Mortgage News
Mar 28, 2014
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.Rallying stocks and a freshly reported sink in Consumer Sentiment for March mark the biggest activity this morning, as bond gains dropped off early on. Mortgage rates are down.Yesterday, final Q4 GDP reading came back at 2.6%, above the 2.4% gleaned from ...
Mar 28, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Initial Jobless Claims came back better than expected, though bonds barely budged from the data. At 311K - notably below the projected 330K - Claims knocked the four week moving average down 9.5K. The final Q4 GDP reading came back at 2.6%, above th...
Mar 26, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Mortgage Backed Securities are trading at tight levels this morning, jumping up before retreating back to original levels. Durable Goods data was not strong enough to drive bonds in either direction. Mortgage rates are relatively static. Yesterday&#...
Mar 25, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.The Case Shiller Price Index rose 13.2% year-over-year in January, a bit lower than the 13.3% expected. Equifax reports that first mortgages were up 2.8% from one year ago, marking the largest gain since September 2008.Wednesday is slower with Durable Go...
Mar 24, 2014
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.Little economic data today, but watch out for Tuesday's FHFA Home Prices, New Home Sales, Consumer Confidence, Case Shiller Home Prices, and the beginning of this week's Treasury auctions - $96 billion through Thursday. Wednesday is slower with Durable Goods, b...
Mar 21, 2014
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.Little economic data is out today and bond trading is relatively static. Mortgage rates are up across the board. Wednesday's FOMC announcement confirmed that tapering off $10 billion from the Quantitative Easing bond buying program will continue,...
Mar 20, 2014
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.Yesterday's FOMC announcement confirmed that tapering off $10 billion from the Quantitative Easing bond buying program will continue, and projections are pointing to QE's complete demise by this coming fall. Mortgage interest rates are up today.Weekly In...
Mar 19, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Today's FOMC announcement, scheduled for 2:00PM ET, is expected to be in line with continued tapering. The decision would bring the monthly bond buying to $55 billion, down from the $85 billion quantitative easing we saw months ago. Mortgage rates are stayi...
Mar 18, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.International headlines are dictating trading this morning in the absence of compelling domestic market news. Tensions calmed with the Russian annexation of Crimea and investors turned their sights to stocks. However, nebulous talk of gunfire aimed at a Ukraini...
Mar 17, 2014
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on our daily poll.This week will see more compelling economic data than last, positioning geopolitical tension at a lower tier for investor concern. Crimea has voted to join Russia and President Obama has stated that the U.S. cannot support or recognize the motion. Despite this news, ...
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