Thu, Feb 3 2011, 5:03 PM
It's been about a month since the last Employment Situation Report
was released. What we had to say about it then is pretty much the same
thing w...
Wed, Feb 2 2011, 5:49 PM
There's really no reason to overcomplicate things at this point.
There is a TON of economic data coming out tomorrow, all throughout the
day....
Tue, Feb 1 2011, 5:16 PM
I have a prediction...
I know what the market is going to do tomorrow.
Yes! Even before it happens!!
I just KNOW (note sarcasm please) th...
Mon, Jan 31 2011, 5:50 PM
Just like the first three weeks of the month, the last week was all
about the range in the primary mortgage market. If you're a first time
reader ...
Fri, Jan 28 2011, 4:14 PM
The word of the month in the primary mortgage market is " RANGE ". <<<---- We wrote that last Friday.
On Monday we said a storm was a brewin. "Don...
Thu, Jan 27 2011, 5:35 PM
After the "high risk events" of the week reached a crescendo
yesterday, today's market movements offered a bit of reprieve for
mortgage rate watch...
Wed, Jan 26 2011, 5:38 PM
Two high risk events came and went over the last 18 hours. The State of the Union address and the release of the FOMC Statement. Although the market'...
Mon, Jan 24 2011, 4:19 PM
The comfy confines of the range are shrinking and the market is growing restless. Stored energy is itching to be released, investors are actively see...
Fri, Jan 21 2011, 4:02 PM
Mortgage rates failed to breakout of that range this week. And although "Best Execution" barely budged yet again....closing costs did rise. On average...
Thu, Jan 20 2011, 5:18 PM
After worsening sharply on Tuesday, mortgage rates didn't move much yesterday. But better than expected economic data this morning and a weak Treasur...
Wed, Jan 19 2011, 3:19 PM
If you're floating a loan, "best execution" mortgage rates didn't change today....but closing costs rose ever so slightly. I might even be reaching wh...
Tue, Jan 18 2011, 4:31 PM
The "best execution" conventional 30 year fixed mortgage rate has risen back to 4.875% today. Lenders are still offering 4.75% but the upfront permane...
Fri, Jan 14 2011, 4:30 PM
In the world of mortgage rates there are varying degrees of opportunity, all of which are dependent on your wants and needs. The last time mortgage ra...
Wed, Jan 12 2011, 4:53 PM
Treasury auctions have been the bond market's main source of motivation this week. Generally these Treasury auctions exert added pressure on mortgage ...
Tue, Jan 11 2011, 4:33 PM
It was an interesting day for mortgage rates. Benchmark Treasury yields rose and MBS prices fell which forced lenders to reprice for the worse. Howeve...
Mon, Jan 10 2011, 6:25 PM
Mortgage rates were generally slightly improved today versus Friday today. The employment data that has been so prevalent in our discussions of late ...
Fri, Jan 7 2011, 5:19 PM
Today was an excellent and necessary victory for folks hoping for stable or falling mortgage rates. But the fight is far from over. Getting by this re...
Thu, Jan 6 2011, 7:12 PM
Well folks, here we are in the evening hours of Thursday on a week where much has been made of tomorrow morning's employment report (which I'll refer ...
Wed, Jan 5 2011, 6:16 PM
Yesterday, we wrote "the release of the ADP Employment Report in the morning could provide some directional guidance because that data tends to be a p...
Tue, Jan 4 2011, 5:26 PM
Today held one of the few market events with the potential to move mortgage rates between now and Friday's employment situation report.
Mon, Jan 3 2011, 6:49 PM
For anyone who is waiting for mortgage rates to inch lower, the bond market faces a major hurdle this Friday, January 7, 2011 when the December Employ...
Thu, Dec 30 2010, 5:29 PM
Today was a sensory overload for rate watchers. Lenders repriced for the worse. Lenders repriced for the better. In the end, mortgage rates were UNCHA...
Wed, Dec 29 2010, 4:17 PM
It was another volatile day in mortgage-land. But this time volatility worked out in our favor. We erased yesterday's loan pricing losses!
Tue, Dec 28 2010, 4:38 PM
If 4.75 was really on the table yesterday, it's not still there today. A thinly attended Treasury auction is cited as the culprit behind rising mortga...
Mon, Dec 27 2010, 4:12 PM
The week ahead is historically slow on Wall Street. This means the potential for interest rate volatility is high and rate watchers should be prepared...
