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Mortgage Interest rate news, mortgage blog, interest rate blog

March 14, 2014; 9:44am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are flat this morning, holding on to yesterday’s surprising gains.  Interest rates are really nice right now so locking is good, but with weaker than expected economic news today we will maintain our cautious float recommendation.  The February Producer Price Index (PPI) falls to -0.2% vs the 0.2% expected, and the core PPI at -0.2% vs the 0.2% expected.  This is...

March 14th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 13, 2014; 9:22am Good morning! Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) started the day out worse on the slightly better than expected economic news, Retail Sales came in only slightly better than expected and initial jobless claims came in lower, but MBS’s have rallied since and are currently +12bps!  With this current movement better, we will continue our cautious float recommendation and see where we will go.  The stock market was up ...

March 13th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 12, 2014; 10:16am Good morning! Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are doing well this morning on fears that China’s economy is slowing down.  No economic reports again today, but the Treasury will hold another auction of 10 year notes.  While MBS’s improve, we will change to a cautious float and see how much better pricing can get.  Today’s interest rates are slightly better than yesterdays.  Have a great day...

March 12th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 11, 2014; 9:48am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) started the morning flat, but have turned worse in the last few minutes and thus our change to a locking bias.  Interest rates are mostly the same as yesterday, but some have moved slightly worse.  With no real news to go off of, stocks are rising at the expense of bonds.  One again, no economic news until Thursday when we get Retail Sales numbers.  The Treasury wil...

March 11th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 10, 2014; 10:01am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are flat to slightly better this morning with no U.S. economic news and China’s weaker than expected exports.  This week is have Retail Sales numbers Thursday and inflation numbers on Friday.  Other than that, there are no U.S. economic reports this week.  The U.S. Treasury will auction $64 billion in 3, 10 & 30 year bonds this week.  With interest rate...

March 10th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 7, 2014; 9:32am Good morning! Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Very cautious float Mortgage bonds (MBS’s) are worse this morning on slightly better than expected Government Jobs Report where 175k jobs were reported as created in February.  Initially this caused MBS’s to worsen significantly, but since then they are bouncing back.  The unemployment rate ticks up to 6.7%.  Interest rates are still looking good, not much change.  The stock markets are flat so...

March 7th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog