Mortgage News
Mar 17, 2014
What will mortgage interest rates do Monday? Rates should go up, according to mortgage professionals voting on our daily poll.With no new market moving reports out aside from weak Consumer Sentiment data, the bond markets were heavily influenced by geopolitical focus this morning, and volatile given headlines surrounding Ukraine. Perhaps surprisingly, bonds were losing traction and mortgage ra...
Mar 13, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Mortgage bonds were trading near key technical support levels this morning. Good news from the housing, retail and labor sectors leveled bond investing, and mortgage rates are down. RealtyTrac reports that February foreclosure filings dropped by 10%...
Jan 02, 2015
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.Today at 1PM ET the results from the $21 billion 10-year treasury note auction will be released. Stock market action could influence bond trading during the session.The Mortgage Bankers Association's Market Composite Index indicated that total loan app...
Mar 11, 2014
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.Today at 1PM ET the results from the $30 billion 3-year treasury auction will be released. Stock market action could influence bond trading during the session.No other major economic reports today, but look out for Retail Sales, the Producer Price Index an...
Mar 10, 2014
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.The February Jobs report came back positive Friday, sending bond investors in the opposite direction and mortgage rates up across the board. The trend continues today. 175K jobs were created in February, notably above the 163K expected. Revisions to t...
Mar 07, 2014
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.The February Jobs report came back positive today, sending bond investors in the opposite direction and mortgage rates up across the board. 175K jobs were created in February, notably above the 163K expected. Revisions to the December and January rep...
Mar 06, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Weekly Initial Jobless Claims fell to 323K, a difference of 26K and below the 338K expected. This data is the lowest since November. As a result, the four week moving average dropped by 2K to 336K.CoreLogic reports that 4 million homes regain positive equity in 2013; 6.5 million are underwater (half ...
Mar 05, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.ISM reported this morning that service sector growth dipped to a four year low last month, from 55.4% to 47.5%. Disappointing news especially when coupled with ADP's report that service added only 120K new jobs last month, which represents a drop in year-ove...
Mar 04, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Vladimir Putin's announcement that there is no immediate need to take action in Ukraine has driven more interest in stocks and pushed the bond market down this morning. CoreLogic reports that home sales rose by 12% in January 2014 from January of...
Mar 03, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Despite Putin's announcement of his decision to invade Ukraine pushing more investment in bonds, little economic data will be movng the US market today. Mortgage bond levels jumped only slightly this morning. Look out for Wednesday's ISM Non-...
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