October 28, 2009, 6:30 AM PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +1/32. Durable Orders came in right on target and produced little reaction. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.04% at 5.1% on Oct.27 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.756% Down 0.053%. 10 Year Treasury currently 3.450% Down -0.04% DJI Stocks $9,843.70, Down -38.47, -0.39% European and Asian Markets Down -1.332% Nymex Crude Oil currently $78.75 … (1 comments)
October 27, 2009, 11:00 AM PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +11/32, above 9:45 AM ET pricing of +2/32, and at the high for the day. Several lenders have reposted improved rates. Demand was very strong for the 2-yr auction and weaker than expected Consumer Confidence data helped MBS markets. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.04% at 5.1% on Oct.27 Fannie Mae Mortgage Backed SecuritiesMBS Opened at … (1 comments)
market update: PM Rate Lock Advisory and Market Update
- 10/26/09 12:27 PM
Rate Lock Advice and Mortgage Market Update October 26, 2009, 3:00 PM PT RATE LOCK ADVISORY Lock Advice: LOCKMBS prices closed down -10/32, below 9:45 AM ET initial lender pricing of -4/32. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.06% on Oct.26 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.775% Up 0.038%. 10 Year Treasury currently 3.550% Up 0.04% DJI Stocks closed at $9,867.96, Down -104.22, -1.05% European and Asian Markets Down -1.006% Nymex Crude Oil currently $78.68 Down $1.82 … (1 comments)
market update: Rate Lock Advice and Mortgage Market Update
- 10/26/09 10:10 AM
Rate Lock Advice and Mortgage Market Update October 26, 2009, 3:00 PM PT RATE LOCK ADVISORY Lock Advice: LOCKMBS prices closed down -10/32, below 9:45 AM ET initial lender pricing of -4/32. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.06% on Oct.26 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.775% Up 0.038%. 10 Year Treasury currently 3.550% Up 0.04% DJI Stocks closed at $9,867.96, Down -104.22, -1.05% European and Asian Markets Down -1.006% Nymex Crude Oil currently $78.68 Down $1.82 … (3 comments)
market update: PM Rate Lock Advice and Mortgage Market Update
- 10/23/09 03:27 AM
Rate Lock Advice and Mortgage Market Update October 23, 2009, 8:20 AM PT RATE LOCK ADVISORY Lock Advice: LOCKMBS prices are down -7/32For the third straight day, MBS markets faced early downward pressure. The last two days, MBS markets recovered their losses by the end of the session although today's early losses are the largest. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.04% on Oct.22 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.737% Up 0.02%. 10 Year Treasury currently 3.460% … (1 comments)
market update: Rate Lock Advice and Mortgage Market Update
- 10/21/09 11:15 AM
Rate Lock Advice and Mortgage Market Update October 21, 2009, 4:00 PM ET RATE LOCK ADVISORY Lock Advice: FLOATBusy day in Mortgage Land. MBS prices dropped to -12/32 then rebounded to -1/32. It was a volatile session. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.04% on Oct.21 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.696% Down 0.016%. 10 Year Treasury currently 3.390% Up 0.04% DJI Stocks closed the day at $9,949.36, Down -92.12, -0.92% European and Asian Markets Up 0.095% … (0 comments)
market update: Rate Lock Advice and Mortgage Market Update
- 10/21/09 05:58 AM
Rate Lock Advice and Mortgage Market Update October 21, 2009, 10:45 AM ET RATE LOCK ADVISORY Lock Advice: LOCKUnfavorable repricing is a risk. MBS prices are down -12/32 below 9:45 AM ET initial lender pricing of -6/32. Investors continue to react to comments from global central bankers about tighter monetary policy. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.04% on Oct.21 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.696% Down 0.016%. 10 Year Treasury currently 3.390% Up 0.04% DJI Stocks … (2 comments)
market update: Rate Lock Advice and Mortgage Market Update
- 10/20/09 04:29 AM
Rate Lock Advice and Mortgage Market Update October 20, 2009, 9:25 AM ET RATE LOCK ADVISORY Lock Advice: FLOAT with CautionMBS prices are up +6/32 after both PPI and Housing Starts came in lower than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.04% on Oct.19 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.712% Down 0.022%. 10 Year Treasury currently 3.320% Down -0.09% DJI Stocks $10,012.01, Down -80.18, -0.79% European and Asian Markets Down -0.174% Nymex Crude Oil currently … (1 comments)
RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are down -2/32. No economic data will be released today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.01% at 5.05% on Oct.16 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.734% Down 0.022%. 10 Year Treasury currently 3.390% Down -0.04% DJI Stocks $10,067.63, Up 71.72, 0.72% European and Asian Markets Up 0.968% Nymex Crude Oil currently $78.58 Up $0.05
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market update: Rate Lock Advice and Mortgage Market Update
- 10/16/09 03:35 AM
PM Rate Lock Advice and Mortgage Market Update October 16, 2009, 8:28 PM ET RATE LOCK ADVISORY Lock Advice: FLOATMBS Prices are currently up 2/32.This morning, the stock decline market helped MBS markets. September Industrial Production rose 0.7%, above the consensus forecast of 0.1%. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.03% at 5.04% on Oct.15 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.756% Up 0.063%. 10 Year Treasury currently 3.430% Down -0.06% DJI Stocks $9,964.62, Down -98.32, -0.98% European and … (0 comments)
