Mortgage News
Aug 07, 2014
A large drop in unemployment claims did little to move mortgage bonds since the Fed has been buying this morning. Fannie and Freddie reported higher earnings, which did little to move bonds as well, along with lower Initial Jobless Claims (289 thousand, below the 309 thousand expected). Look out for dropping or static rates. Yesterday: Bonds started the morning strong thanks to overseas markets but eased back midday. In housing news, the...
Aug 06, 2014
Bonds started the morning strong thanks to overseas markets but are now easing back. Watch for falling mortgage rates. In housing news, the MBA's Mortgage Market Index (total loan applications) is up 1.6 percent in the latest week, but is down year-over-year. Yesterday: ISM's stronger than expected Non-Manufacturing Index (strongest since 2005) is helping push mortgage bonds into weaker territory. Look out for rising mortgage rates....
Aug 05, 2014
ISM's stronger than expected Non-Manufacturing Index (strongest since 2005) is helping push mortgage bonds into weaker territory. Look out for rising mortgage rates. Yesterday: Little market-moving data and headlines out, but mortgage bonds were in stronger territory than they were end of last week.For housing market news, tune in Wednesday for the Mortgage Market Index. Bookmark this page for daily mortgage interest rates and...
Aug 04, 2014
Little market moving data and headlines out today, but mortgage bonds are in stronger territory than they were on Friday - look out for falling rates. For housing market news, tune in Wednesday for the Mortgage Market Index. Friday: The jobs report announced 209 thousand jobs were added in July. Jobless rates rose slightly, however, jumping to 6.2 percent from the 6.1 recorded for June. Bookmark this page for daily mortgage interest...
Aug 01, 2014
Mortgage bonds are in strong territory - look out for falling rates. The jobs report brought about pleasant news: about 209 thousand jobs were added in July. Jobless rates rose slightly, however, jumping to 6.2 percent from the 6.1 recorded for June. Yesterday: Mortgage bonds sank after the strong Q2 GDP reading was released Wednesday (pushing rates up), but bounced back midday. The Fed statement did little to combat the effect of the GDP...
Jul 31, 2014
Mortgage bonds sank after the strong Q2 GDP reading was released yesterday (pushing rates up), but have since bounced back. The Fed statement did little to combat the effect of the GDP reading. Weaker than expected Chicago PMI data and some common month's-end market activity are helping bring bonds back to unchanged levels. Watch for static or falling mortgage rates.For the cherry on top of this packed week, look out for the big July Jobs...
Jul 30, 2014
Mortgage bonds are lower this morning, thanks to the expected strong Q2 GDP reading (though the first of three, and subject to revision), led by increased commercial investment and consumer spending, and stronger than expected ADP payroll data. Rates could be moved more by the 2 PM ET release of the Fed's monetary policy statement. For the rest of this packed week, look out for the big July Jobs Report Friday. Yesterday: Mortgage...
Jul 29, 2014
Mortgage bonds were stronger overnight thanks to market influence from overseas, but dropped down to unchanged levels after the latest Consumer Confidence numbers came back stronger than expected. Keep an eye out for static or rising rates. For the rest of this packed week, look out for the latest Fed rate decision and GDP Wednesday, and the big July Jobs Report Friday. Yesterday: Mortgage bonds were weaker, only temporarily showing...
Jul 28, 2014
Mortgage bonds have been weaker today, only temporarily showing some positive movement in the morning. Pending Home Sales came back weaker than expected. Keep an eye out for static or rising rates. For the rest of this packed week, look out for the latest Fed rate decision and GDP Wednesday, and the big July Jobs Report Friday. Friday: Mortgage bonds were treading in weak territory even after the New Home Sales report for June came back with...
Jul 25, 2014
Mortgage bonds began the day slightly weaker but experienced gains after Durable Goods data came back 0.2 percent stronger than the projected 0.5 percent. One factor of the Durable Goods report is giving next week's GDP reading an overall negative expectation, hence the positive effect on mortgage bonds. Look out for dropping rates. Yesterday: Mortgage bonds were treading in weak territory even after the New Home Sales report for June...
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