP report consolidation.  NFP actually may not be as big of a deal as it has been historically, as the market seems to have it's sights on other data, considering that employment metrics...
Mortgage Rates 02-08-16
Mortgage rates are officially the lowest that they have been in a whole year.  This much movement in one day is very rate, and is only seen about 20 days of the year... if that.  Many 30 year fixed rates are offering quotes to top tier borrowers at 3.65%.  The message...
Mortgage Rates 02-09-16
Mortgage rates fall even lower today as bank stocks seem to be the motivating factor.  Of particular interest was Deutche Bank, which pointed out costs of protecting the institution from default, and the rising costs of doing so.  The European bank stocks took a...
Mortgage Rates 02-10-16
Mortgage markets are continuing to react to global distress, and rates keep pushing lower.  It seems that the bond markets, as well as the stocks and commodities all expect the economy to have a downturn.  Being that rates are making their way into the mid-3's,...
Mortgage Rates 02-11-16
Mortgage rates today are flat compared to yesterday.  Reports today consist of the Initial Jobless Claims and the 30-Year Bond Auction.  Looking at the big picture, it has been quite an interesting year so far for bonds.  In January, stocks and bonds were...
Mortgage Rates 02-12-16
Mortgage Rates today are markedly higher than they have been.  It looks like the bond rally has finally come to an end, for now anyways.  This is a classic example of corrective movement after a substantial run.  The jury is still out as to whether or not this...
Mortgage Rates 02-16-16
The mortgage markets are continuing on the same road that they left off last Friday.  This could just be a consolidation effort after the rates fell sharply over the first part of February.  It could also mean a larger scale trend is beginning. The economic data that...
Mortgage Rates 02-17-16
Today's rates are slightly higher than yesterday.  This could be confirmation of the supposed "bounce" that is being talked about, or it could also be a reaction to something else.  US Equities markets are trying to catch up to the Asian equities...
Mortgage Rates 02-18-16
 Mortgage rates today are again higher, which is making this recent trend look less like a "healthy correction" and more like a legitimate bounce.  In 2016 so far, the global financial system has been moving in unison, both in the way of peaks and valleys....
Mortgage Rates 02-19-16
Today the bond markets started out in positive territory coming out of the overnight session, but after the European stocks and bonds lost footing, US bond markets followed. As the day unfolded, a strong CPI report helped bond markets out a bit, and then stocks and oil began...
Mortgage Rates 02-22-16
As we head into month-end, bond markets are expected to perform well.  It's been a decent year for bond markets.  10 year yields began at about 2.30 and fell to 1.53 a couple of weeks ago.  That kind of downturn happens only maybe once a year.  The strong...
Mortgage Rates 02-23-16
Bond markets have been weaker over the past several days, still within a narrow trading range.  This pattern implies that the mortgage markets are waiting for the release of new inspiration.  Technical data indicates that the momentum for bond markets died down a...
Mortgage Rates 02-24-16
Today's mortgage related reports aren't typical market movers.  We see the release of the Mortgage Market Index, MBA Purchase Index, Mortgage Refinance Index, as well as the New Home Sales and the 5-year note auction.  Of these reports, the most likely to...
Mortgage Rates 02-26-16
Bond markets continue to be resilient amidst gains in oil and stock markets.  Bond markets have followed oil and stocks for much of 2016, however there are other considerations at play.  For example, when the Bank of Japan cut thier rates in the latter part of...
Mortgage Rates 02-29-16
Mortgage rates today are slightly higher than they were on Friday, but the focus really comes down to the analytics behind the rates.  There is an ominous trend in the bond markets.  The correlation between the 10 year yields and the 2 year yields has been shifting...
Mortgage Rates 03-01-16
The bond markets are continuing their sideways trek that has ensued recently.  The motivations for bond markets this year have largely been the Stock/Oil prices, as well as economic data, both domestic and overseas.  What we see happening is that while equities...
Mortgage Rates 03-02-16
Bond markets got hit from several different angles yesterday.  The ISM report that was released at 10:00am, prompted a surge of weakness bond markets.  Oil as well as stocks started to perform well also, adding pressure to the bond markets.  The S&P gained...
Mortgage Rates 03-03-16
Mortgage rates climb higher again today. There is a pretty simple explanation for the trend that we are seeing so far this year. It dates back to February, when the 151k NFP report hit the presses. Things continued to go downhill after Yellen acknowledged that the Feds were...
Mortgage Rates 03-04-16
Looking at the rates, we wound up with a flat day yesterday after mortgage backed securities outperformed in the face of the lack of volume and inspiration.  The much anticipated ISM data that hit the markets at 11:20am yesterday failed to elicit a response in the markets....
Mortgage Rates 03-07-16
After several sideways days, mortgage rates are heading in an upward trend.  This is more of a pronounced bounce than a typical corrective or consolidation trend.  It appears that the rise in oil and stock prices is now hurting the bond market rather than helping,...
Mortgage Rates 03-08-16
We finally see some green in the mortgage rates today after the last several days of higher rates.  This was undoubtedly caused by a surge in oil prices, coupled with the issuance of corporate debt early in the day yesterday.  It's important to remember that we...
Mortgage Rates 03-09-16
Bond markets are looking for footing ahead of tomorrow's announcement coming out of the European Central Bank.  Chinese data and a strong rally out of Japan are causing traders to move to short trading positions, meaning they are covering their losses, and betting...
Mortgage Rates 03-10-16
Mortgage rates have moved higher today, and market participants are busy digesting the European Central Bank policy changes that Draghi announced this morning.  At 7:45am, the press release hit the markets, confirming changes that will loosen the ECB policies in...
Mortgage Rates 03-14-16
Mortgage rates have inched up today, and we expect to see some consolidation as we head into a big ticket week for the mortgage markets.  The fun starts tomorrow with the Bank of Japan releasing its own announcement regarding policy.  Then we have the FOMC minutes...
