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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

Mortgage Interest rate news, mortgage blog, interest rate blog

March 18, 2014; 10:19am Good morning! Interest rate trends: Today – Slightly lower; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are slightly better presently at +12bps, earlier today they were worse due to tension easing in the Ukraine and the stock market regaining what it lost last week.  However, since then MBS’s have improved on worse than expected economic data.  Housing starts fell for the 3rd straight month, Inflation came in as expected and slightly lower.  Interest rat...

March 18th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 17, 2014; 9:29am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are flat to slightly worse this morning as the stock market rally’s.  The Empire Manufacturing index came out where expected and better than last month.  The March NAHP Housing Market Index came in at 47, up from 46 last month, but 50 and above is considered good.  As mentioned last week, the improvement we saw in interest rates and pricing due to tension in the Uk...

March 17th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog