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Interest Rate Trends and Recommendation

Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat Interest rate recommendation: Locking MBS’s are flat to slightly worse this morning even with the worse than expected economic news. Stock futures are higher, causing interest rates from moving much better. This will be a slow week with the holiday and skeleton crews working the trading desks. We will be winding down the year while spending more time with family and albeit still contactable at our phone #’s and emails, we will not be in the office as much as normal. The next Mark...

December 23rd, 2013 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat Interest rate recommendation: Locking MBS’s are rallying after the opening woes due to the Fed purchasing of MBS’s. In headline news, GDP came in stronger than expected, causing the Stock markets to rally and the mortgage bond markets to worsen initially. We are switching to a locking bias even though MBS’s have improved this morning. The reason is the stronger than expected economic news and now that the Fed has purchased, the remainder of the day we suspect MBS’s wi...

December 20th, 2013 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning! Interest rate trends: Today – Slightly higher; 10 days – Higher; 25 days – Flat Interest rate recommendation: Cautious float Interest rates came out unchanged today even when MBS’s are slightly worse this morning. All eyes are on the Fed statement at noon today which will trump all economic data. Of minor consideration today, Housing Starts came in far better than expected, but Building Permits came in lower than expected. The Treasury just auctioned $35 billion in 5 year notes today, garnering a terrible “D” rating. MBS’s are headed w...

December 18th, 2013 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning! Interest rate trends: Today – Slightly lower; 10 days – Higher; 25 days – Flat Interest rate recommendation: Cautious float Interest rates are the same today as yesterday. MBS’s are slightly better this morning on mixed economic news. Inflation numbers for November came in tame, helping to support current interest rate levels. The National Association of Homebuilders Index rose 4 points to 58, showing a good demand. The Treasury will sell $32 billion in 2 year notes today, which tends to help interest rates slightly even though it is added supply for in...

December 17th, 2013 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning! Interest rate trends: Today – Slightly lower; 10 days – Higher; 25 days – Flat Interest rate recommendation: Cautious float MBS’s are flat to slightly better this morning, helping interest rates to be slightly better today than on Friday. In today’s economic news, we saw both positive and negative reports as the economy tries to improve, but is obviously struggling. We’d like to float into Wednesday’s Fed Monetary Statement at noon our time, in hopes to see rates improve if Tapering is held off to next year. Should the Fed start taperi...

December 16th, 2013 Interest Rate Trends and Recommendation

Interest Rate Trends and Recommendation

Good morning! Interest rate trends: Today – Slightly lower; 10 days – Higher; 25 days – Flat Interest rate recommendation: Locking bias MBS’s are flat to slightly better this morning, but worse than about an hour ago. Today the PPI came out showing inflation still very well under control, giving MBS’s an initial boost earlier this morning. Most investors are now on a wait and see what Fed says next week at their statement after the 2 day meeting. The Fed statement will occur on Wednesday the 18th around noon. More analysts are expecting Tapering to occur next w...

December 13th, 2013 Interest Rate Trends and Recommendation