Market Analysis 03-16-15

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

Daily Market Analysis Slightly better start this morning for both stocks and bonds. Friday the bond and mortgage markets ended the session unchanged Thursday. This week is FOMC week, the meeting starts tomorrow and concludes Wednesday afternoon with the policy statement, Yellen’s press conference and the Fed’s quarterly forecasts for the economy. The focus frm […]

Market Analysis

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

Daily Market Analysis Treasuries and MBSs were slightly weaker (price) prior to 8:30. Feb PPI released at 8:30, the consensus was for overall PPI to increase 0.3% and the core (ex food and energy) +0.1%; as reported PPI dropped 0.5% and the core also down 0.5%. The initial reaction in the bond and mortgage markets […]

Mortgage Rates at a Glance

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

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Neutral Neutral 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 Report 03-12-15

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

Daily Market Analysis Treasuries were trading better this morning prior to the 8:30 data. Feb retail sales hit at 8:30,down 0.6%, the third month in a row sales have declined (-0.8% in Jan and -0.9% in Dec); the consensus was for a 0.3% increase in sales. Excluding auto sales, sales were down 0.1% against +0.5% […]

Mortgage Rates Today 03-12-15

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

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Neutral Neutral 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 03-11-15

Posted by on Mar 11, 2015 in News | No Comments

Daily Market Analysis Big selling in the stock market yesterday as worries about the strength of dollar hurting US company’s earnings outlooks and a generally over-bought market gave the bond and mortgage markets a nice retracement. The 10 dropped 7 bps and 30 yr MBS prices were up 44 bps. No change however in the […]

Mortgage Rate News 03-11-15

Posted by on Mar 11, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Neutral Neutral 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 03-10-15

Posted by on Mar 10, 2015 in News | No Comments

Daily Market Analysis We mentioned increased market volatility yesterday; today both stocks and bonds are volatile with stock indexes quite weak and treasuries and MBSs are doing better adding to the improvements yesterday. The 10 at 9:00 at 2.15% down 5 bps and MBS prices 22 bps higher than yesterday’s 28 bp improvement. Friday the […]

Daily Mortgage Rate Update 03-10-15

Posted by on Mar 10, 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 […]

Upcoming Market News

Posted by on Mar 9, 2015 in News | No Comments

Weekly Market Preview What’s on the agenda for this week? Friday’s Feb employment report sent interest rates sky-rocketing higher, the 10 yield increased 14 bps to 2.25% breaking the last near term support that was at 2.12%. 30 yr MBS prices down 81 bps on the 3.0 FNMA coupon. The stock market didn’t do well, […]