Weekly Market Preview, After MLK holiday

Posted by on Jan 20, 2015 in News | No Comments

Weekly Market Preview What’s on the agenda for this week? Slightly better early this morning; at 6:00 am the 10 yr note yield was trading down to 1.80% from 1.83% at Friday’s close. By 9:00 the 10 lost a little of the improvement in Europe’s trading. Trading activity early was very thin. Speculation that the […]

Mortgage Rate Insider

Posted by on Jan 16, 2015 in News | No Comments

  Rates At a Glance     Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Lower Lower High (by Sigma Research)   Today’s Mortgage Rate Summary     How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are […]

Market Analysis

Posted by on Jan 16, 2015 in News | No Comments

Daily Market Analysis Prior to 8:30 the 10 yr yield was at 1.71%, slightly lower than yesterday’s 1.72% close. MBS prices early on were down 20 bps from yesterday’s close. CPI hit at 8:30; the overall price index was down 0.4% right on most forecasts, when food and energy are eliminated CPI was unchanged from […]

Daily Market Analysis 01-15-15

Posted by on Jan 15, 2015 in News | No Comments

Daily Market Analysis Three reports at 8:30 this morning; weekly jobless claims expected about unchanged at 295K increased 19K to 316K. The increase has claims at a four month high, but most of the claims were filed by seasonal workers that were terminated after the holidays. Claims in the last three weeks of Dec and […]

Mortgage Rates Today 01-15-15

Posted by on Jan 15, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Lower Lower High (by Sigma Research) Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day […]

Market analysis for 01-14-15

Posted by on Jan 14, 2015 in News | No Comments

Daily Market Analysis Dec retail sales this morning shook markets. Sales were generally expected to be down 0.1%; as reported sales plunged 0.9%, ex auto sales -1.0%. Adding to the soft retail Nov. originally reported up 0.7% was revised to +0.4%. We have been warning the economy is weaker than the financial world was trying […]

Mortgage Rate Insider 01-14-15

Posted by on Jan 14, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Lower Lower High (by Sigma Research) Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day […]

Market Analysis 01-13-15

Posted by on Jan 13, 2015 in News | No Comments

Daily Market Analysis   Treasuries and MBSs did a little better yesterday; this morning the 10 opened about unchanged in very early activity. MBS price at 8:30 +5 bps from yesterday’s close. Crude oil fell again yesterday on comments from OPEC that indicate there will be no production cuts; OPEC wants its share whatever the […]

Mortgage Rate Insider 01-13-15

Posted by on Jan 13, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Lower Lower Low (by Sigma Research) Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day […]

I was quoted in another publication!!!

Posted by on Jan 12, 2015 in News | No Comments

Take a look at the article here, written by Christina Lavingia of Gobankingrates.com The article is very good and I was asked for my thoughts on how Millennials will be changing the face of housing over the next 15 years.  Here’s an excerpt from the article. According to Jesse Gonzalez, president and broker of record […]