Mortgage News
Aug 20, 2015
What will rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates have dropped across the board today following the release of the FOMC minutes yesterday. The minutes revealed that the Fed rate hike will largely be dependent on data coming in relating to the domestic and global economy. The Feds will very likely increase rates, however, there needs to be "some" improvement in the general e...
Aug 19, 2015
What are rates going to do tomorrow? Mortgage professionals are voting in our daily poll.Today marks the release of FOMC Minutes. The Fed added a key wond, the word "some" into the phrasing that discusses how much movement in the labor market is needed to precipitate the rate hike. Any communication coming out ot the Fed these days is being scrutinized, and markets seem to be consolidating in anticipation of the ...
Aug 18, 2015
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage Rates are bouncing back today from yesterday's weakness driven by the Industrial reports. After the New York Stock Exchange opened at 9:30am, Mortgage Backed Securities have seen a gradual return to "unchanged" for the week. Housing Starts have come in at the best levels in 8 years, Although the housing report indicat...
Aug 17, 2015
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.Mondays in summer are typically pretty uneventful, but not today. Mortgage rates are responding to some data emerging from the first reports of the day. The Empire State Manufacturing data released this morning came in at a 6 year low. The forecast was +5.0, and actual numbers were at -14.92. This data measures Inventories, Ship...
Aug 14, 2015
What will mortgage rates do next week? Mortgage professionals are voting in our daily poll.The mortgage rate tables are responding to some volatility today. With the release of PPI, Consumer Sentiment, and Industrial Production, and considering the day of the week, markets have been responding. Consumer sentiment didn't impact markets much. PPI data indicates that production costs have increased, particularly in ...
Aug 12, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates have dropped a bit today from yesterday, mainly due to international news coming out of China. United States Treasuries rallied after China announced that it would allow market forces to assist in determining the value of the yuan in foreign exchange markets. Many of the country's East Asian neighbors curre...
Aug 11, 2015
What will mortgage rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates have climbed up slightly across the board today. Mortgage Backed Securities are at thier highest yields since early June, and Treasury yileds are at thier lowest. Longer maturities typically out perform shorter maturities, as seen in the statistics. For example, 30 year yields are outperforming the 2 year yi...
Aug 11, 2015
What will mortgage rates do this week? Mortgage professionals are voting in our daily poll.Bond markets have been doing relatively well over the last several weeks. Because of this trend, there are questions about a potential pullback. The reason for this is that the longer a particular market is over-bought or over-sold, the bigger the risk of a pull in the opposing direction. This kind of four-week streak only occurs ...
Aug 11, 2015
What will mortgage rates do today? Mortgage professionals are voting in our daily poll.Mortgage reports indicate that new home construction is on the rise, and is at the highest levels since 2008. Recent polls indicate that nearly a third of Americans consider this to be a good time to purchase a home, compared to 20 percent last year. About 29 percent of buyers were also likely to purchase this year, compared to 21 percent ...
Aug 06, 2015
Check back tomorrow to see what mortgage rates will do.. Mortgage professionals are voting in our daily poll.Mortgage rates have continued to climb today. News coming from the Mortgage Credit Access Index (MCAI) indicates that credit availability is on a continual rise since last July. Factors that comprise the MCAI include credit score, loan to value, loan type, among others. The index has gone up every month since Octobe...
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