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Mortgage Market Snapshot 07.21.15

By David Shamansky

Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

July 21, 2015 06:22 AM

Pretty much same info as yesterday today with one little exception that the bonds are starting to see some very mild gains and now the FNMA 3.0 coupon has risen over 99.5 and is currently sitting at 99.750

I do expect to see us over 100 once again and hopefully before the week is over and that is good news for all looking to buy or refinance right now.

Here is the data from today...

There is nothing to note on the economic calendar for today ahead of tomorrow’s housing market data. Tomorrow we will get both the FHFA House Price Index and Existing Home Sales. The FHFA House Price Index is expected to rise +0.4% for May after rising +0.3% in April and Existing Home Sales for June are expected to edge up +0.9% vs. +5.1% prior. Treasuries are opening near yesterday’s close levels and the curve has bear steepened

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Sybil Campbell

Fernandina Beach, FL

Referral Agent Amelia Island Florida

David Shamansky, thanks for the update on mortgage rates, and have a great week.

Jul 21, 2015 06:29 AM

Lou Ludwig

Boca Raton, FL

Captain Wayne - Rowlett Real Estate School

Rowlett Real Estate School - Panama City, FL

Rowlett Real Estate School / Owner and Instructor

Thank you David for your knowledgeable and insightful posts on the market. I enjoy reading them when I can.

Jul 21, 2015 08:07 AM

Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Thanks for the information big David. It has ben a interesting year so far, writing lots of offers but being beat out.

Jul 21, 2015 09:25 AM

Lou Ludwig

Boca Raton, FL
Roy Kelley

Gaithersburg, MD

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

That is good news as I like stability in the markets. We'll see how the week truns out.

Jul 21, 2015 09:44 AM

Roy Kelley

Retired - Gaithersburg, MD

Thanks for sharing your market snapshot.

Make this a most productive week.

Jul 21, 2015 10:11 AM

Alan Kirkpatrick

Austin Texas Homes - Round Rock, TX

Alan in Austin

David Shamansky

It's funny the market was down today but my portfolio was up. Two stocks saved my life today. lol

Jul 21, 2015 12:12 PM

Roy Kelley

Gaithersburg, MD
Lou Ludwig

Boca Raton, FL

Debbie Laity

Cedaredge Land Company - Cedaredge, CO

Your Real Estate Resource for Delta County, CO

Sorry, David. I'm running behind on my AR comments. Thanks for your quick look at the market. Have a wonderful night.

Jul 21, 2015 12:24 PM

Roy Kelley

Gaithersburg, MD

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

David

Thanks for sharing your insight on the mortgage market.

Good luck and success.

Jul 21, 2015 12:52 PM

Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

Good morning David. Nice job with the snapshot, you are right about the not much movement part. Is this the calm before the storm?

Jul 21, 2015 07:48 PM

Mortgage Market Snapshot 07.21.15

Comments(9)

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