Wed, Dec 22 2010, 5:19 PM
Although our directional guidance givers, benchmark Treasury yields, moved higher today, mortgage rates ended the session in a slightly lower position...
Mon, Dec 20 2010, 4:30 PM
In this shortened holiday week, in an era already frought with volatility, we'd only expect more of the same. However, with last week's strength in M...
Fri, Dec 17 2010, 5:13 PM
Volatility has not been a friend to mortgage rates over the last 30 days, but in the last 36 hours, we've been good buddies!
Thu, Dec 16 2010, 5:57 PM
This may be what you've been waiting for! Over the course of the past few days and weeks, we've been increasingly trying to convey the same message: ...
Wed, Dec 15 2010, 7:52 PM
Only a month ago, best execution 30 year fixed mortgage rates were holding between 4.25% and 4.75%. Heck 4.75% was available on Monday morning! But i...
Mon, Dec 13 2010, 4:10 PM
Plain and Simple: For 30 year fixed mortgages, there is a clear line of demarcation between 4.625% and 4.75%. If you are looking to close in the next ...
Fri, Dec 10 2010, 4:27 PM
Mortgage rates shot higher this week. The new "best execution" par 30 year fixed mortgage rate has jumped firmly up to 4.75%.
Thu, Dec 9 2010, 7:03 PM
Mortgage rates got cheaper at the table today but didn't improve in principal
Wed, Dec 8 2010, 7:10 PM
Plain and Simple: There is a clear line of demarcation between 4.625% and 4.75%. If you are looking to close in the next 2 weeks...4.75% is your likel...
Tue, Dec 7 2010, 5:22 PM
When all was said and done, prices of loan production MBS coupons (which guide lender rate sheets) had fallen over a full point! To bring that number...
Mon, Dec 6 2010, 7:32 PM
If you were out sick on fickle Friday, congratulations! You missed quite a bit of frustration.
Thu, Dec 2 2010, 7:54 PM
Chances are if you're reading this on 12/2, then it's probably too late to make a last minute decision to lock a rate before tomorrow morning's NFP (N...
Wed, Dec 1 2010, 4:58 PM
The same problem that plagued mortgage rates in recent days where 3.5 MBS's were not trading in enough volume to allow rates to dip much below 4.25% i...
Tue, Nov 30 2010, 5:54 PM
Lenders were hesitant to pass along loan pricing improvements yesterday but made up for it today with broad based reductions in consumer borrowing cos...
Mon, Nov 29 2010, 4:59 PM
It's gonna be a big week for mortgage rates, the bond market, and the entire economy. The economic calendar in the week ahead is busy and there are ma...
Wed, Nov 24 2010, 10:46 PM
A moderate recovery to what seemed like decently aggressive loan pricing over the past three days was wiped out in a matter of minutes today.While tha...
Tue, Nov 23 2010, 5:31 PM
Looking back at the distribution of lender pricing offerings over the past two weeks, we've been overwhelmed by volatile movements and knee jerk react...
Mon, Nov 22 2010, 6:11 PM
Monday's trading of mortgage backed securities (MBS), which most closely dictate loan pricing offered by lenders, brought welcome changes in the scope...
Fri, Nov 19 2010, 4:48 PM
The movements of mortgage rates higher and lower throughout the week have become progressively more tame. There was almost an entire point of differe...
Thu, Nov 18 2010, 5:20 PM
What a frustrating week it has been for anyone trying to make sense of the movements in mortgage rates or those hoping to get ahead of the market in o...
Wed, Nov 17 2010, 5:07 PM
At about 11am yesterday, prices of the Mortgage-Backed-Securities most closely tied to rate sheets had bottomed out and began to climb, reaching highs...
Tue, Nov 16 2010, 6:22 PM
After recapturing some of the losses from yesterday, it was right back into sell mode as prices hurtled disturbingly toward even lower prices than yes...
Mon, Nov 15 2010, 4:36 PM
Tension remains high in the primary mortgage market as mortgage rates have extended their losing streak. We're in a tough spot here...
Wed, Nov 10 2010, 6:43 PM
QEII is here. This is the event that will help mortgage rates move back below 4.00% again. Patience is counting down without blasting off.
Tue, Nov 9 2010, 4:30 PM
I think it's safe to say your float boat took on water today. Benchmark Treasury yields seemed to have no ceiling and MBS prices appeared to have no f...
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