Rate Market Alert**Spoiler**Bond markets are schizo right now.

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

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Higher 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 […]

Atlanta Fed forecasts 0.7% GDP growth in the second quarter

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

Against consensus forecast the Atlanta Fed projected a first quarter GDP print of only 1.2% which was less than half of the current economist consensus. The current 1’st quarter GDP sits negative so the Atlanta Fed was spot on with their projections. Now they project a mere .7% growth for the second quarter which is […]

Sonoma County Home Sales Report 04-2015

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

Sonoma County Home Sales Report for all property types below. The median home price in Sonoma County last month was $510,000!!! Can anyone guess the last time that happened? The answer is September of 2007 when the median home price was $525,000.

Sonoma County Home Sales Report 04-2015

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

Sonoma County Home Sales Report for all property types below. The median home price in Sonoma County last month was $510,000!!! Can anyone guess the last time that happened? The answer is September of 2007 when the median home price was $525,000.

Market update, prepare yourselves

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

Daily Market Analysis Yesterday the huge selling looked like a blow-off kind of move where most all the bulls finally capitulated. The massive selling took 30 yr conventional MBS price down 75 bps, the 10 increased 12 bps to 2.27% and the 30 yr bond +14 bps. The yield curve between 5 yr notes and […]

Mortgage Rates are still volatile

Posted by on May 7, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Higher 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 […]

Analyzing today’s markets for a head start on mortgage rates

Posted by on May 7, 2015 in News | No Comments

Daily Market Analysis Slightly better early this morning; at 7:30 the 10 at 2.21% -3 bp, MBS prices +15 bps. Both the bellwether 10 yr and the tag along MBSs are working on their respective 200 day averages. The 10 closed above it yesterday, MBSs held right on it. Weekly jobless claims expects to have […]

Extreme Rate Volatility Today 05-06-15

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

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Higher 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 […]

05/06/15 Market Updates

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

Daily Market Analysis April ADP private jobs at 8:15 were thought to be up 205K but as reported up 169K and March private jobs were revised to 175K frm 189K originally released, 14K less. Normally a weaker jobs number would improve the bond and mortgage markets but it hasn’t happened today so far. Janet Yellen […]

05-04-15 Mortgage Rate News

Posted by on May 4, 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 […]