mortgage: Mortgage Rates and What May Move Them This Week, July 5, 2011 - 07/05/11 02:45 PM
I hope everyone had a great 4th of July Weekend!
last week was a bad one for mortgage rates with the worst sell off we have seen since early February... Fannies lost 44/32nds last week in the wake of good news in Greece, June 30th marking the end of the Fed's … (3 comments)
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mortgage: Mortgage Rates, and What May Move Them This Week: May 16, 2011 - 05/16/11 03:06 PM
Even with a poorly bid 30yr auction last week, and some strength in the numbers, we still had another week of improving mortgage rates. Last week was the 5th week in a row of falling rates with Fannies gaining 8/32nds by the end of the day on Friday.
This weeks calendar … (5 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: May 9, 2011 - 05/09/11 04:07 PM
Last week was the fourth week in a row of improving interest rates. By the end of the day on Friday we had Fannies trading up 19/32nds for the week, with every day a positive one. We even managed a small gain on Friday with the employment report showing a much … (2 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: May 2, 2011 - 05/02/11 02:34 PM
Last week was another good one for us in the mortgage world with Fannies gaining 35/32nds by the end of the day Friday, bringing us darn close to the lowest rates for 2011. Luckily Bernake was well tuned with his "Fed-Speak" and did not scare the market, while striving towards … (0 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: April 18, 2011 - 04/18/11 03:20 PM
The past few weeks have had their share of fun! We are living in such a global environment: The flight to quality appears to be over, 2 weeks ago interest rate hikes in Europe and China sent a wave of fear in our markets withinvestors thinking the Fed would need … (0 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: April 4, 2011 - 04/04/11 04:26 PM
Last week's mix of Auctions and employment reports ended up being almost flat with Fannies losing only 1/32nd for the week by time the bell rang on Friday afternoon. The big news was the drop in the headline number for employment with a click down to 8.8% with more jobs … (5 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: January 18, 2011 - 01/18/11 01:51 PM
So far we have had 2 weeks of 2011 continuing the upward trend for rates with fannies losing 5/32nds last week. For the most part the Auctions went off very well with strong foreign investment. There were no big surprises or scares last week, just a bouncy market looking for … (5 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: January 3, 2011 - 01/03/11 02:53 PM
Happy New Year! Last week was the first positive week for mortgage rates we have seen in close to 2 months. After 7 straight weeks of UP in rates we finally had Fannies Gain 29/32nds by the closing bell on New Years Eve. Keep in mind - Price up = … (2 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: December 6, 2010 - 12/06/10 05:18 PM
Last week was a bumpy one. Even with 4 positive days we still managed to have the 2nd worst week for Fannies in the past month. Fannies closed on Friday with a net loss of 22/32nds marking the 4th week in a row of significant losses in the mortgage market. … (5 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: November 29, 2010 - 11/29/10 05:44 PM
Thanksgiving week ended up as our third week in a row of higher rates. When the market closed early on Friday we saw a loss of 11/32nds, which doesn't sound like much, but considering we have lost well over 2 points over the past 3 weeks in a market that … (4 comments)
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mortgage: Mortgage Rates, and What May Move Them This Week: November 22, 2010 - 11/22/10 02:55 PM
Last week was another bad one and by the close of business on Friday we saw Fannies lose 20/32nds for the week. The good news is it could have been worse since we saw a bit of a rebound on Thursday. Last week was a mixed bag for data with … (6 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: September 27, 2010 - 09/27/10 04:58 PM
Last week was another positiveone for mortgages with Fannies gaining 11/32ndsby the close on Friday. An interesting trend I have seen over the past 6 weeks... We have had a significant sell off on the past 6 Fridays, with a bit of a rebound every following Monday. It appears that … (4 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: September 20, 2010. - 09/20/10 04:14 PM
Last week was another bouncy week in the market. The past 3 weeks have all started off the same: Great day on Monday typically gaining back all of Friday's losses and then a sell off at the end of the week. Well last week was more of the same, but … (9 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: September 13, 2010 - 09/13/10 02:28 PM
What is there to say about last week? Well on Tuesday it started off great and was all a down hill blood bath in the Mortgage markets for the rest of the week. with a few numbers that came in a bit stronger than expected and lack luster auctions we … (6 comments)
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mortgage: Mortgage Rates and what may move them this week: September 7, 2010 - 09/08/10 01:35 PM
Dang, I am LATE! Sorry but this week seems to have gotten away from me. Holidays and vacations always seem to dump a little extra on you, don't they?
Last week started off great and ended up tossing away most of the earlier gains with some stronger than expected reports. by … (0 comments)
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mortgage: Mortgage Rates and What May Move Them This Week: August 16, 2010 - 08/16/10 04:24 PM
Well I am back from vacation, Sorry I missed last week's post, but occasionally I need a break to maintain a little Sanity!
Last week bounced with a few big swings but ended up being darn close to even as the dust settled on Friday afternoon with Fannies only losing … (4 comments)
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mortgage: Mortgage Rates and What Will Move them This Week: May 24, 2010 - 05/24/10 01:58 PM
Last week was another solid week for mortgages bringing rates down yet again to levels we may never see again in our life times. Fannies closed the week with a gain of 17/32nds which currently allows us to lend to highly qualified buyers at rates below 5% for a 30 … (7 comments)
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mortgage: Mortgage Rates, and What May Move Them This Week: May 3, 2010 - 05/03/10 12:59 PM
Is it just me? I cant believe that it is May already.... Well April ended with a bit of a bang for the mortgage world, with enough insecurities in foreign markets along with some Wall Street Fun all served to fuel a bit of a flight to quality last week. By … (5 comments)
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mortgage: Federal Trumps Federal? NMLS and the SAFE Act for Mortgage Originators - 02/25/10 12:49 PM
As I was getting ready to study for the State SAFE test I thought I would take a quick break and Give everyone an idea of what the mortgage world is experiencing now.
In 2008 Part of the Housing and Economic Recovery Act gave us the NMLS and SAFE Act.
The … (12 comments)
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mortgage: Mortgage Rate Direction for this week 9/21/09: Economic Calendar - 09/21/09 12:22 PM
What will influence Mortgage Rates this week?
Well Last week was a mixed bag off confused numbers. Most numbers were stronger than expected and some were weaker. Over all there was only one Good day for mortgages last week, that was Thursday, But unfortunately Friday wiped out every bit of Thursday's … (2 comments)
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