Market update 05-04-15

Posted by on May 4, 2015 in News | No Comments

Daily Market Analysis A little weaker this morning, the 10 at 2.14% +3 bp at 7:00 am, 30 yr MBS prices -10 bps from Friday’s close. By 9:30 a slight improvement. This is employment week; Friday the April employment data, the first when analysts can’t fall back on the weather as a deterrent to economic […]

Market Analysis

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

Daily Market Analysis Volatility returned yesterday. Stocks rolled over yesterday afternoon with the DJIA at one point down 250 points, NASDAQ ended down 82 points. Interest rate markets opened weak yesterday morning with the 10 yr at 2.10% +6 bps and 30 yr MBS prices -28 bps at 9:30. By the end of the session […]

Mortgage Rates are VOLATILE

Posted by on May 1, 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 […]

Market alert 04/28/15

Posted by on Apr 28, 2015 in News | No Comments

Daily Market Analysis More inital selling this morning after prices slipped yesterday. Preparing for tomorrow’s FOMC policy statement. The 10 at 9:00 1.954% +2.5 bps, 30 yr MBS price -20 bps frm yesterday’s close. Feb Case/Shiller 20 city home price index expected +4.8% hit at +5.0% yr/yr and +0.9% frm January against expectations of +0.7%; […]

Mortgage Rates at a Glance 04-27-15

Posted by on Apr 27, 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 AVERAGE (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 Update 04/27/15

Posted by on Apr 27, 2015 in News | No Comments

Weekly Market Preview What’s on the agenda for this week? Bonds and MBSs opened weaker this morning (price); Friday the 10 yr note yield declined 4 bps to 1.92% and improved the near term technical outlook. Looking for any bright spot, however the rate markets are well-contained in tight trading ranges; until the ranges are […]

Mortgage Rate Report 04-23-15

Posted by on Apr 24, 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 Average (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 […]

Daily Market Analysis 04-24-15

Posted by on Apr 24, 2015 in News | No Comments

Daily Market Analysis The only data today, March durable goods orders, was expected up 0.5% and ex transportation orders up 0.3%. Orders increased 4.0%, excluding transportation orders down 0.2%. Those are normally the headlines but looking into the guts of the report it isn’t good. Orders for business equipment declined, the seventh month it has […]

Mortgage Rate Movements Explained 04-21-15

Posted by on Apr 21, 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 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 […]

Daily Market Alert

Posted by on Apr 21, 2015 in News | No Comments

Daily Market Analysis No movement again early this morning in the bond and MBS markets but losing some ground at 9:30. The 1.86% 10 yr wall has held since March 24th, no additional improvement but equally no selling. Greece is in the headlights; after a few months of not much interest in Greece markets are […]