Mortgage Rates 03-15-16
In the domestic markets, we have the release of the Retail Sales Report, as well as the NY Fed Manufacturing data, and the NAHB Housing Index.  In bigger news today, as we opened the day, we were feeling the global reaction to the Bank of Japan policy announcement.   The...
Mortgage Rates 03-16-16
Yesterday the Fed began the process of finalizing the details of today's policy announcement.  The data to be released this morning won't be a major factor in the decision, but will matter over the large scale picture. The announcement today will contain the up...
Mortgage Rates 03-17-16
Today may actually mark the end of the negative momentum in the bond markets.  The day started off on the heels of yesterday's post-fed rally.  Today's economic data came out stronger than was expected, and we are still holding our ground.  Of course,...
Mortgage Rates 03-18-16
Bond markets had to find thier own sense of inspiration today, due to the lack of domestic data.  The bond markets are trying to confirm that  the shift in direction will be ongoing.  At this point we have had five consecutive days of lower closing yields in the...
Mortgage Rates 03-21-16
Mortgage rates are starting the week out higher.  This is due to the fact that oil and stocks have climbed higher since last week. This rate increase is creating doubt as to whether or not last week's shift is a legitimate bounce or not.  Last week four out of five...
Mortgage Rates 03-22-16
Mortgage rates today remain largely unchanged on the day, as bond markets are looking to prove or disprove the direction rates will take.  Last week, we saw the rates fall for several days ina row, then reversed direction.  The stock and bond markets both lost some...
Mortgage Rates 03-24-16
Today mortgage rates gained a few percent across the board as bonds lost ground.  The net result on the week is unchanged.  10-year yields are back to 1.80, which is where the week began.  The trading week is over, as markets closed at 2pm EST today, and are to remain...
Mortgage Rates 03-28-16
Bond markets are continuing on their sideways trend, seemingly looking for motivation.  This week the domestic reports should bring enough to push the bond yields in either direction.  Today was the release of the Consumption numbers, tomorrow we have the Case...
Mortgage Rates 03-29-16
Mortgage rates today are lower across the board.  Since yesterday's economic data came in mixed and failed to inspire a move, bonds are looking to the NFP report for inspiration.  Some are already anticipating rates moving lower.  Federal Reserve Chair...
Mortgage Rates 03-30-16
Rates are again lower today, having surged immediately following Yellen's announcement yesterday.  It was a good day for stocks, as well as bonds, as Yellen confirmed that the Fed's position on being "data dependent" was a legitimate one, and also...
Mortgage Rates 04-01-16
Rates are continuing to drop over the last several days.  As of the close yesterday, we were at the lowest rates that we had been in a month.  Of particular interest is the correlation between Yellen's Fed update and the frenzy immediately following with...
Mortgage Rates 04-04-16
Mortgage rates are steady today, maintaining at the lowest levels in about 6 weeks.  Most lenders are settings 30 year fixed rates at 3.625 for top tier borrowers, with slight variations per lender.  Today brought nothing significant by way of data, and things seem...
Mortgage Rates 04-05-16
Mortgage rates today are continuing on their downward trend.  With the exception of the 5/1 ARM, we saw rates drop just a bit from yesterday.  This latest rally has been going for about 3 weeks, and is looking similar to the rally that began 2016 which lasted for twice...
Mortgage Rates 04-06-16
Today the mortgage rates jumped up slightly today due to various reasons.  Bonds started the day out in weaker territory. During the overnight session, oil, stocks, and European bonds hurt the US treasuries.  European markets sold off rather quickly today, which...
Mortgage Rates 04-08-16 - Lender411.com
Bond markets have had a positive run ever since the March 2016 Fed meeting. The bond markets, particularly the 10 year yields, are approaching some important technical benchmarks, which, once broken through, will give us more faith that the trend will continue.  These...
Mortgage Rates 04-11-16
Mortgage rates are relatively flat today.  Having started off the day in weaker territory, and found their footing at around noon.  Treasuries were impacted by corporate issuance, which helped MBS to outperform.  We didn't have much in the way of...
Mortgage Rates 04-12-16
Mortgage rates continued to be flat today, with the only blip in movement being seen in the 30 year Jumbo Rate. The most prominent news in the market today is the fact that German Bunds are operating on the high end of their trading range, apparently looking to stage a bounce....
Mortgage Rates 04-13-16
Mortgage rates are relatively unchanged today.  Yesterday brought a spike in the middle of the day, which may be perceived that the latest downward trend s coming to an end.  There may be a bounce in consideration. Trade flow has been a key motivating factor recently,...
Mortgage Rates 04-14-16
Mortgage rates rose slightly, for the second time this week. Rates are still "near" to the lowest levels we've seen in 3 years.  Much of the inspiration lately has been related to trade flow considerations and technical data.  Speaking of technical...
Mortgage Rates 04-15-16
Mortgage rates round out the week slightly above the recent lows.  We are still in the "lowest mortgage rates in three years" territory, so if you are thinking about locking, it wouldn't be a bad idea, all things considered.   Today's economic...
Mortgage Rates 04-18-16
Bond markets are still working diligently to break the negative trend that ensued after the FOMC Announcement on March 16th.  In order to confirm this change, we are looking at the technicals this week.  The initial break-through range is 1.80 and 1.84 for the 10 year...
Mortgage Rates 04-19-16
Bond Markets started the day in weaker territory, just under 1.80, and had a difficult time breaking through the holding pattern in any which direction. Oil and Stock markets (known as the "risk markets") improved during the overnight session.   Trade flow...
Mortgage Rates 04-20-16
Mortgage rates today have increased across the board.  The bond markets have been feeling the pressure over the last several days to make a move.   Bonds have been fairly resistant to change in the wake of rising stocks, oil prices, and the release of new corporate...
Mortgage Rates 04-21-16
Rates today are officially at the new one-month high.  This week alone has brought the fastest rise in rates since the beginning of March.  If this trend continues tomorrow as well, this could be the worst week for mortgage rates since Nov 2015.  Lenders are...
Mortgage Rates 04-22-16
Mortgage rates increased today again, bringing about some anxiety in the bond markets.  This week marks the third consecutive week of higher "highs" and lower "lows" in rates.  Those who study the technical trends of the bond markets are...
