Mortgage News
Jun 17, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. MBS are in weaker territory before the Fed meeting. If you are deciding whether to lock or float before the Fed meeting, you should probably go with locking. Lenders are already repricing due to a slight drop in mortgage rates. The consensus is that the Fed will hike rates in September or December. Having a specific date or month set by the Fe...
Jun 16, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. MBS and treasuries are consolidating ahead of the Fed meeting tomorrow; they are positively skewed. 30-year FRM, 15-year FRM, and 30-year FHA remain the same as yesterday. They will not budge ahead of tomorrow's meeting. Jumbo 30-year and 5/1 ARM have dropped by 0.01. Expect rates to drop after tomorrow's Fed meeting. The Fed is unlike...
Jun 15, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. This morning was marked by weak economic data. The New York Fed's Empire State Manufacturing came in at -1.98 instead of the forecasted +6.0. Industrial Production data came in at -0.2 instead of +0.2. Rates haven't moved much since friday. The drop in rates last Friday has actually pushed some lenders to negatively reprice. This Wedne...
Jun 12, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. US rates have been following the path of EU rates today, which ultimately pushed them lower. However rates are still at their highest levels of the year. Home loan applications are on the rise as reported by the Mortgage Bankers Association. This indicates that the spring buying season is picking up, even as rates are increasing. Next week we ...
Jun 11, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The bond market is rallying and 30-year rates have hit their highest level of the year at 4.18%. Since bond yields increased earlier this week, it follows that mortgage rates are tracing their path.Domestic data came in overwhelming positive. Retail sales gained 1.2% in May vs the expected 1.3% gain. After only increasing 0.2% in April,...
Jun 10, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates are slightly higher today, but the cause is not clear. Rates have been on an upward spike for the past few weeks due to a combination of factors--signs that the US economy is improving, the greek debt deal, and a lack of liquidity, among other things. Mortgage rates seem to have no ceiling at this point. Now is not a good time t...
Jun 09, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The direction of mortgage rates today have no real culprit. They have slightly dipped, but are expected to push higher tomorrow. Even though there is news coming from Greece about a debt deal, there is really nothing new and noteworthy occurring. There isn't any prominent domestic data coming in today, besides the 3-year treasury note auct...
Jun 08, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have increased and remain at their highest levels of the year. The bond markets are consolidating after the NFP results last Friday. There isn't any significant economic data scheduled for today. Most of the MBS action this week will be determined by the global bond markets. Expect mortgage rates to decrease after the bond r...
Jun 05, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. NFP caused MBS to quickly sell-off this morning. NFP employment increased by 280K in May instead of the expected 226K. In response, mortgage rates have slightly decreased for 30-year and 15-year FRMs and yields are soaring. Europe's bond markets caused MBS to stabilize after this initial reaction. Thursday: 30-year and 15-...
Jun 04, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. 30-year and 15-year rates have continued to climb higher today, while ARM rates have slightly decreased since yesterday's highs. A significant portion of the volatile trading activity this week is linked to Europe. Trading volume quickly decreased this morning after German bunds closed. With NFP tomorrow, mortgage rates will react strongly...
Searching Today's Rates...
Featured Lenders
Lisa Stepp
RBS Citizens
Clifton Park, NY
