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Interest Rate Trends and Recommendation

Good morning & Happy New Year! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Slightly higher Interest rate recommendation: Locking MBS’s are moving sideways this morning while investors wait for the big Jobs Report tomorrow morning. The Fed minutes yesterday did not reveal anything different than expected so not much movement to the markets. In listening to top market analysts (economists), and looking at so many of their graphs on the economy, it is evident the economy is moving forward and improving. There are more signs of improvement within al...

January 9th, 2014 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning & Happy New Year! Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Slightly higher Interest rate recommendation: Locking MBS’s worsen this morning on the ADP employment report showing a higher than expected employment number. This is a slight indicator that Friday’s really important Jobs Report may be better than expected too and if so, we are recommending locking. Today we will see the Fed minutes from December’s meeting, perhaps more insite on their tapering plans. The new chief of FHFA (Mr Watts) has officially delayed t...

January 8th, 2014 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning & Happy New Year! Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Slightly higher Interest rate recommendation: Cautious float MBS’s continue to improve ever so slightly, but improvement has occurred in 4 of the last 5 days. You’ll see lender credits are higher (better) today also. There are no economic reports due out today, so investors will be looking at tomorrows Fed minutes release and ultimately Friday’s Jobs Report where 197k jobs are expected to have been created in December. We will continue to cautiously float, bu...

January 7th, 2014 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning & Happy New Year! Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Slightly higher Interest rate recommendation: Cautious float MBS’s are slightly better this morning, helping interest rates. Technically, MBS’s are above Resistance level 1, where they have been bouncing around for nearly two weeks, but unable to close above. This week we will get to see the Fed minutes from their December 18th meeting and on Friday we’ll get Decembers Job Report. Both are market movers, but not a lot of other economic news scheduled for this...

January 6th, 2014 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning & Happy New Year! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Slightly higher Interest rate recommendation: Cautious float MBS’s are flat this morning, there are no economic reports due to be released today. There are however several Fed members speaking around the country and their comments could cause some market movement. Most comments we read and analyst opinions are weighing more to higher interest rates this year. We agree to the extent that interest rates will increase, but don’t feel they can increase too much or the f...

January 3rd, 2014 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning & Happy New Year! Interest rate trends: Today – Slightly lower; 10 days – Flat; 25 days – Slightly higher Interest rate recommendation: Cautious float MBS’s are doing fairly well this morning due to a worsening stock market. MBS’s currently are at +16bps and technically sitting right on resistance level 1. No surprises in economic news this morning with all data in line with expectations. We will cautiously float while MBS’s are improving, but be ready to lock as sentiment can change quickly. 2014 brings in a new round of Mortgage regulat...

January 2nd, 2014 Interest Rate Trends and Recommendation