Mortgage Rates 04-25-16
Mortgage rates didn't budge at all today.  There was a lack of relevant data and nothing significant going on in the news, so the motivation was very scarce.  As the week progresses, there will be a policy announcement coming out of the Federal Reserve that is...
Mortgage Rates 04-26-16
Bond markets today seemed intent on continuing their slow and steady trek higher.  The only blip in the trend was felt when the Durable Goods report and the Consumer Confidence Report came in weaker than expected.  This impact was short lived, and the motivation for...
Mortgage Rates 04-27-16
The sound of relief can be heard from the bond markets, as well as from the stocks and oil markets.  The Fed announcement today didn't make any strong indication that rates were going to hike in the near future.  There was some verbiage which hinted that the global...
Mortgage Rates 04-28-16
Mortgage rates moved lower for the now second day in a row.  This is thanks to the PSR,  a term that MBS Live member Jeff Anderson coined to describe the Post-Supply-Rally.  This phenomenon happens following the end of the weekly auction cycle.  That day...
Mortgage Rates 04-29-16 - Lender411.com
Bond markets found their footing today, despite some volatility driven by the European markets in the overnight session.  This is a small victory for the bond markets, who, up until yesterday teetered on the edge of dangerous territory.  We won't really know...
Mortgage Rates 05-03-16
Today saw massive losses in Europe's Bank Stocks.  This set the tone for a great day for Domestic Bonds.  We saw the trading range go all the way down to a low of 1.782 before settling into a comfortable 1.80 to end the day.  Stocks and Oil lost ground today, and...
Mortgage Rates 05-04-16
Today was relatively uneventful in the mortgage market.  The overnight session brought very little movement in the bonds.  Upon the open in the domestic trading session, the ADP employment report came in weaker than was expected, which helped out bonds, but then...
Mortgage Rates 05-05-16
Bond markets are close to the lower range of recent trading levels, thanks to the momentum that has been in place for the last several days.  Not even the issuance of a hefty amount of corporate debt could sway the bond markets from their intent on moving lower.  It...
Mortgage Rates 05-09-16
Mortgage rates are literally one day away from being able to claim the title of being at "Three Year Lows".  While the consolidation effort continues in the bond markets, we haven't seen an upward bounce yet.  The overnight session was quiet, and...
Mortgage Rates 05-18-16
Mortgage rates have risen significantly for the second consecutive day as bonds continue to weaken.  The catalyst for this change was the strong message coming out of the Fed that a rate hike in June "would be appropriate".  The Fed has, up until this...
Mortgage Rates 05-19-16
Rates remained fairly unchanged today, which can be interpreted as a victory in the bond markets.  Two Fed speakers took the stage today,  Vice Chair Fischer and NY Fed President Dudley both spoke, and markets were waiting for either confirmation of Fed position,...
Mortgage Rates 05-20-16
For the second consecutive day following Wednesday's FOMC announcement, we see the bond market at a standstill.  There were some minor housekeeping trades, but other than that, it was a very quiet day.  In looking at the technical details and the trading...
Mortgage Rates 05-23-16
Bond markets start the week .  They haven't made any significant moves since last Wednesday's FOMC announcement.  The domestic data on tap was light today, and the market has very little motivation at this point.  In fact, the information coming out...
Mortgage Rates 05-24-16
Today's overnight session, namely 3am to 1pm Eastern Standard Time brought weakness in the US Bond markets, which continued throughout the day.  Market participants were hoping that the recent sideways trend would give way to some upwards movement, but this was...
Mortgage Rates 05-25-16
Bonds are still lingering around the higher end of the recent trading range.  Month end is usually a supportive environment for the bond markets as money managers typically purchase bonds as a part of routine housekeeping and to balance their books.  We have had...
Mortgage Rates 05-26-16
Bonds got a boost today from early month-end buying.  Mortgage rates are the lowest that they have been in over a week.10 year yields are at 1.83, which are down by 4.2bps.  The change today was inspired by traders' need to balance their portfolios at the end of the...
Mortgage Rates 05-27-16
Today was a half day for the financial markets.  These days leading into a holiday weekend don't generally produce much impact.  Bonds rounded out the day a couple of ticks higher than yesterday.  The only significant news coming out of the day was the...
Mortgage Rates 05-31-16
Bond markets started the day out in weaker territory as the reaction from Yellen's Friday comments was felt.  In the afternoon, however, a rally ensued after the results of the Brexit poll were released.  This poll was previously mentioned by Fed speakers and...
Mortgage Rates 06-01-16
Today in the bond markets, we had an opposite cycle compared to yesterday.  We were stronger in the overnight session, but weaker as the day progressed.  Morning put us in a 2 week low, however, the release of the ISM Manufacturing data caused that strength to fade....
Mortgage Rates 06-02-16
Today the focus was the European Central Bank, which confirmed a position which is very bond-friendly.  The ECB stated that rates will stay where they are at, or move lower through the end of their bond buying program (scheduled to end in March 2017.)  Following this...
Mortgage Rates 06-03-16
Finally, some positive news for mortgage rates!  Today was "NFP Day" as it is referred to.  The Non-Farm Payroll report comes out, detailing the number of existing payrolls.  The estimate for today's report was 164k, and it came in...
Mortgage Rates 06-06-16
In the mortgage markets, we saw the overnight session bring in some weakness.  After Friday's snowball rally, the effect from Yellen's speech wore off, and we are left in the lower end of their long term range.  Perhaps traders knew that this week was...
Mortgage Rates 06-07-16
Mortgage rates are slightly lower today than yesterday, having started out flat in the overnight session, then eventually finding some motivation from the European markets.  European markets are at all-time lows as the German Bund hit 0.048 today.  The ECB is...
Mortgage Rates 06-08-16
Today we continue to see some narrow consolidation continuing in the lower end of the trading range.  In fact, 10 year yields reached 1.697 today, which is the lowest that they have been all year.  Only four instances this year have 10 year yields hit this low number....
