mortgage market update: Mortgage Market Update - ALERT TO LOCK - 06/27/07 02:39 PM
Well, when I'm wrong I'm wrong. Earlier today I recommended cautiously floating, but we've seen a deterioration in mortgage backed securities to the tune of 19 bps on the day. This is enough for lenders to possibly reprice for the worse. Probably not enough to worsen rates, but certainly enough to … (1 comments)
mortgage market update: Mortgage Market Update - Inflation lessening? - 06/27/07 12:40 PM
Current Conforming 30 Year Fixed Rate: 6.375% (Oregon Mortgage Rates) Current Rate Trend: Modestly improving Market News: Today's Durable Goods Orders came in worse then expected today giving Bonds a modest boost. The reading of 2.8% was the worst since January and indicates that businesses are making fewer capital purchases. Fewer purchases … (3 comments)
mortgage market update: Mortgage Market Update - Clear and Sunny as Core CPI holds steady - 06/15/07 08:45 AM
We're currently seeing a 12 bps improvement in price on mortgage backed securities this AM and the Core CPI came in as expected. If this holds we'll see an improvement in rates today over yesterday that combined with yesterday's improvement could be .125% in rate. "WASHINGTON (MarketWatch) -- Higher energy prices drove … (0 comments)
mortgage market update: Mortgage Market Update - Is the worst over? - 06/13/07 10:41 AM
30 year Conforming fixed rate at Par is hovering around 6.5% After seeing rates increase by 1% over the last month are we finally at the end? Today Mortgage Backed Securities dropped below the 200 day moving average only to bounce back up. They are currently trading 19 bps up for the day … (4 comments)
mortgage market update: Mortgage Market Update - 05/29/07 10:04 AM
Current Price of FNMA 5.5% Bond: $97.69 -9 bp on the day Current 30 year fixed rate at par - 6.125% This week's the economic calendar promises to be a tough one with several high-impact reports. Tuesday kicks off the week with Consumer Confidence; Wednesday has the latest FOMC meeting minutes; Thursday brings 1st Quarter … (3 comments)
mortgage market update: Mortgage Market Update - And the Slide Continues... - 05/24/07 11:50 AM
Current Price of FNMA 5.5% Bond: $97.66 -12bp This is an improvement from today's lows of -19 bp Current 30 year fixed rate at par - 6.125% Mortgage Bonds are taking a beating after a stellar New Home Sales report was released. New Home Sales were reported at 981,000, which was much stronger … (0 comments)
mortgage market update: Mortgage Market Update - Ripe for a Rebound? - 05/22/07 02:58 PM
Current Price of FNMA 5.5% Bond: $97.968 30 Yr Fixed prices at par are now around 6.125% Currently, the Bond Market is getting hammered. We've seen a loss of 22 bps (basis points) today alone. We are in the midst of a reprice for the worst yet again today. However, we could be … (0 comments)
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Well, when I'm wrong I'm wrong. Earlier today I recommended cautiously floating, but we've seen a deterioration in mortgage backed securities to the tune of 19 bps on the day. This is enough for lenders to possibly reprice for the worse. Probably not enough to worsen rates, but certainly enough to … (1 comments)
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