Mortgage News
Nov 14, 2014
Retail sales came back high for October, jumping 0.3 percent and 0.1 percent above economist predictions. Import prices including oil, on the other hand, came back at their weakest monthly levels in two years. The import price data points to overseas markets keeping U.S. inflation at bay. Later in the day bonds got into more positive territory. Watch for dropping mortgage interest rates. Thursday: Mortgage bonds grew stronger overnight...
Nov 13, 2014
Mortgage bonds grew stronger overnight thanks to European market influence. Watch for dropping mortgage interest rates. Inconsequential was jobless claims data, which came back higher than the last report but still hovers near 14-year lows. For potential market movers, tune in tomorrow for retail sales and import prices. Wednesday: Mortgage bonds were in more negative territory after creeping up Tuesday night and early Wednesday thanks to...
Nov 12, 2014
Mortgage bonds are in more negative territory today after creeping up overnight thanks to European influence. Watch for static or rising mortgage rates. Of little influence was the MBA's mortgage market index (measuring loan application volume), which dropped by 0.9 percent in the latest week. For potential market movers, tune in tomorrow for jobless claims, and Friday for retail sales and import prices. Monday: Mortgage bonds were in...
Nov 10, 2014
Mortgage bonds are in weaker territory today than they were on Friday, but haven't tanked so far. Watch for static or rising mortgage interest rates. This week will be quiet for economic reports, and Tuesday U.S. markets are closed in observance of Veteran's Day. For potential market movers, tune in Thursday for jobless claims, and Friday for retail sales and import prices. For housing market news, check back Wednesday for the mortgage...
Nov 07, 2014
October's jobs report data came back showing higher payrolls and a shrinking unemployment rate, and set off some bond market volatility. Bonds are now at stronger levels. Watch for static or falling mortgage rates. Thursday: The morning's much anticipated European Central Bank announcement and ensuing press conference with President Mario Draghi gave way to some volatility for mortgage bonds, but MBS were up and down enough to just about...
Nov 06, 2014
This morning's much anticipated European Central Bank announcement and ensuing press conference with President Mario Draghi gave way to some volatility for mortgage bonds, but MBS were up and down enough to just about break even, and now bonds are at unchanged levels. Watch for static or rising mortgage interest rates. Jobless claims for the first week of November are in today as well, and down to 278,000, below expectations of...
Nov 05, 2014
ADP employment data came back inline with expectations: 230,000 private jobs were added, above the projected 220,000. The data did not move bonds much, but perhaps bolstered this morning's weakness ahead of the European Central Bank announcement tomorrow. Watch for rising mortgage interest rates. Another busy week bursting with potential market movers is upon us: check back tomorrow for jobless claims and the European Central Bank's...
Nov 03, 2014
Mortgage bonds are in weaker territory today, likely thanks to their greatest influence as of late, Japan, being on holiday (see Friday's recap below). Watch for rising mortgage interest rates. Another busy week bursting with potential market movers is upon us: check back Wednesday for ADP national employment and ISM manufacturing numbers, Thursday for jobless claims and the European Central Bank's announcements, and Friday for the...
Oct 31, 2014
News from Japan has sent bonds tanking on this All Hallows' Eve: the Bank of Japan is accelerating their buying program from 50 trillion to 80 trillion yen per year. Though its influence was probably dwarfed by the Japan headlines, personal consumption was down in September, dropping 0.2 percent from August. Finally, Chicago PMI came back positive, sailing on a 12 month high. Watch for rising mortgage interest rates. Thursday: Mortgage...
Oct 30, 2014
Mortgage bonds are in stronger territory today - a curious reality, since today's GDP reading came in at 3.5, surpassing the 3.0 predicted. This week's jobless claims did came back higher than last and higher than the expected 281,000 at 287,000, but are still hanging around their lowest levels in 14 years. Watch for dropping mortgage interest rates. A busy week for month-end trading and several economic reports leaves room for bond...
Searching Today's Rates...
Featured Lenders