Mortgage Rates 06-10-16
The European markets led the way today, driving rates lower for the fourth consecutive day.  The panic surrounding the recent Brexit poll and global economic distress has led the European markets to a state of falling bond markets.  Domestic bonds have followed,...
Mortgage Rates 06-13-16
Today was a good day for bond markets and conversely, mortgage rates.  The "stock lever" kicked into action.  By stock lever, we are referring to the correlation between stocks and bonds.  Generally speaking, what's good for stocks is bad for...
Mortgage Rates 06-14-16
Mortgage rates are at a standstill today, after experiencing some lower rates this morning as European markets continue to dip even lower, now into negative territory.  The impact of the EU markets has always been a factor in US bond performance,, as it is an indication...
Mortgage Rates 06-15-16
Today we saw mortgage rates again unchanged.  The bond markets started out slightly weaker, and then returned to unchanged levels after today's FOMC announcement.  At this point in time, very few expected a rate hike to be announced today.  We mainly were...
Mortgage Rates 06-16-16
Mortgage rates moved lower again today, mainly as a response to yesterday's move in MBS (mortgage backed securities).  We are now hitting even further into 3 year lows.  The last time we saw MBS lead rates into all time lows was back in 2012, for similar reasons....
Mortgage Rates 06-17-16
Heading into the weekend, we see rates moving up slightly as bond are slightly weaker.  This weakness began in the early hours yesterday, and today was compounded by tradeflow related issues, and anxiety leading into the Brexit decision next week.  This is an...
Mortgage Rates 06-20-16
Financial market tensions surrounding the Brexit vote this week are driving rates up at a steep level. This week could be a volatile one, as the Brexit situation comes to the forefront.  Votes late last week suggested that Britain may in fact stay in the EU. We don't know...
Mortgage Rates 06-21-16
Mortgage rates are currently at the highest rate they have been in two weeks.  Last week's rally in the bond market was spurred by the sentiment that Britain would leave the EU.  Now that is shifting to a fairly even probability of Britain remaining in the EU....
Mortgage Rates 06-22-16
Token gains were seen today in the bond markets.  Markets opened up the day strong, and then once the European markets opened, the weakness started to set in.  It seems that markets were reacting ever so slightly to Brexit poll results and the strong 7 year treasury...
Mortgage Rates 06-23-16
Mortgage rates bumped up slightly higher in anticipation of the Brexit results.  Economic data had very little impact today.  Depending on the results of Britain's decision to stay in the EU, or go, markets can realistically move either way around 8-10 bps....
Mortgage Rates 06-24-16
Today we saw a massive landslide rally due to Brexit and Brexit only.  Domestic data was ignored, and markets saw the biggest movement since the February rally!  10 year yields hit 1.406 during the overnight session, and then came backup slightly to close in the mid...
Mortgage Rates 06-27-16
Mortgage rates are seeing new 3 year lows as the fallout from Brexit continues.  The 10 year yields have gone down 10bps, and the Fannie Mae 3.0 rose more than 3/8ths of a point.  We are still seeing the initial reaction, and most of the movement has occurred in the days...
Mortgage Rates 06-28-16
The market continues to be driven by the post-Brexit fallout.  Two domestic reports were released today, namely Gross Domestic Product (GDP) and the Consumer Cofidence report. Neither of these reports made much impact.  Trading levels today were flat relative to...
Mortgage Rates 06-29-16
Mortgage rates dropped slightly today compared to yesterday.  The bond markets performed well within the post-Brexit trading range.  That is, until the afternoon.  When 3pm EST hit, multiple factors contributed to a spike in Treasuries, and eventually MBS...
Mortgage Rates 06-30-16
Mortgage rates finish out the second quarter strong, dipping lower into 3 year lows.  Federal spokesperson Yellen made a comment a couple of weeks ago that rates could be seeing a "new normal" in terms of lows.  This new norm is being shaped by the Brexit...
Mortgage Rates 07-01-16
In keeping with the theme for the week, EU drags Bonds down even further today.  We are still holding strong heading into the 3 day weekend.  The main motivator today was the news coming out of the European Central Bank (ECB).  They are considering changing the...
Mortgage Rates 07-05-16
Mortgage rates dropped again today, bringing several lenders down to a 3.25% rate for a 30 year fixed conventional loan.  The last times rates hovered around this number was back in late 2012.  We are on a current run of 7 days, and rates may go lower, but not without some...
Mortgage Rates 07-06-16
Mortgage rates drop again today for the 8th consecutive day.  Rarely has a drop in rates exceeded this long of a rally.  We may be in for a bounce, or at least a pause.  The jobs report is due out Friday, and depending on the outcome of the report, the Fed may be...
Mortgage Rates 07-07-16
Well, it finally happened.  Rates are up slightly today, breaking the 9 day willing streak.  In mortgage terms, anything over 5 days of gains in the bond market warrants a bounce in the opposite direction.  Bonds started out the day in weaker territory from the...
Mortgage Rates 07-08-16
Today marks the end of the week, and since it was NFP day, the big focus was on the employment report known as Non-Farm Payroll.  The estimated number of new payrolls was 170K, and the actual data indicated 265K new payrolls created, This is a substantial difference, and...
Mortgage Rates 07-15-16
Mortgage rates have been climbing this week, which was predicted after the landslide we had seen previously.  Today was a little uncharacteristic, in that bond movement suggested a move higher in rates, and the mortgage rates held relatively steady.  This is a...
Mortgage Rates 07-18-16
Mortgage rates crept up slightly from Friday.  We are approaching "pre-brexit" rates, and while this correction is being viewed as just that (a correction) we can't say for certain that it's a legitimate bounce.  We can expect to see small...
Mortgage Rates 07-21-16
Mortgage rates today are higher than they have been in almost a month.  The last two weeks have brought slow but steady movements upwards.  Conventional 30 year fixed rates are widely being offered at 3.5% for top tier mortgage scenarios.  This current week has...
