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Interest Rate News

February 18, 2014; 9:01am Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat Interest rate recommendation:  Cautious float Worse than expected economic news this morning is supporting our lower interest rates.  The NY Empire State Manufacturing Index fell to 4.48 in February, down from 12.5 in January and below the 7.5 expected.  The National Association of Home Builders (NAHB) index fell to 46 from 56 and below the 56 expected.  Anything below 50 is bad news.  Tomorrow we will get the FOMC meeting minutes, ...

February 18th, 2014 Interest Rate News

Interest Rate News

February 14, 2014; 9:01am Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat Interest rate recommendation:  Cautious float Happy Valentine’s Day!  Interest rates remain the same with mixed economic news this morning.  China’s inflationary figures came in hotter than expected and in the U.S., Consumer Sentiment came in slightly higher than expected.  MBS’s are sitting on the 25, 100 & 200 day moving averages, which creates a double layer of support.  Should MBS’s drop below these l...

February 14th, 2014 Interest Rate News

Today's Interest Rate News

February 13, 2014; 9:39am Good morning! Interest rate trends: Today – Higher; 10 days – Higher; 25 days – Flat Interest rate recommendation:  Cautious float Today’s economic news came in worse than expected and has caused MBS’s to improve, currently at +25bps.  Retail Sales came in at a -0.4%, Decembers Retail sales was revised downward to -0.01% from .2%.  Initial Jobless claims came in higher than expected as well.  With the worsening economic data and MBS’s improving, we will change to a cautious float recommendation and se...

February 13th, 2014 Today's Interest Rate News

Interest Rate News

February 12, 2014; 9:18am Good morning! Interest rate trends: Today – Higher; 10 days – Higher; 25 days – Flat Interest rate recommendation:  Locking bias Interest rates continue to worsen while the stock markets climb back.  There are no economic reports today to provide direction, but the U.S. Treasury will auction a whopping $24 billion in 10 year notes.  Yesterday’s 3 year note auction was well received, but still did not help mortgage bonds.  Today’s longer term auction will likely be worse than yesterday’s auction so we ...

February 12th, 2014 Interest Rate News

Today's Interest Rate News

January 17, 2014; 10:24am Good morning & Happy New Year! Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Locking bias                                             While interest rates remain the same, lender credits did improve slightly this morning.  MBS’s are slightly better on mixed economic news, mostly bad news as Housing Starts and Building Permits decline in December and seve...

January 17th, 2014 Today's Interest Rate News

Today's Market/Interest Rate News

January 16, 2014; 9:53am Good morning & Happy New Year! Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float               Volatility is the name for the markets these last few days, today MBS’s are making good movement, currently at +29bps, as stocks retreat from their record highs set yesterday.  In economic news, all reports came out positive for the economy and supporting interest rates was a tame inflation report.  With inflation staying...

January 16th, 2014 Today's Market/Interest Rate News