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Mortgage Interest rate news, mortgage blog, interest rate blog

March 11, 2014; 9:48am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Locking bias Mortgage bonds (MBS’s) started the morning flat, but have turned worse in the last few minutes and thus our change to a locking bias.  Interest rates are mostly the same as yesterday, but some have moved slightly worse.  With no real news to go off of, stocks are rising at the expense of bonds.  One again, no economic news until Thursday when we get Retail Sales numbers.  The Treasury wil...

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

Mortgage Interest rate news, mortgage blog, interest rate blog

March 10, 2014; 10:01am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are flat to slightly better this morning with no U.S. economic news and China’s weaker than expected exports.  This week is have Retail Sales numbers Thursday and inflation numbers on Friday.  Other than that, there are no U.S. economic reports this week.  The U.S. Treasury will auction $64 billion in 3, 10 & 30 year bonds this week.  With interest rate...

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

Mortgage Interest rate news, mortgage blog, interest rate blog

March 7, 2014; 9:32am Good morning! Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Very cautious float Mortgage bonds (MBS’s) are worse this morning on slightly better than expected Government Jobs Report where 175k jobs were reported as created in February.  Initially this caused MBS’s to worsen significantly, but since then they are bouncing back.  The unemployment rate ticks up to 6.7%.  Interest rates are still looking good, not much change.  The stock markets are flat so...

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

Mortgage Interest rate news, mortgage blog, interest rate blog

March 6, 2014; 10:01am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Very cautious float Mortgage bonds (MBS’s) are mostly flat today as economic news although not much, is slightly good for the economy and keeping interest rates from improving further.  All eyes are now on tomorrow’s Government Jobs Report where 163k jobs are expected to have been created during the month of February.  Analysts are recommending locking going into this report tomorrow, but we feel the repo...

March 6th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 5, 2014; 7:59am Good morning! Interest rate trends: Today – Flat; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) took a hit yesterday due to tensions easing in the Ukraine and the stock market rally.  So far today MBS’s are flat.  The ADP employment report shows 139k jobs were created in February, vs. 150k expected.  We are likely to have another bad Government Jobs Report on Friday and get back much of what we lost in interest rates yesterday, on Friday.  Although anal...

March 5th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog

Mortgage Interest rate news, mortgage blog, interest rate blog

March 4, 2014; 9:26am Good morning! Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Flat Interest rate recommendation:  Cautious float Mortgage bonds (MBS’s) are worsening slightly this morning, mostly due to Russia indicating that an invasion is not yet necessary, and the stock markets rallying on the news.  Corelogic reported today that home prices rose 12% January 2013 to January 2014.  There are no economic reports being released today so the bond markets will be mostly subject to the stock markets.  Analysts continue ...

March 4th, 2014 Mortgage Interest rate news, mortgage blog, interest rate blog