Mortgage News
Sep 03, 2015
What will Rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates are trading within a narrow range this week. This zig-zag has been seen all week, as rates are unsure as to what to do with data reports. Today marks the final pre-NFp day, and rates have been bouncing within a narrow range in anticipation of this report, scheduled for tomorrow. There's not much in the way of meaningf...
Sep 02, 2015
What will Mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates are close to unchanged levels from yesterday. The release of ADP data came in weaker than expected at 190k bersus the forecasted 201k. Factory Orders also came in much weaker than expected this morning at 10:00am. Friday's NFP data is of special importance, and will likely impact the Fed's decision to hike...
Sep 01, 2015
What will Mortgage rates do on Wednesday? Mortgage professionals are voting in our daily poll.Mortgage rates are inching upward today. This morning at 9:30am, the NYSE opened, and traders started selling bonds. When the ISM data came in, bonds were in positive territory. Weak overnight data from Asia, Japan, and Europe was mixed, which helped the bond selling, and so far today, the bond markets are already in better shape ...
Aug 31, 2015
What are mortgage rates going to do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates are reacting to some month end anxiety. Typically a sector of traders will buy bonds at month end in order to balance out their portfolios. US Treasuries are seen as a safe-haven due to weakness in Asia. In Europe, German Bunds have been selling off in an aggressive fashion, moving from .72 to .80 in one h...
Aug 28, 2015
What are mortgage rates going to do next? Mortgage professionals are voting in our daily poll.Mortgage rates have inched up today across the board, which appears to mark the end of a few days of corrections in the bond markets. Treasuries and Mortgage Backed Securities underwent a two-and-a-half day correction after rallying pretty steadily for about 6 weeks It appears that China's economy is causing less of a reaction...
Aug 27, 2015
What are mortgage rates going to do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates have continued to rise today, which is seen as a small victory, since the stock market has been selling off quite nicely. The S&P is up 37 points today. The release of Gross Domestic Product news made an initial impact in the bond markets whrn it came in at +3.7 (the forecast was +3.2), however, bonds ...
Aug 26, 2015
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.Rates are on the move upward today, a bond corrections continue. Bond markets have over a month of improvements to make. Bond selling was also spurred by Durable Goods data, which came in higher than expected. The big picture is still driving the market for the time being, unless the 5 year auction, set for 1:00pm today has any ...
Aug 25, 2015
What will mortgage rates do on Wenesday? Mortgage professionals are voting in our daily poll. Rates have dropped today, with the exception of the 5/1 ARM, which has nudged up a bit. Investors have shifted thier focus out of high-risk investments, such as commodities and stocks, and are more interested in Treasuries and low risk bonds. This trend began over the last several weeks, and became more evident over th...
Aug 24, 2015
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll. There are major swings in he Global Market. News out of China isn't helping things. Germany, because if the close trade relationship with China, was affected as well. It appears that the global financial markets are in a downward spiral. The only positive news about this, is that the Fed has indicated that the proposed...
Aug 21, 2015
What will rates do next? Mortgage professionals are voting in our daily poll.Global risk-aversion has dragged yields even lower today. They are now at the lowest rates in 3 months. Having said that, bonds are not looking like they want to improve without a major panic in the global outlook. Treasuries and Mortgage Backed Securities had a decent rally. The stock markets are nearing a "Death Cross" which, in the st...
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