Mortgage News
Feb 26, 2016
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 January, we saw this directly influence the bond market. These last few weeks, we can also see that treasury markets are following in step with the German Bunds. In the...
Feb 24, 2016
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 have an impact is the 5-year Treasury auction. There were some intriguing developments coming out of the overnight session. Trading between the hours of 6:00pm and...
Feb 23, 2016
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 couple of weeks ago and will be shifting direction. Looking at the activity in the oil and stock markets, both are trending higher from the lows that they experienced...
Feb 22, 2016
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 correlation between the bond markets and the oil and equities markets is undeniable. Here are a few factors which show us how these factors are intertwined....
Feb 19, 2016
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 again to decline, and by 9:00am, the markets began the consolidation process that would round out the rest of the day. In summary, after a few positive and negative...
Feb 18, 2016
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. By global financial system, we are referring to the S&P, Germany's DAX blue chip index, Nymex Oil Prices, and the 10 year yields. The shift in the market...
Feb 17, 2016
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 markets, which are currently up 10% from last Thursday's close of business. US equities markets are up only 4%, The second factor to consider was the corporate debt...
Feb 16, 2016
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 will be released this week could help bond markets decide their fate. On top of this list this week is likely to be tomorrow's Industrial Production numbers,...
Feb 12, 2016
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 correction is going to continue, or if it's just a short term rest for the bond market. Many market participants watching this latest rally have been...
Feb 11, 2016
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 inseparable, walking in line with each other. As month end approached, we saw some influence from the Bank of Japan, which drove stocks and bonds farther apart. Bonds...
Searching Today's Rates...
Featured Lenders
Lisa Stepp
RBS Citizens
Clifton Park, NY
