Mortgage News
Feb 13, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Today the Labor Department released the Weekly Initial Jobless Claim report, and claims rose by 8K in the latest week to 339K (335K expected). The four week average jumped to 336,750 from 333,250 the week before.The Mortgage Banker's Associatio...
Feb 12, 2014
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.The $30 billion 3-year note auction went swimmingly yesterday, and continues today and Thursday with $24 billion 10-year notes and $16 billion 30-year bonds, respectively. The results of today's $24 billion auction will be released at 1:00PM ET.The Mortgage Bank...
Feb 11, 2014
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.Treasury debt will hit the market this week, kicking off today with $30 billion 3-year notes and continuing tomorrow and Thursday with $24 billion 10-year notes and $16 billion 30-year bonds, respectively.Janet Yellen's first statement as Fed Chair...
Feb 10, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.This week will see weekly Initial Jobless Claims, Consumer Sentiment and Retail Sales reports. Treasury debt will hit the market this week, kicking off tomorrow with $30 billion 3-year notes and continuing Wednesday and Thursday with $24 billion 10-ye...
Feb 07, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.The January Jobs Report data was well below expectations this morning, rounding off at 113K new jobs added rather than the projected 175K. Unemployment fell from 6.7% to 6.6%, but the labor force participation rate remains at only 63%, a 35 year low....
Feb 06, 2014
What will mortgage interest rates do tomorrow? Rates should increase or stay the same, according to mortgage professionals voting on our daily poll.ADP reported that 175K jobs were added in the private sector, only slightly below the 178K expected. The Labor Department jobs report for January will be released this Friday at 8:30 AM ET. It is predicted to have tremendous influence ...
Feb 05, 2014
What will mortgage interest rates do tomorrow? Rates should increase, according to mortgage professionals voting on our daily poll.ADP reported that 175K jobs were added in the private sector, only slightly below the 178K expected. The Labor Department jobs report for January will be released this Friday at 8:30 AM ET. It is predicted to have tremendous influence on trading, as us...
Feb 04, 2014
What will mortgage interest rates do tomorrow? Rates should increase, according to mortgage professionals voting on our daily poll.Mortgage bonds are down this morning, and mortgage interest rates are down across the board. Notably, FHA 30 year fixed rates are down by a quarter of a percent to 3.75%.The jobs report for January will be released this Friday at 8:30 AM ET. It is pr...
Feb 03, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Mortgage bonds are near unchaged with the new month of February, and as of today mortgage interest rates are down across the board. Janet Yellen will officially take her place as the first Chairwoman of the Federal Reserve today, inheriting...
Jan 31, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.The conclusion of Wednesday's FOMC meeting came with news that the Fed will continue to taper their QE bond buying program by another $10 billion every month. GDP is on the steady rise and is reported to have grown by 3.2% in Q4 2013. ...
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