Mortgage News
Jan 27, 2016
Rates today remained largely the same as yesterday, with the exception of small movements in the Jumbo 30-Year Rates and the 5/1 ARM Rates. The market has been in a bit of a standstill over the past couple of days in anticipation of today's Fed announcement. Here's the long and short of it. The Feds are generally not so concerned with short term market disruptions, such as the changing pace of the stocks, bonds, and oil...
Jan 26, 2016
Mortgage rates have dropped a few percent from yesterday. The idea of the bond markets having a bounce has faded, as this week unfolds. It appears that the stocks, oil, and bonds have has a shift in momentum, and this is likely because they are looking for the next key indicator. This indicator likely takes the form of Wednesday's Fed announcement. The Fed is not likely to raise rates at this meeting, but it will be...
Jan 25, 2016
Mortgage rates are mixed today, some programs have inched up, and some have dropped. The week is off to a slow start, as many trading participants have been affected by the massive snowstorm on the east coast. It seem that, even in lieu of a lower participation rate, bonds are continuing to follow stocks. The past two trading days have been the best of the year for stocks, and the worst of the year for bonds. If we...
Jan 22, 2016
Rates are pretty flat today compared to yesterday. In the mortgage markets, there is some debate over whether or not we are going to see a bounce in the bond markets. Technical information indicates that we are seeing a shift in the stock market. Seeing as though bonds have been heavily influenced by the stock market, it is a natural assumption that bonds may be nearing the end of their recent rally. The data indicates...
Jan 21, 2016
Mortgage rates are lower today across the board. Bond markets have been rallying in the wake of the stock sell off that we have seen in recent days. This is because bonds are looked at as a "safe-haven" investment. This has much to do with their pricing volatility. Typically losses in the bond markets aren't as significant as losses in other markets. This makes them more attractive to investors, who...
Jan 20, 2016
Mortgage rates are higher again today. This has been the worst January on record for the equities markets. Stock market negativity and a decline in oil prices have set the bond market on fire. Simply put, the money from the surge in equities/commodities selling needs to go somewhere. This pattern will continue until there are no more funds looking for a place to go. In recent events, the connection between oil,...
Jan 19, 2016
Mortgage rates are higher today. In mortgage market news, the trend so far in 2016 is for the stock and bond yields to be moving in unison. This doesn't always happen, and may be a short term occurrence, but the stock movements have set the tone in the bond markets so far. A likely assumption is that of "asset allocation". This means that money managers are buying bonds and selling stocks at the start of the...
Jan 15, 2016
Mortgage rates are lower today by a significant amount. The big market movers have not been domestic data. We know this because last week's ADP and NFP reports failed to make an impact. This week has been more of the same. The only chance for this week rests in the Retail Sales Data. If we don't see any major moves in the stocks and oil, we can place more stock in economic data. We are also heading into...
Jan 14, 2016
Rates today are pretty flat, after the runaway rallying that has been happening earlier in the month. It seemed that traders has a set plan of action coming into 2016, which was to push rates higher heading into the new landscape post Fed announcement in December. Things haven't gone as planned so far. Equities markets have had a difficult time getting off to a good start. Between Oil, China, and the flood of money...
Jan 13, 2016
Mortgage rates fell sharply after yesterday's surprising bond rally. This rally was likely the result of the fact that so many market participants are betting on rates moving higher, and when several traders are wagering on the same outcome, markets tend to punish the majority Yesterday's events were particularly painful for those holding shorter positions, and also didn't last long. From about 10:00am EST to about...
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