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Mortgage Interest rate news, mortgage blog, interest rate blog

March 26, 2014; 10:05am Good morning! Interest rate trends: Today – Lower; 10 days – Higher; 25 days – Higher Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are slightly better this morning, up +18bps.  The Durable Goods Order index in general came out better than expected, but when looking into the report, weaknesses were evident, causing the stock market to lose half of its earlier gains this morning, boosting MBS’s to present levels.  The U.S. Treasury will auction $35 billion in 5 year notes today, yesterday&rsq...

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

Mortgage Interest rate news, mortgage blog, interest rate blog

March 25, 2014; 9:05am Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Higher Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are flat presently, after starting out this morning worse.  New Home Sales declined in February, but Consumer Confidence rose to the highest level in 6 years.  The data is capping interest rates and helping the stock markets presently.  Technically MBS’s have tried to, but been unable to, break through resistance level #2 and stay there.  We therefore main...

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

Mortgage Interest rate news, mortgage blog, interest rate blog

March 24, 2014; 8:43am Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Higher Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are relatively flat this morning, starting out a little lower and moving back to flat presently.  There are no economic reports today, but this week there are many and thus the locking bias recommendation.  In addition to the many economic reports this week, the U.S. Treasury will auction $96 billion in notes.  Bank of America Merrill Lynch is telling the Fed that th...

March 24th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 21, 2014; 9:40am Good morning! Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Higher Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) have been mostly flat this morning, presently slightly better.  After a week of getting roughed up, MBS’s seem to be stabilizing today.  The stock market is rallying today on the rating agency Fitch’s comments that the U.S. is being taken off the watch list and maintains their “AAA” rating.  As tension increases again in the Ukraine arena, i...

March 21st, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 20, 2014; 9:40am Good morning! Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are slightly worse this morning after yesterday’s selloff.  Yesterday’s Fed announcement sent stocks and bonds retreating, Ms. Yellens comments that QE3 could be finished by Fall and the Fed short term rates could rise within 6 months after that is the culprit for the increased interest rates today.  With this said, the trend will be higher for interest rates fo...

March 20th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 19, 2014; 9:30am 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 and not much movement in the markets ahead of the Fed’s Monetary Policy announcement today at noon.  Analysts are expecting another $10 billion in tapering and recommending floating into the announcement.  The economic news has not been impressive lately, so cautious float is still recommended.  Should the Fed’s do or say something une...

March 19th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog