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mortgage interest rate lock advisory: The Weekly Mortgage Market Watch – Monday, August 3, 2009 - 08/03/09 09:28 AM
The Mortgage Market Watch for the Week of August 3, 2009
In his weekly forecasting note, John Herrmann from Herrmann Forecasting stated that "the US recession has ended, and the economy has embarked on a new path of recovery path in the third quarter of 2009." Other analysts are just as optimistic, as the 2nd Quarter Gross Domestic Product (GDP) report released last Friday came in better than expected. The report indicated that the economy dropped only 1% between April and June of this year, indicating that the recession is nearing the end.
Economic Reports to be Released This Week:
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory for Massachusetts, Maine, and New Hampshire – July 30, 2009 - 07/30/09 10:17 AM
Here are the factors affecting mortgage interest rates in Massachusetts, Maine and New Hampshire today.
What the Mortgage Backed Securities (MBS) Market is Doing Today:
The FNMA 30-Year 4.5% MBS coupon opened down 3/32 this morning to 99.72 on concerns about the amount of debt the government is auctioning.
The price of the FNMA 30-Year 4.5% MBS coupon closed up 4/32 yesterday to 99.81 (as shown by the white line). MBS is currently trading down 8/32 at 99.56 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory for Massachusetts, Maine, and New Hampshire – July 29, 2009 - 07/29/09 11:13 AM
Here are the factors affecting mortgage interest rates in Massachusetts, Maine and New Hampshire today.
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened up 5/32 this morning to 99.84.
The price of the FNMA 30-Year 4.5% coupon closed up 8/32 yesterday to 99.69 (as shown by the white line). MBS is currently trading up 9/32 at 99.97 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect that mortgage … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory for Massachusetts, Maine, and New Hampshire – July 28, 2009 - 07/28/09 10:25 AM
Here are the events affecting mortgage interest rates in Massachusetts, Maine and New Hampshire today.
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened up 5/32 this morning to 99.59.
The price of the FNMA 30-Year 4.5% coupon closed down 3/32 yesterday to 99.44 (as shown by the white line). MBS is currently trading up 8/32 at 99.69 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates will … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory for Massachusetts, Maine, and New Hampshire – July 27, 2009 - 07/27/09 11:29 AM
Here are the events affecting mortgage interest rates in Massachusetts, Maine and New Hampshire today.
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened down 5/32 this morning to 99.38.
The price of the FNMA 30-Year 4.5% coupon closed up 1/32 on Friday to 99.53 (as shown by the white line). MBS fell as much as 10/32 this morning to 99.22, but is currently trading up 4/32 at 99.41 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - July 13, 2009 - 07/14/09 09:02 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened down 2/32 this morning to 100.55.
The price of the FNMA 30-Year 4.5% coupon closed up 3/32 on Friday to 100.61 (as shown by the white line). MBS fell as much as 7/32 this morning to 100.45, but is currently trading up 5/32 at 100.69 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates will be 0.125% - 0.25% worse in … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - July 10, 2009 - 07/10/09 11:38 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened down 11/32 this morning to 100.17 but quickly recovered.
The price of the FNMA 30-Year 4.5% coupon closed down 13/32 yesterday to 100.52 (as shown by the white line). MBS is currently trading up 5/32 at 100.69 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect that mortgage rates will be 0.125% - 0.25% better in price this morning as compared to … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - July 9, 2009 - 07/09/09 12:39 PM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened down 10/32 this morning to 100.67 as Alcoa's quarterly earnings report came in higher then expected and as new claims for unemployment last week were much less than expected.
The price of the FNMA 30-Year 4.5% coupon closed up 19/32 yesterday to 100.98 (as shown by the white line). MBS is currently trading down 9/32 at 100.70 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - July 8, 2009 - 07/08/09 10:01 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened relatively flat at up 2/32 this morning to 100.44 as traders await the results of the auction of the 10 year Treasury Note this afternoon.
The price of the FNMA 30-Year 4.5% coupon closed up 9/32 yesterday at 100.38 (as shown by the white line). MBS opened up another 2/32 this morning, but is currently trading down 1/32 at 100.36 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - July 7, 2009 - 07/07/09 10:05 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened down 3/32 this morning to 100.02 despite losses in the stock market.
The price of the FNMA 30-Year 4.5% coupon closed at the same as it's opening yesterday at 100.11 (as shown by the white line). MBS opened down 3/32 this morning before reversing course, and is currently trading up 4/32 at 100.23 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - July 6, 2009 - 07/06/09 11:29 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened down 3/32 this morning to 100.02 despite losses in the stock market.
