Mortgage News
Oct 19, 2015
Mortgage rates have dropped slightly across the board. Today the release of NAHB data came in stronger than was expected. Confidence among builders came in at 64, although the forecast came in 62. This is the highest that it has been in ten years. Bonds started selling shortly after the release of this report at 10:00am. The overnight session brought about weakness in the bond markets, which looks like it was the...
Oct 16, 2015
Bond markets are preparing for the big Federal Reserve Meeting in a little over a week. What this looks like is what is called "consolidation", which means that the trading is occurring within an increasingly narrow range. The boundaries for the highs and lows get closer and closer together. The overnight trading was uneventful, and opened up the day in slightly stronger territory, but heading into weaker levels....
Oct 15, 2015
Mortgage rates have dropped today, due to weakness in the bond markets. Treasuries are doing better today than Mortgage Back Securities, and this is also due to the weaker economic statistics that have been hitting the market recently. Yesterday's PPI report, which measures Producer Price Index, came in with several aspects of the report showing historically bad news while today's CPI (Consumer Price Index) report came in...
Oct 14, 2015
Mortgage rates started the day strong today, thanks to the Retail Sales Report and the PPI Report, both released today. The massive amount of corporate bond issuance isn't even swaying the bond markets today. Today bond prices surprisingly moved even lower than stock prices. Not too long ago, a couple of weeks, in fact, bonds were following stocks around, but this is not the case as of late. The motivation for the...
Oct 13, 2015
What will Rates do this tomorrow? Mortgage professionals are voting in our daily poll. The bond markets are off to a sluggish start, but are in positive territory today. The weak Non-Farm Payroll report that was issued at the beginning of the month helped the bond markets, and the rally extended to the following week. With the 3-day weekend behind us, and the looming Federal Reserve announcement at the end of October,...
Oct 12, 2015
What will Mortgage Rates do this week? Mortgage professionals are voting in our daily poll.Last week brought about a climb in mortgage rates, which apparently have leveled off as of last Friday. There have been no significant reports released today being Columbus Day, and the banks and bond markets are closed. Many lenders will also be closed today, so no rate sheet adjustments are being made. Coincidentally this lev...
Oct 09, 2015
What will Mortgage Rates do Monday? Mortgage professionals are voting in our daily poll.Mortgage rates are at their highest levels in a week, since last week's post Non-Farm Payroll report rally. There was some volatility today, but mortgage rates seem determined to be continuing along their track of corrections over this last week. The economic data released today was rather light, consisting of the Import and Export ...
Oct 08, 2015
What will rates do Friday?? Mortgage professionals are voting in our daily poll.Mortgage rates today have inched up across the board, with the exception of the FHA 30-year fixed rate, which has remained the same. Lately bonds have been working along a pattern of correction that stems from the weakness in the stock market from last month. The classic features of this type of correction include a couple of hallmarks. F...
Oct 07, 2015
What will mortgage rates do tomorrow?? Mortgage professionals are voting in our daily poll.Today's rates are holding steady today, as the domestic bond markets found thier footing this morning just ahead of the 10-year auction. Treasuries started the morning out flat, but yields began to rise along with the rise of equities. German Bund markets followed suit as well, but then went back to previously unchanged levels, as Trea...
Oct 06, 2015
What will mortgage rates do tomorrow?? Mortgage professionals are voting in our daily poll.Mortgage Backed Securities and Treasuries started out the day with some weakness in response to this morning's reports about corporate bond issuance. This weakness remained until about 10:00am this morning, until doestic bonds stabilized. Treasuries and MBS have been taking cues from various markers, one day it is the European ma...
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