Mortgage Rates 07-22-16
Mortgage rates didn't budge today. in fact, they have been sideways all week.  Bond markets started off the month at all-time lows, than had a pretty significant correction all last week.  This plateau is a leveling off from that correction.  This...
Mortgage Rates 07-25-16
Mortgage rates are virtually unchanged again today, as bonds have been trading in an exceptionally narrow range.  Indecision in the bond markets coming into a week of announcements that could have a significant impact on the market.  Both the Fed and the Bank of...
Mortgage Rates 07-28-16
Mortgage rates are lower today for a couple of reasons.  The Fed Announcement yesterday was fairly uneventful.  All eyes were on the Fed, looking to see whether or not they would make an indication of an impending rate hike.  Since the clear message of intent to...
Mortgage Rates 08-04-16
Bond markets experienced some positive momentum today due to some pretty major changes in policy coming from the BOE (Bank of England).  This morning the BOE cut it's key lending policy from .5 to .25.  This rate cut marks the first of it's kind since 2009....
Mortgage Rates 08-05-16
Mortgage rates climbed at the fastest pace in over three weeks today.  The is due to the employment report that came in markedly higher than expected.  This is especially important because June's employment report came in astoundingly weak.  July's...
Mortgage Rates 08-09-16
Bond markets began the week in perilous territory.  We had last Friday's stronger than expected jobs report, which pushed yields back towards pre-Brexit ranges.  In addition, we had supply increasing, both in terms of corporate bonds and treasury auctions....
Mortgage Rates 08-11-16
Bond markets remain within the recent range due to influence from overseas.  We started out the domestic trading session in hopes that we would break through the lower boundary of 1.52% (in 10 year yields), however, the overnight session brought nothing exciting....
Mortgage Rates 08-12-16
The theme for the day is domestic economic data.  Today bonds had a great day, rallying as one report after the other provided confirmation of a weak economic state.  We had been trying to break the lower barrier of the recent trading range, which indeed occurred...
Mortgage Rates 08-17-16
The bond market today didn't make any major moves outside of the recent range.   The FOMC Minutes had very little impact on rates today, in fact, they improved slightly afterwards. Domestic data was light today, and most of the inspiration comes from the European...
Mortgage Rates 08-18-16
Mortgage rates are slightly lower today, as yesterday's gains held strong.  The 10-year yields had been repeatedly trying to push below the 1.54% level, and then finally achieved that goal as the day progressed.  Mortgage rates had been sideways at best coming...
Mortgage Rates 08-23-16
Today we saw bonds relatively unchanged.  The massive improvement in New Home Sales surprisingly didn't inspire any movement downward in bonds, rather the move following the release of new home sales data actually was an improvement in MBS.  Treasuries gave...
Mortgage Rates 08-29-16
Mortgage rates have fought their way back down from their highest rates in several weeks. Rates spiked following the Jackson Hole Symposium on Friday.  The markets took the comments out of the Fed as an indicator that a rate hike (or two!) in 2016 was still likely.  One...
Mortgage Rates 09-01-16
Bonds started out the day in weaker territory, due to the re-allocation of funds drivin by start of month trading positions.  This also likely was the result of the higher labor cost data, which came in at +4.3 vs the anticipated +2.1.  The saving grace for the day came in...
Mortgage Rates 09-07-16
 Both Mortgage Backed Securities and Treasuries held steady today in anticipation of tomorrow's ECB announcement.  Recently, Global monetary policy has been the driving force for market movement.  The top three players in the global economics game...
Mortgage Rates 09-09-16
It's safe to say that the sideways trend has been broken.  Yesterday's announcement from the European Central Bank indicated that the financial markets may be making a change, specifically tightening up on thier "allowance" and making lending...
Mortgage Rates 09-13-16
Today marks the 4th day that we've seen rates being pushed up and through the post-Brexit range.  Bonds had been going along a path of consolidation previously, and now it looks like they are moving.  This is the most serious looking move that the bond markets...
Mortgage Rates 09-15-16
Today in the mortgage markets, we had a couple of different elements affecting the outcome. Firstly, the opening of the NYSE at 9:30am EST started with some volatility in the bond market.  The gains yesterday appeared to be the result of bond traders...
Mortgage Rates 09-16-16
Mortgage rates are very flat today.  Today there isn't too much to report, aside from the fact that today's CPI report came in as expected.  Had the report been either stronger or much weaker than projected, markets may have had somewhere to go.  Having...
Mortgage Rates 09-21-16
Today the bond markets reacted to some statements made from the Fed indicating that rates are to remain lower for a longer period of time.  This change in the Fed's positioning was expected to some degree across market participants, but the news incited a mini-rally...
Mortgage Rates 09-28-16
Today in the mortgage markets, we finally saw a break from the 6 consecutive days of improvements.  Most lenders are now pricing in around 3.375% for top tier scenarios, with some lenders still quoting out 3.5%.  In the greater picture, we are still near historic lows,...
Mortgage Rates 09-30-16
Today the morning started out calm and in stronger territory.  As soon as the 9:30ET Stock exchange opened, the pressure to sell set in.  As widely reported by the media, the culprit was the Deutche Bank's DOJ fine being lowered from 14 billion to 5 billion....
Mortgage Rates 10-04-16
Bond markets reacted in a pretty big way to today's headlines regarding the European Central Bank's determination on the reduction of asset purchases.  This means that Draghi may be limiting the ECB's bond buying program.  These types of news...
Mortgage Rates 10-05-16
Mortgage rates continue their upward trend as concerns over the much talked about "taper tantrum" dominate the mortgage landscape.  Bond markets started off the day in a weaker position due to a pronounced weakness in Europe.  This weakness was...
Mortgage Rates 10-07-16
Today was "NFP" Friday, on which the much anticipated 'Non-Farm Payroll" report gets released.  This report (generally speaking) has the ability to make waves in the bond markets.  Today's report came in pretty strong, with an overall...
Mortgage Rates 10-12-16
Bond markets are fighting what some would say is the inevitable.  European weakness inspired some drama in the overnight session as EU bonds continued to sell off. This has been one of the major factors driving the US rates up for several days now.  British yields are...
