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Mortgage Interest rate news, mortgage blog, interest rate blog

April 10, 2014; 9:55am Good morning! Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Locking later today. Mortgage bonds (MBS’s) are doing well this morning, currently better by +38bps, mainly due to a retreating stock market.  MBS’s are presently above the 2nd layer of resistance, so although we hope to get better pricing throughout the day today, technically there will be headwind pressure for bond prices to pull back.  Thus the locking bias, but waiting until afternoon to confirm.&nbs...

April 10th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

April 9, 2014; 9:55am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are flat currently, but slightly better than they were earlier this morning.  Interest rates are the same, but pricing is .25% worse at some rate points.  There are no economic reports due out today, but we will get a look at March’s FOMC meeting minutes at noon today.  Investors are looking at a slower 1st quarter being due to harsh winter weather and are optimisti...

April 9th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

April 8, 2014; 9:29am Good morning! Interest rate trends: Today – Flat; 10 days – Slightly lower; 25 days – Slightly lower Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are flat currently, but slightly better than they were earlier this morning.  Interest rates are looking really good and with the rally bonds had yesterday, we are switching to a locking bias recommendation and enjoy the recent improvement.  Although there are no economic reports due out today, what we are seeing as Spring arrives is that the economy is get...

April 8th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

April 7, 2014; 10:03am Good morning! Interest rate trends: Today – Lower; 10 days – Slightly lower; 25 days – Slightly lower Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are doing well this morning, currently better by +28bps as the stock markets retreat.  There are no economic reports due today.  The U.S. Treasury will auction $64 billion in debt/notes this week.  On Wednesday we will get a glimps at the FOMC meeting minutes and Friday we will get a measure of inflation with the PPI.  While mortgage bonds imp...

April 7th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 31, 2014; 9:50am Good morning! Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Higher Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are worsening again this morning while the stock market gets a high off of Fed Chair Janet Yellen’s comments that the Fed has more options to stimulate a weak economic recovery.  The March Chicago PMI report came in at 55.9 from 59.8 in February, showing additional economic decline.  The Department of Agriculture reports that food prices will increase 2.5% to 3% thi...

March 31st, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 28, 2014; 9:15am Good morning! Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Higher Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are worsening this morning even in the face of the Fed’s Evans who said he expects the Fed’s funds rate to remain near zero well into 2015 due to low inflation and high unemployment numbers.  MBS’s have improved for 6 days straight, so a correction worse can be expected (which we are seeing presently), but losses are modest and not significant at present time...

March 28th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog