Mortgage News
Apr 24, 2017
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 agenda, but simply the fact that she'd be ...
Apr 20, 2017
"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, but can be considered a consolidation if the push doesn't take the security in question too far back in the other direction....
Apr 17, 2017
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:...
Apr 14, 2017
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 repeating through today's mornin...
Apr 12, 2017
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. That means that 4.0% is now the...
Mar 28, 2017
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 Treasury auction at 1pm is the most relevant auction of the week. This is not a huge market mover, but it can always have an impact if it is ...
Mar 24, 2017
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 pass at a later date and have a positive effect on the mortgage rates, but for now, it's business as usual. There is the heavy likelihood that the bill passing...
Mar 20, 2017
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 responsible for low rates. As stated yesterday, there will be a Fed hike and we are expecting accelerated forecasts in future rate hikes. We are unsure as to how well-prepared...
Mar 09, 2017
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 continued from the overnight session - inspired by Draghi's press conference in the EU. Ongoing news reports coming out of the ECB didn't help matters as bonds...
Feb 23, 2017
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 announcement came out a bit more tame than anticipated, bringing them back up again. There was no meaningful talk about tapering balance sheets in the near future from the Fed....
Searching Today's Rates...
Featured Lenders
Lisa Stepp
RBS Citizens
Clifton Park, NY