Mortgage Rates 10-13-16
Mortgage Rates are a tad lower today, which comes as a relief after 10 consecutive days of higher rates.  The victory is not so much in the numbers themselves, but rather the idea thast we are finally seeing this last trend turn around (or at least take a break).  Of...
Mortgage Rates 10-17-16
Things in the bond markets have been slightly more positive in the last few days, but not positive enough to calm fears about the direction of the big picture.  Speaking of the bi bog picture, the bond market has been taking most of it's cues from the European trading...
Mortgage Rates 10-24-16
Mortgage rates this week could face some volatility at the end of the week as the data leading up until then is relatively light.  The two reports that we are watching are Durable Goods reports, and the Advance GDP.  These are both strong indicators of economic...
Mortgage Rates 10-25-16
Rates stayed completely still today, sort-of.  The overnight trading session brought some weakness when a big seller decided that it was time for a sell-off.  10 yer yeilds rose at that time from 1.76 to 1.788 within half hour.  The rest of the market participants...
Mortgage Rates 10-27-16
Bonds are now at the weakest levels in 5 months.  Just when we thought we saw the 1.80% "ceiling" earlier in the week, we were sadly mistaken.  We finished out the day at 1.85% for 10 year yields, having reached a "high" of 1.87% mid-day.  How did...
Mortgage Rates 11-18-16
Mortgage rates continue to rise in a runaway selling spree that began with the presidential election. In short, the Trump victory led market participants to conclude that there would be decreased regulation, increased spending, trade policy changes, and lower taxes....
Mortgage Rates 11-14-16
Mortgage rates for a 30 year fixed conventional home loan are now at the 4.00% mark.  Last time we saw this kind of movement at this kind of pace was 1987.  2013 experienced a similar pattern.  In 2013 the end result was a higher rate over the following weeks and...
Mortgage Rates 11-16-16
Today the bond markets ended the day flat, which in reality was a victory in the wake of the post-election spike.  We started the U.S. trading day in weaker territory, and thanks to the weaker Producer Prices report and Manufacturing Data, as well as the EU market, we had a...
Mortgage Rates 11-18-16
The theme for the day is INFLATION. More than any other concern (market data, ECB policy, and potential Fed hikes) is the idea that inflation is in the near future.  Every time the Trump administration talks about proposed policy, the end result always leads to fears of...
Mortgage Rates 12-27-16
Today was the slowest day of the year for bond markets.  This may be attributed to the holiday week, but at the end of the day, it means that nothing major is happening in the bond markets today.  Traders are just trying to maintain the status quo post-Fed, and due to the...
Mortgage Rates 01-03-16
Today the bond markets relax following the release of large amounts of corporate data. Bonds were at their highest levels of the day following the corporate bond issuance, as well as the ISM Manufacturing data, which was longer than expected.  By 10:15 am, 10 year yields...
Mortgage Rates 01-17-17
Bonds had the "best" day in many regards since late November, specifically November 29th.  There were a couple of reasons for this.  Firstly, Thursday and Friday of last week, heading into the three day weekend, traders were getting out of the market....
Mortgage Rates 02-10-17
Bond markets experienced a pretty slow day today.  Starting out in the overnight session, there were two key influencers.  Firstly, the currency fluctuations affected the first part of the session, followed by weakness in the European Bond markets.  Once...
Mortgage Rates 02-23-17
Mortgage rates this morning are relatively flat compared to yesterday.  Yesterday's trading session started out with European news that Francois Bayrou announced his candidacy.  Bonds began losing their footing after this announcement, and then the Fed...
Mortgage Rates 03-09-17
Today marks the 9th straight day of weakness in the bond markets, and the chatter about a Fed rate hike started the trend last week.  This week the economic data added to the drama, in particular the ADP employment data.  Today started out with pressure which...
Mortgage Rates 03-15-17
Today, mortgage rates were steady despite the improvements in the bond markets. Usually, improvements in the bond markets directly correlate with improvements in mortgage rates. Lenders are weary of tomorrow's big Fed announcement. Lenders do not want to be held...
Mortgage Rates 03-24-17
The healthcare vote was the main event today, as market participants were aware than the healthcare bill would bring about a drop in rates.  Ina wild turn of events, the bill was postponed out to a later date.  This still gives the illusion of hope that the bill could...
Mortgage Rates 03-28-17
Today brings the week's first major economic data. Before that, we'll get an update on home prices from Case-Shiller. Several recent Home Price Indices suggest a big-picture shift away from stable-to-accelerating price appreciation. 5yr...
Mortgage Rates 04-12-17
Mortage rate continued to lower today, bringing them into new lows for 2017.  Bond markets got a boost from Trump's comments on the strength of the US Dollar putting downward pressure on rates.. Lenders are evenly split between 4.0% and 4.125% yesterday...
Mortgage Rates 04-14-17
Heading into Good Friday weekend, it's common for bond markets to retrace whatever the trend happened to be earlier in the week.  In other words, if bonds were rallying (as they were this week), they tend to stop rallying.. That same pattern looked to be...
Mortgage Rates 04-17-17
Today was destined to be a lower-volume session because it's the Monday after Good Friday. That means many US market participants are still out of the office and the entirety of European markets is closed for Easter.. Bookmark this page for mortgage rates:. • 30 year...
Mortgage Rates 04-20-17
 "Consolidation" as far as financial markets are concerned, consolidation is what follows a sustained move in certain direction.  This tends to take the shape of "correction" (a push back in the other direction) at first,...
Mortgage Rates 04-24-17
Markets have been transfixed by this weekend's French election. If Le Pen wins, the apparent reaction will be good for bonds and bad for stocks, she's seen as a potential risk to the long-term stability of the European Union.  It's not her political...
Mortgage Rates 04-26-17
The order of the day and week for domestic bond markets will continue to be the break out from the trend toward lower rates.  After the election results came out, it became clear that we'd be looking at another challenge of the trend.  Monday and Tuesday add...
