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mortgage rates: TGIF - UGLY Jobs Report decreases mortgage rates - 04/04/08 09:41 AM
The March Jobs Report is in - a whopping 80,000 jobs were lost in March making it the worst report in 5 years. The unemployment rate ticked up from 4.8 to 5.1% and projections were at 5.0%. Because of this negative news, bonds are currently up +44 basis points. The rate … (1 comments)
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mortgage rates: Mortgage Market Guide as of Tuesday, November 20, 2007 -- Mortgage Rate Increase - 11/20/07 04:55 PM
LOCK 'EM IF YOU GOT 'EM!
Welcome to our roller coaster ride! Yesterday's update ended with a "floating" stance because bonds closed out the day at +25 points....so, of course, we thought rates would get better. Right out the gate this morning, bonds opened up at roughly -22 basis points so they woke … (2 comments)
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mortgage rates: Mortgage Market Update as of Thursday, November 15th - 11/15/07 01:17 PM
GOOD THURSDAY AFTERNOON!!!
ONE MORE WEEK TILL THANKSGIVING?!?!?!?!?? How this year is flying by!
I hope everyone is having a FANTASTIC day. Yesterday's temperature was a beautiful 55'ish...and today is a cold, rainy, snowy mix at 30 degrees. WELCOME TO MICHIGAN!
Mortgage Bonds are trading higher, currently at +19 basis points, after this morning's … (2 comments)
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mortgage rates: TGIF! Mortage Market Update as of Friday, November 9th - 11/09/07 12:32 PM
TGIF!!!!
Surprise, surprise...more sub-prime mortgage related losses are hitting the financial sector this morning. Stocks are trading lower and Bonds are trading slightly higher after Wachovia Corp announced a loss of $1.1 Billion in the value of their Collateralized Debt Obligations (CDO's). CDO's are investments partly comprised of subprime mortgages, and as subprime … (1 comments)
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mortgage rates: Mortgage Market Update as of Wednesday, November 7th - 11/07/07 03:36 PM
GOOD Hump Day TO ALL!
Bonds are closing out today flat, currently at ZERO, so there wasn't a change in mortgage rates today.
Stocks were punished this morning. Leading the way down was a nasty earnings report from General Motors (GM), who announced a shocking third quarter loss of $39 Billion, which … (0 comments)
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mortgage rates: Mortgage Market Update as of Monday, November 5th - 11/05/07 02:55 PM
GOOD MONDAY AFTERNOON, everyone!
As we're heading for the close of the day, mortgage bonds are taking a hit. Currently down -22 basis points so we may see lenders send a late-day, intraday rate increase. If not tonight, it may spill into tomorrow's rate sheets.
WHAT'S GOING ON....
More bad news was reported over … (2 comments)
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mortgage rates: Mortgage Market Update as of Friday, November 2nd - 11/02/07 09:28 AM
TGIF!!!!
Another crisp Fall day here in Michigan! I hope everyone had a fantastic Halloween and I hope everyone has scheduled an emergency dental appointment! :)
On the business front......
The best Jobs number in six months hit the wires this morning. Non-farm payrolls were reported at 166,000 for the month of October. This … (0 comments)
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