market update: PM Rate Lock Advice and Mortgage Market Update
- 10/15/09 09:42 AM
PM Rate Lock Advice and Mortgage Market Update October 15, 2009, 1:30 PM ET RATE LOCK ADVISORY Lock Advice: LOCKMBS prices closed down -10/32, below 9:45 AM ET inititial pricing level for most lenders of -8/32, and at the low for the day. It was a very volatile session, with MBS prices moving back to unchanged levels before falling again RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.03% at 5.04% on Oct.15 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.694% Up … (0 comments)
market update: PM Rate Lock Advice and Mortgage Market Update
- 10/14/09 09:12 AM
PM Rate Lock Advice and Mortgage Market Update October 14, 2009, 2:00 PM ET RATE LOCK ADVISORY - Market Close Lock Advice: LOCKIt was pretty bumpy today in mortgageland. MBS prices finally closed down -9/32. Many lenders increased rates midday. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.01% at 5.01% on Oct.14 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.666% Up 0.003%. 10 Year Treasury currently 3.420% Up 0.08% DJI Stocks closed at $10,015.86, Up 144.8, 1.47% European and Asian Markets … (1 comments)
October 14, 2009, 11:55 AM ET RATE LOCK ADVISORY Lock Advice: LOCKMBS prices just dropped to -9/32 and may cause rate increase from lenders who priced when MBS were higher RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.01% at 5.01% on Oct.14 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.666% Up 0.003%. 10 Year Treasury currently 3.420% Up 0.08% DJI Stocks $9,986.99, Up 115.93, 1.17% European and Asian Markets Up 1.82% Nymex … (0 comments)
Rates 10-13-09, 11:50 AM PT 30 Year Fixed to $417,000Rate 4.625% Point 1.000, APR 4.772%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates. No Application or Credit Report required RATE LOCK ADVISORY October 13, 2009, 11:20 AM ET Lock Advice: FLOATMBS prices are up +11/32. The latest comments from Fed officials suggested that rate hikes are still a long way off, which helped MBS markets. No economic data will be released today. RATE NOTES:When MBS … (1 comments)
market update: PM Rate Lock Advice and Mortgage Market Update
- 10/12/09 08:42 AM
PM Rate Lock Advice and Mortgage Market Update Rates 10-12-09, 8:30 AM PT 30 Year Fixed to $417,000Rate 4.625% Point 1.250, APR 4.796%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required
October 12, 2009, 1:30 AM ET RATE LOCK ADVISORY Lock Advice: LOCKLock advice is based Friday's MBS Market. Some lenders and MBS markets are closed in observance of Columbus Day. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic … (2 comments)
market update: Rate Lock Advice and Mortgage Market Update
- 10/12/09 04:05 AM
PM Rate Lock Advice and Mortgage Market Update Rates 10-12-09, 8:30 AM PT 30 Year Fixed to $417,000Rate 4.625% Point 1.250, APR 4.796%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required
October 12, 2009, 8:30 PM ET RATE LOCK ADVISORY Lock Advice: LOCKMBS markets are closed in observance of Columbus Day. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage … (3 comments)
market update: Rate Lock Advice and Mortgage Market Update
- 10/09/09 04:47 AM
PM Rate Lock Advice and Mortgage Market Update Rates 10-09-09, 8:15 AM PT 30 Year Fixed to $417,000Rate 4.625% Point 1.250, APR 4.796%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required October 9, 2009, 9:35 PM ET RATE LOCK ADVISORY Lock Advice: LOCKUnfavorable repricing is a risk again. MBS prices are down 17/32This morning, the August Trade Deficit was a little lower than expected. MBS markets will close early around 2:00 PM ET. RATE NOTES:When MBS prices are … (1 comments)
market update: PM Rate Lock Advice and Mortgage Market Update
- 10/08/09 01:16 PM
PM Rate Lock Advice and Mortgage Market Update Rates 10-08-09, 11:30AM PT 30 Year Fixed to $417,000Rate 4.500% Point 1.000, APR 4.645%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required October 8, 2009, 1:30 PM ET RATE LOCK ADVISORY Lock Advice: LOCKA very volatile MBS market today. Started with a Float recommendation, moved to Lock then back to Float. MBS prices closed the day down 2/32. Weak results for the 30-yr auction hurt MBS markets. RATE NOTES:When MBS prices … (1 comments)
market update: Rate Lock Advice and Mortgage Market Update
- 10/08/09 05:54 AM
PM Rate Lock Advice and Mortgage Market Update Rates 10-08-09, 8:00 AM PT 30 Year Fixed to $417,000Rate 4.500% Point 1.000, APR 4.648%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required October 8, 2009, 10:40 AM ET RATE LOCK ADVISORY Lock Advice: LOCKMidday price increase may be a risk. MBS prices are unchanged (FNMA 30-yr 4.5 at 101.29), below 9:45 et pricing of +4/32. Weak results for the 30-yr auction have hurt MBS markets. RATE NOTES:When MBS prices … (3 comments)
market update: PM Rate Lock Advice and Mortgage Market Update
- 10/07/09 08:29 AM
PM Rate Lock Advice and Mortgage Market Update California Rates 10-07-09, 1:15 PM PT For 30 Year Fixed to $417,000Rate 4.500% Point 1.000, APR 4.643%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +9/32. MBS markets were helped by strong demand for the 10-Yr Treasury auctionBond yields were down today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad … (2 comments)
Rate Lock Advice and Mortgage Market Update
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