Mortgage News
Jul 20, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates have continuing to drop, and are expected to shift around within a narrow range. We expect to see this type of movement due to light liquidity. Liquidity is the availability of sellers and buyers interested in obtaining a loan at the preferred pricing. Mortgage Backed Securities and Treasuries have been g...
Jun 30, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates have dropped across the board today, in contrast to yesterday's increase. Greece is still an issue today, but it seems that MBS investors are feeling more confident. Additional factor affecting mortgage rates today include 1) Weakness in Asian equity markets, 2) Month End Data will be release for bond marke...
Jun 29, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have sharply increased today, which should come as no surprise considering the MBS trend for the past month. Over the weekend Greece closed its banks due to fears that the country is headed towards default. This is sending shock waves throughout global markets.The domestic data released today is of secondary importance. T...
Jun 26, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have been largely flat this week and that trend continues today. Greek drama is to blame for some of the MBS weakness, but it is not the only culprit. The lack of liquidity is an ongoing problem. There are a lot of headlines indicating that Greece will finalize a debt deal over the weekend. Although this could very well be more ...
Jun 25, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Bond markets are weaker and mortgage rates haven't moved since yesterday. There is no real culprit for the MBS weakness. The economic data presented today was not a big market mover because it came out so close to expectations (Jobless Claims and Personal Consumer Expenditure). The 7-year auction at 1pm is the next potential market mover....
Jun 24, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates continue their upward trend today. This steep climb begun at the beginning of June, had a short pause last week, and resumed its climb. The Greek debt drama takes center stage as the main cause behind rates. There is a lack of buying ahead of the 5-year auction today, which traders are waiting for. Tomorrow will prove to be more...
Jun 23, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have begun to rise again today. There were various factors for this including some big corporate debt deals and strong new home sales data. Mortgage rates are back to their highs of the year. Yields on the ten-year Treasury note are also climbing; on Friday they were at 2.26% and now at 2.40%. Check back Wednesday fo...
Jun 22, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have started off this week by decreasing. Economic data came in strong with US existing home sales beating expectations. They increased 5.1% in May, instead of the expected 4.2%. This surge was mainly due to first-time homebuyers returning to the market. Greece continues to control headlines and is pushing bond markets in a weak...
Jun 19, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. After the highs of this week, MBS are currently at some of their best levels since early in June. 10-year yields jumped up when bond markets opened this morning. Overall, today has been rather uneventful. Mortgage rates will likely be stable for the rest of the day.Thursday: Bonds rallied after yesterday's Fed meeting. As markets ex...
Jun 18, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Bonds rallied after yesterday's Fed meeting. As markets expected, the status quo will remain. The Fed will be keeping interest rates at zero and did not make it clear when the first hike in 9 years will happen. MBS have been in weaker territory this morning. They decreased after positive housing data. Permits for multi-family developments ...
Searching Today's Rates...
Featured Lenders
Lisa Stepp
RBS Citizens
Clifton Park, NY