Mortgage Rates 04-28-17
Mortgage rates did not change today, still holding onto modest improvements that were seen yesterday. The past 2 days show that the rates are in limbo close to the lower end of the post-election range. The rates are were lower mid-April and are much closer to recent lows than...
Mortgage Rates 05-02-17
Mortgage rates are slightly higher today but still inline with the days prior. This trend stands out compared to the last trend that had taken rates lower since the middle of March. The best levels of the year was April 18th. At that time, most lenders were quoting conventional...
Mortgage Rates 05-04-17
Markets are starting drift in the direction of their next most-desired direction.  Defining "most-desired" is tircky because it can often be the case that bonds don't know exactly which direction that will be until they get all the data.. The next 4...
Mortgage Rates 05-08-17
The event andd economic calendar is light this week. Import/ Export Price data and the 10 year Treasury auction are potential market movers. Friday hosts the only top tier economic data in the form of Retail Sales and April's Consomer Price Index.. The uptrend that has been in...
Mortgage Rates 05-10-17
Since mid-April, rates have been treding higher, every da of gains has the potential to become the turning point in the trend. There is more improvement needed to conclude the negative trend is over.. Ideally, we'd need to see another day of strength tomorrow in order to...
Mortgage Rates 05-12-17
This morning's economic data has potentially initiated the bounce that we hae been waiting for. We would need to see another day or two of similar behavior to confirm the bounce, as with any single day rally momentum in bond markets. Things may change by the end of the day but...
Mortgage Rates 05-15-17
Last Friday marked a potential change from the past higher rate trend that we've seen since mid-Spring. We see that 10 year yields are now below the notable trendline. We see the same happening with the middle Bollinger Band. However, we have to remember that the overnight...
Mortgage Rates 05-18-17
When bond markets have a day like they had yesterday, it's often followed by a correction. If there is a true rally, there would be a temporary correction, lasting one day and wouldn't erase more than half of the previous day's gains. In the case of a head-fake rally,...
Mortgage Rates 05-23-17
Yields have risen modestly over the last 3 trading sessions. The 2.23%-2.25% range over the past few days looks good if we take a few steps back from the narrow time frame and think about the broader recent context.. Are the 2.23-2.25% yields indicative of more strenght to come...
Mortgage Rates 05-25-17
Tuesday introduced the possibility that yields were opting for upward momentum after bottoming out. The case would have been closed on the momentum reversal if we had seen additional weakness yesterday.. Whatever happens in the part of this week should have little...
Mortgage Rates 05-30-17
With only four tading days this week they still bring a more vulnerable economic data lineup compared to last week. The economic data will decide which technical zone we visit with just one solid rally or one brisk sell-off.. There are numerous important economic...
Mortgage Rates 06-02-17
Today's significant data point and the most significant piece of scheduled economic data every month is NFP. It is a dominant force in guiding "big-picture" trading themes, especially when the economy is in the state of change.. Bookmark this page for mortgage...
Mortgage Rates 06-05-17
Looking at the week ahead, there are a few key events to come on Thursday. The first and least potent of the three market movers is the Britsh Prime Minister May's call for an early election.. The European Central Bank Announcement is the second event. Although there...
Mortgage Rates 06-12-17
Due to the plethora of data and scheduled events this week, it would be miraculous to not see some type of reaction in the bond markets. This would include Wedesday's Fed events and Yellen's press conference. There is also a raft of scheduled economic data set to release...
Mortgage Rates 06-14-17
By following the bond market, it is clear that the Fed is the most reliable explaination for shifts in momentum. Today brings the most robust sort of Fed announcement. the releases its economic projections on 4 of the 8 meetings each year.. With today's Fed rate hike basically...
Mortgage Rates 06-16-17
Today, the bond markets might not have a stellar performance. The ongoing rally has been confirmed. . Considering that we're beginning the day in stronger territory and yesterday was the first time all year we have seen a consecutive close under 2.17%, we are far from...
Mortgage Rates 06-19-17
The last 3 trading sessions were 3 out of the 5 lowest closes for 10 year yields in 2017. The potential bounce that took shape after last week's Fed announcement was pushed back by Friday's strength.. We witnessed the year's best levels on Wednesday morning, so there...
Mortgage Rates 06-21-17
Oil prices are falling into new lows for the year and according to financial media, is the inspiration for everything. Oil prices not only matter but have a varying level of impact on stocks and bonds as well. . Markets hang on to the oil account as a clarification for market...
Mortgage Rates 06-23-17
Bond market trading have been a bit boring and flat this week. It may be due to the first week of summer and it's the kids first week out of school. Either way, it is a week without much significant economic data. . This can all change quickly of course. There are no guarantees...
Mortgage Rates 06-26-17
Last week did not provide significant economic data or market moving events, the current week may be different. There are other important reports throughout this week including a key inflation report on Friday. . Outside the above-mentioned scheduled events,...
Mortgage Rates 06-28-17
Another day, another piece of practical news. New York Community Bancorp, Inc. announced the sale of its mortgage banking business and residential assets covered under the FDIC Loss Share Agreement to Freedom Financial. "Freedom will acquire both our...
Mortgage Rates 06-30-17
The point is that month-end creates seemingly random trades. Some of them could be bond buying and some could be bond selling. The randomness can be further worsened by the fact that it's not just bond markets that suffer from month-end trading needs...
Mortgage Rates 07-03-17
Mortgage rates continue rising at an uncomfortable speed for anyone looking to buy or refinance. Today was the 5th day in a row of quicker than average movement higher. It leaves the average lender at their highest levels in almost 2 month.. Bond markets and mortgage lenders will...
Mortgage Rates 07-05-17
The scheduled economic data and events today is light. That will change rapidly over the next 2 days. There my or may not be enough weakness for bond traders to get comfortable as buyers again. According to technical analysis, the suggested time is now.. Bookmark this page for...
Mortgage Rates 07-11-17
Over the past four trading sessions, bond markets have been stuck in narrow. This is a major withdrawal from the strong movement seen in the week prior. This week’s economic calendar is pretty light until the Producer Price Index on Thursday and the Consumer Price Index...