The price of the FNMA 30-Year 4.5% coupon closed up 6/32 on Thursday to 100.11 (as shown by the white line). The MBS was down as much as 6/32 this morning before reversing course. MBS is currently trading down 4/32 at 99.98 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - July 2, 2009 - 07/02/09 09:32 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened down 4/32 this morning to 99.80 ahead of the unemployment and employment situation reports.
The price of the FNMA 30-Year 4.5% coupon closed up 5/32 yesterday to 99.92 (as shown by the white line). The MBS was down as much as 4/32 this morning before reversing course on a worse than expected employment situation report. MBS is currently trading up 3/32 to 100.02 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - July 1, 2009 - 07/01/09 10:10 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 4.5% MBS opened down 8/32 this morning to 99.52 despite a worse than expected ADP employment report.
The MBS was down as much as 9/32 this morning before reversing course on weaker pending home sales and constructions spending. MBS is currently trading down just 7/32 to 99.55 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates will be 0.125% - 0.25% worse in price … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - June 30, 2009 - 06/30/09 09:40 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30-Year 5.0% Coupon opened down this morning 9/32 to 101.71 on signs the decline in housing prices is beginning to wane.
The price of the FNMA 30-Year 5.0% coupon closed yesterday up 5/32 to 102.00 (as shown by the white line). The MBS was down as much as 11/32 this morning, but is currently trading down 7/32 to 101.79 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - June 29, 2009 - 06/29/09 10:48 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30 Year 5.0% Coupon opened this morning up 4/32 from Friday's close to 101.94.
The price of the FNMA 30-Year 5.0% coupon closed down 3/32 from its opening on Friday to 101.83 (as shown by the white line). The MBS was up as much as 8/32 this morning, but is currently trading up 3/32 to 101.92 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect that … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - June 26, 2009 - 06/26/09 11:11 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30 Year 5.0% Coupon opened this morning up 2/32 from yesterday's close to 101.98 before falling on better than expected economic reports.
The price of the FNMA 30-Year 5.0% coupon closed up 20/32 from its opening yesterday to 101.92 (as shown by the white line). The MBS was down as much as 6/32 this morning, but is currently trading up 2/32 to 101.97 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - June 25, 2009 - 06/25/09 11:25 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 30 Year 5.0% Coupon opened this morning up 3/32 from yesterday's close to 101.39 on worse than expected jobless claims.
The price of the FNMA 30-Year 5.0% coupon closed down 1/32 from its opening yesterday to 101.30 (as shown by the white line). MBS is currently trading up 12/32 to 101.67 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and mortgage interest rates go down with it. I expect that mortgage rates will be 0.125% … (0 comments)
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mortgage interest rate lock advisory: UPDATE to The Daily Mortgage Interest Rate Lock Advisory - June 24, 2009 - 06/24/09 04:10 PM
WEDNESDAY AFTERNOON UPDATE:
The price of the FNMA 30-Year 5.0% coupon is currently trading down 1/32 at 101.30 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. You might have seen a slight improvement in the pricing of mortgage rates earlier today, and in many cases that improvement has been withdrawn. I expect that mortgage rates will be essentially close at the same level as it was when they opened this morning.
Both the stock and bond markets reacted negatively to … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory - June 24, 2009 - 06/24/09 09:49 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 5.0 Coupon opened this morning down 2/32 from yesterday's close to 101.27, and was down as much as 4/32, on better than expected durable goods orders report.
The price of the FNMA 30-Year 5.0 coupon closed up 1/32 from its opening yesterday to 101.33 (as shown by the white line). MBS is currently trading down 4/32 to 101.20 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage rates … (0 comments)
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mortgage interest rate lock advisory: The Daily Mortgage Interest Rate Lock Advisory – June 23, 2009 - 06/23/09 11:41 AM
What the Mortgage Backed Securities Market is Doing Today:
The FNMA 5.0 Coupon opened down 5/32 this morning from yesterday's close to 101.17 and was down as much as 8/32 before recovering after the release of after worse than expected economic data this morning.
The price of the FNMA 30-Year 5.0 coupon closed up 11/32 from its opening yesterday to 101.31 (as shown by the white line). MBS is currently trading down 1/32 to 101.28 (as shown by the blue line). Remember, mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage … (0 comments)
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Lew Corcoran
Easton,
MA
More about me…
Best Choice Real Estate Services
Address: Easton, MA, 02375
Office Phone: (800) 984-3341
Cell Phone: (508) 846-2552
Email Me
As always, your referrals are greatly appreciated. When you recommend someone you know to me for advice, you can be assured that they will receive Honest, Courteous and Professional service which is what you would expect from me. Lew Corcoran 
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