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Mortgage Interest rate news, mortgage blog, interest rate blog

March 3, 2014; 9:26am Good morning! Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are improving slightly this morning, mostly due to the unrest in the Ukraine and Russia’s Putin readiness to invade.  In economic news, today’s numbers came in either better than expected or right on expectations.  Analysts are recommending a cautious float right now, but are watching very closely as MBS’s hit the highs seen in prior months at which points...

March 3rd, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

February 25, 2014; 9:17am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are improving slightly this morning, but mostly flat due to New Home Sales (new construction) numbers being higher than expected.  Also holding MBS’s from getting much better is the $35 billion Treasury auction today.  If the auction is well received, we might receive a boost to Mortgage bonds this afternoon.  The Mortgage Bankers Association Purchase index (l...

February 26th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

February 25, 2014; 9:17am Good morning! Interest rate trends: Today – Lower; 10 days – Higher; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are improving this morning on mixed economic news.  Home values continue to rise, but Consumer Confidence came in lower than expected.  Today’s Treasury auction should be good due to the short 2 year notes being auctioned.  While MBS’s are doing well, we will change to a cautious float recommendation.  Interest rates came out better this morning ...

February 25th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Interest Rate News

February 24, 2014; 9:49am Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are flat this morning with no economic reports today.  The rest of the week is full of economic data, including Housing numbers, U.S. economic growth with GDP numbers and the usual Initial Jobless Claims report on Thursday.  This week will also see an onslaught of supply with the US Treasury auctioning $96 billion in treasury notes.  We will change to a locking bias...

February 24th, 2014 Interest Rate News

Interest Rate News

February 21, 2014; 9:41am Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are currently flat, they were worse earlier this morning while getting pressure from a rallying stock market. Interest rates remained the same as yesterday.  Existing Home Sales decline by 5.1% from December to January.  The National Association of Realtors cites the decline due to extended winter weather conditions, tightened lending, higher interest rates, limited in...

February 21st, 2014 Interest Rate News

Interest Rate News

February 20, 2014; 8:39am Good morning! Interest rate trends: Today – Higher; 10 days – Higher; 25 days – Flat Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are sliding worse again today, with no apparent reason.  Initial jobless claims came in as expected and inflation figures came in unchanged.  It is the lack of consensus in the FOMC meeting minutes that has the market not knowing what to do for sure.  While MBS’s slide to the worse, we will switch to a locking bias, but there has to be some direction or guid...

February 20th, 2014 Interest Rate News