Mortgage Rate Insider

Posted by on Mar 31, 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 in the bond market.  This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events.  When MBS pricing goes up, mortgage rates or pricing generally goes down.  When they fall, mortgage pricing goes up.  Tracking these securities real-time is critical.  For more information about the rate market, contact me directly.  I’m among few mortgage professionals who have access to live trading screens during market hours.

Rates Currently Trending: Neutral

Yesterday’s MBS market was better  by +19 bps.  According to Sigma Research there was  moderate volatility.  Yesterday’s move probably wasn’t enough to significantly affect rates or fees.

Today’s Rate Forecast: Neutral

Sigma Research says that the Nationwide Insurance in Columbus Ohio came out with its data release. The national Leading Index of Healthy Housing Markets rose to 109.8 in the fourth quarter. Values greater than 100 indicate a robust industry. The index uses local data in 373 metropolitan statistical areas that are underlying drivers of the housing market, including measures on employment changes, demographics and the mortgage market. Nationwide’s data is interesting, its data called the housing bubble back in 2005, well before Case/Shiller saw it coming.  There was some employment data that came out today, none of it was a terrible surprise nor is it having an affect on mortgage rates.

Today’s Potential Rate Volatility: High

According to Sigma Research the risk for volatility for today is high today.   While there’s not a lot of data due out for the rest of the day that would cause the market to make a big move, we’re still going to caution for high volatility.  Simply because of the overseas matters we’ve been talking about and because the market hasn’t needed a lot of news to make a big move during the day as of late.

Bottom Line:

If you are looking for the risks and benefits of locking your interest rate in today or floating your loan rate, contact your mortgage professional to discuss it with them.

About Jesse Gonzalez
Jesse is member of the National Ethics Association, a member of the National Association of Realtors, certified with the California Association of Realtors as a Seniors Real Estate Specialist, and Jesse is also proud to be certified as a Military Housing Specialist with USA Cares.
About This Report And Disclosure Information
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.

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