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Mortgage Interest rate news, mortgage blog, interest rate blog

April 17, 2014; 10:43am Good morning! Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are taking a hit today on better than expected economic reports.  The only good news for mortgage interest rates was Fed Chair Janet Yellen’s comments that a health Jobs Report is still a few years out, indicating to the stock market investors that interest rates should remain low for a long time.  The Stock market is flat on all the news, but mortgage bonds are taki...

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

Mortgage Interest rate news, mortgage blog, interest rate blog

April 16, 2014; 9:43am Good morning! Interest rate trends: Today – Slightly higher; 10 days – Lower; 25 days – Lower Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) are slightly worse this morning on mixed economic news.  The stock market is rallying on the news, the Dow is currently up +101 points.  Positive economic news out of China is the catalyst and is hurting mortgage bonds at the moment, although loses are minimal.  Tomorrow we will see the Philly Fed index and Initial Jobless claims, could cause some movement, ...

April 16th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

April 15, 2014; 9:38am Good morning! Interest rate trends: Today – slightly Lower; 10 days – Lower; 25 days – Lower Interest rate recommendation:  Very cautious float. Mortgage bonds (MBS’s) are a little volatile this morning on mixed economic news.  The CPI measured inflation at slightly higher than expected, but the NY Manufacturing index along with the NAHB index both came in lower than expected.  The NAHB number came in at 47, below 50 is not good for the building industry.  We are less concerned about locking today, we are wanting to...

April 15th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

April 14, 2014; 10:30am Good morning! Interest rate trends: Today – slightly higher; 10 days – Lower; 25 days – Lower Interest rate recommendation:  Locking bias. Mortgage bonds (MBS’s) are a little volatile this morning, trading in both positive and negative territory.  Presently MBS’s are worse at -9bps as stocks rally, Dow currently up +130 points.  Retail Sales came in better than expected, helping the stock rally and creating headwind for interest rates.  We will maintain our locking recommendation at this time.  Tomorrow ...

April 14th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

April 11, 2014; 9:30am Good morning! Interest rate trends: Today – Flat; 10 days – Lower; 25 days – Lower Interest rate recommendation:  Locking bias. Mortgage bonds (MBS’s) are a little volatile this morning with the movement in the stock market, but have posted gains for the last 6 days in a row.  In economic news, inflation figures from the PPI came in hotter than expected, Consumer Sentiment came in better than expected and with the employment picture appearing to be getting better, the U.S. economy is showing signs of improvement.  Yester...

April 11th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

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