Market Preview

Posted by on Apr 6, 2015 in News | No Comments

Weekly Market Preview What’s on the agenda for this week? This morning the 10 yr opened slightly weaker with the yield at 1.85% down 1 bp frm Friday’s short session; MBS prices early today down 3 bps frm Friday. It was an unusual trading session with the key March employment report released with most markets […]

Mortgage Market Insider News 04-03-15

Posted by on Apr 3, 2015 in News | No Comments

Daily Market Analysis The March employment report this morning wasn’t much of a surprise for us. Long-time subscribers well aware that employment is always a system shock; the direction of the misses compared to estimates is a keystone for the BLS data. This time around the misses are supporting more decline in interest rates. The […]

Mortgage Rate Information 04/02/15

Posted by on Apr 2, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Neutral Higher 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 04/01/15

Posted by on Apr 1, 2015 in News | No Comments

Daily Market Analysis No fooling; March ADP private jobs were weaker than estimates. ADP was expected to report private jobs increased by 230K, jobs increased just 189K. The release bolstered investors’ expectations that the Federal Reserve would wait until later this year to raise short-term interest rates. It is a momentary reprieve, Friday’s BLS employment […]

Mortgage Rate Alert 04/01/15

Posted by on Apr 1, 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 […]