Mortgage News
Sep 22, 2014
Existing home sale data came back weaker than expected, but the effect on bonds was negligible. 5.15 million home sales were recorded in August, which fell to 5.05 in September. Mortgage bonds are still holding their same positive trend from the last couple of days. Watch for dropping mortgage interest rates. For other potential market movers this week, look out for new home sales on Wednesday, durable goods and jobless claims Thursday, and...
Sep 19, 2014
No market-moving data out today, and yesterday turned out to be uneventful. That was odd, considering Wednesday brought an FOMC meeting announcement, and plenty of data could have inspired some market movement. Rates rose slightly by the end of the day. For now, we can only assume rates will remain static. Bookmark this page for daily mortgage interest rates and market updates.30 year (FRM) rates at 4.26% (+0.01).15 year (FRM) rates at 3.41%...
Sep 17, 2014
The bond markets are waiting with baited breath for the FOMC monetary policy statement to be revealed, especially any verbiage about interest rates. CPI came back weak today, but the NAHB housing index rose. Mixed bag ahead of the FOMC announcement, but nothing else will come closer to shaking things up. Watch the headlines for the latest from the Fed. For other potential market movers this week, look out Thursday for housing starts,...
Sep 16, 2014
Mortgage bonds are holding on to higher levels after some morning weakness. No reports are due but the Fed begins its FOMC meeting today, the monetary policy statement for which will come tomorrow at 2:00 PM ET, and speculatively with news about rate hikes. As of now, watch for static or dropping mortgage interest rates. For other potential market movers this week, look out for tomorrow's CPI and NAHB housing index. Thursday will have...
Sep 15, 2014
Mortgage bonds experienced some gains today, and were unshaken by stronger than expected Empire State Manufacturing data. The NY Fed reported that manufacturing reached its highest levels in five years. September's index was 27.54, while August's was only 14.69. Industrial Production data was also announced today, and came back weaker than expected, possibly bolstering mortgage bond strength. Watch for dropping mortgage interest...
Sep 12, 2014
Import prices are in and the verdict is an overall drop thanks to declining prices in petroleum products. The data is the lowest since November, but in line with expectations. Retail sales were a different story, reaching higher levels in August, and consumer sentitment skyrocketed to its highest levels in 14 months. The bond markets didn't react to the data, and as of late morning mortgage rates will likely go unchanged. Yesterday:...
Sep 11, 2014
Trading dynamics pushed mortgage bonds into stronger territory, which continued through the morning and into the middle of the day. Bonds did not respond to the weaker than expected jobless claims data released earlier: 11 thousand jobless claims were recorded in the latest week. Based on the information we have now, watch for static or falling mortgage interest rates. This week is going to be quieter than last where economic reports are...
Sep 10, 2014
Mortgage bonds continue to hold the weakness trend today, and mortgage rates are at their highest levels of late. The bond isn't experiencing a great deal of volatility in general, likely in anticipation of next week's FOMC announcement where the Fed is speculated to include modified talk about rate hikes in its policy statement. Watch for rising mortgage interest rates. The Mortgage Bankers Association's Mortgage Market Index...
Sep 09, 2014
Mortgage bonds are holding their weaker levels today, and there are no market moving reports due. Watch for static or rising mortgage rates. This week is going to be quieter than last where economic reports are concerned. Keep an eye out for Jobless Claims on Thursday and Retail Sales and Import Prices on Friday. For housing news, tune in Wednesday for the Mortgage Market Index. Bookmark this page for daily mortgage interest rates and market...
Sep 08, 2014
This week is going to be quieter than last where economic reports are concerned. Keep an eye out for Jobless Claims on Thursday and Retail Sales and Import Prices on Friday. For housing news, tune in Wednesday for the Mortgage Market Index. Mortgage bonds are in weaker territory midday, watch for rising rates.Friday: The August employment numbers came in and the gains were not gains enough to get the bond market down: 142 thousand jobs were...
Searching Today's Rates...
Featured Lenders
Lisa Stepp
RBS Citizens
Clifton Park, NY