Mortgage Rates 07-12-17
Since June 27th, global bond markets have been on the run. Over the past few days mortgage rates have been holding in a narrow range near their highest levels in roughly 3 months. Lenders have hesitated to make meaningful adjustments to rate sheets despite some stabilityin...
Mortgage Rates 07-17-17
It is the middle of summer, the middle of the month and the economic calendar in the US is light. These are all reason for traders to wait until there is a more compelling reason to tune in. . The only impact we may see is the ECB, though it is highly unlikely they will be making any...
Mortgage Rates 07-20-17
Investors figured the ECB was debating on refraining from another extension in December, some investors are apprehensive they might start dropping bond buying sooner.  For the most part, traders just want to know how much guaranteed bond buying they can...
Mortgage Rates 07-24-174
Mortgage rates remained steady today. That leaves them as the lowest levels in July. The bond markets were exceptionally quiet today, especially for mortgage- related bonds.  Activity should increase a bit over the week. It is normal for bonds to be slowere on Mondays and...
Mortgage Rates 07-28-174
This week was all about Tuesday for bond markets. tha day woud be considered rather violent and took yields from about 2.25 to 2.34. We are waiting to break outside of Tuesday's yields before we can draw any conclusions on the next move. . Yesterday was net-positive for...
Mortgage Rates 07-31-174
Due it being the end of the month, we might see some random momentum. As for the week ahead, there is a slew of top-tier economic data, some being very important. . Tomorrow is the year-over-year Core PCE. As is typically the case for the first week of any given month,...
Mortgage Rates 08-03-174
Mortgage rates have been holding steady, keeping them in line with the best levels in just over a month. Which means, qualifies borrowers that are putting down more than 20% are seeing conventional 30yr fixed rates at about 4%. It is always recommended to compare...
Mortgage Rates 08-11-174
Inflation data became an outcast for most of the financial crisis recovery after the long reign of the most meaningful market mover. Now inflation data matters. Many market motivators have a tendency to ignore recent track records if it has consistantly been a certain way in...
Mortgage Rates 08-14-174
Are labor shortages getting worse? About a month ago, the National Association of Home Builders seized on the May Job Openings and Labor Turnover survey report as an indication that the constricted construction labor market might be relaxing. The report...
Mortgage Rates 08-24-17
Mortgage rates haven't moved much at all recently. Most lenders didn't move enough from yesterday for there to be any obvious transformation in today's rate sheets.  It's just another day with the lowest rates of the year.. In part, the...
Mortgage Rates 08-30-17
We have seen it before and we'll likely see it again. Bond markets (and most other markets) respond rapidly to some unforeseen headline, moving to levels they otherwise may not have seen, this tests the boundaries of whatever range we're following at the time.  ....
Mortgage Rates 09-01-17
Traders typically drop off at mid-day when European markets close. Today bond markets is a ghost town. Before that, yields had done a nice job of returning inside yesterday's trading range.. Regrettably, that won't prevent traders from selling bonds on...
Mortgage Rates 09-07-17
Consumer sentiment regarding whether it is a good time to buy or to sell a home continues to wander as rising home prices impact both. Fannie Mae said net optimistic replies in its August National Housing Survey (NHS).to whether it is a good time to sell rose 8 points...
Mortgage Rates 09-08-17
Bonds have been on a tear lately, simply breaking to the bottommost yields of the year this week after some probing efforts last week.  Geopolitical risk surrounding North Korea has been the centerpiece of the market's move away from risk, or so they say.. North...
Mortgage Rates 09-13-17
Mortgage rates are holding steady today, and slightly lower in some cases.  That is not entirely logical at first glance because the bonds that dictate mortgage rates proposed the opposite. Bonds did improve by the end of the day yesterday.  However, lenders did not...
Mortgage Rates 09-15-17
Yesterday's British shocker was an aggressive declaration from the Bank of England. There is a certain intangible importance surrounding all things British when it comes to financial markets. Before New York there was London, big decisions and big...
Mortgage Rates 09-19-17
The Fed Announcement Wednesday is one of the best-telegraphed in Fed history.  Multiple speakers have stated that the Fed will begin narrowing its balance sheet reinvestments at this meeting.  That means they'll be purchasing less Treasuries...
Mortgage Rates 09-26-17
Despite the fact that Treasury yields moved somewhat higher during the course of trading hours, today was another good day for bond markets.. With the 2-month rally and 2-week corrections having run their course, it leaves us waiting for the next move to...
Mortgage Rates 09-29-17
This morning bought one of the more significant inflation metrics for the US economy through the "Incomes and Outlays" report.  This report measures incomes and "outlays." This data also contains a PCE Price Index which is one of the first...
Mortgage Rates 10-06-17
The job’s report was much weaker than expected but the mortgage rates did move higher today. Those are two things that hardly ever go together.. The absurdity was made possible by the recent Hurricanes causing mayhem on the jobs counts for the month of September. Normally,...
Mortgage Rates 10-10-17
After waiting a day for trading to begin this week (due to yesterday's Columbus Day holiday), bond markets will stay in the same spectrum. We are waiting for the week's more relevant events and data. Those will begin tomorrow with two Treasury auctions and the Fed...
Mortgage Rates 10-17-17
Last Friday afternoon, mortgage rates were at their finest levels in roughly a month.  Since then, they have risen humbly over the past two business days. The day-to-day movement continues to be very tame, as it has been for a while now. The...
Mortgage Rates 10-19-17
Mortgage rates moved less than slightly lower today. Politics in Europe pushed stocks lower overnight and investors moved towards a safer haven asset, like bonds. The higher the demand for bonds rates get pushed lower, all things are equal.....
Mortgage Rates 10-24-17
Today's mortgage rates rose to a 3-month high after news reports show informal favortism towards the POTUS potental Fed Chairman, John Taylor. John is seen as being less rate friendly than his competing candidate, Jerome Powell. The market has been senstive about how the...
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