Mortgage News
Apr 11, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Only slightly knocked by higher than expected wholesale inflation data, mortgage bonds continue trading in positive territory through the morning.Early April Consumer Sentiment data was also greater than the expected - 82.6 rather than 81.0. The March P...
Apr 10, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Weekly Initial Jobless Claims are down in the latest week by 32K and sitting at 300K, representing a seven year low and dropping the four week moving average. Mortgage bonds remain sideways and rates are relatively static. Topping off the market mov...
Apr 09, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Mortgage bonds were down this morning after some selling and the 10-year note Treasury Auction did not cause a greater stir. Topping off the market movers for this morning was the release of recent FOMC minutes, which pointed to bad weather as a large cause of ...
Apr 08, 2014
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on our daily poll.Treasury auctions are capping any further bond advancements, and no market-moving economic reports are due for release. The Treasury is $30 billion 3-Year Notes; results are out at 1:00pm ET and part of a total of $64B for this week.Look out for Producer Price ...
Apr 07, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Mortgage bonds remain relatively static while stocks sit low.Little market moving news out today but look out for Producer Price Index, Consumer Sentiment and Initial Jobless Claims at the end of the week. Notably, the FOMC minutes from the March 19 meeting will be released Wednesday at 2:00PM ET. Th...
Apr 07, 2014
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.Just below the 195K expected, March saw 192K new jobs and 37K jobs were added to the January and February reports. Hourly wages left much to be desired but on a better note, average hours worked per week were up. The markets didn't blink much at the informati...
Apr 03, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Weekly Initial Jobless Claims jumped 16K, only slightly above the 320K expected. Mortgage bonds didn't jump at this data, but look out for Friday's big NFP Employment Situation Report. The markets will surely be holding their breath leading up to Friday&...
Apr 02, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on our daily poll.Mortgage bonds are sitting lower today after the ADP report showed private employer hires at 191K, below the 215 expected. The big report comes Friday when government jobs data is projected to be 195K in the public and private sectors. Yesterday Core...
Apr 01, 2014
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.Mortgage bonds remain sideways after a volatile morning; mortgage rates are up. CoreLogic reported that home prices in February rose 12.2% compared to the same time last year. Prices rose 0.8% fro January to February, still 17% below the halcyon days of April 2006....
Mar 31, 2014
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.Mortgage bonds are sideways - unsurprising since the trend has held for well over a month now. Chicago PMI was released this morning and below the 60.1 expected, showing a manufacturing drop from 59.8 to 55.9. Weather is taking the blame once again. Mortgage rates are u...
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