Mortgage Market Update

By
Mortgage and Lending with Skyline Home Loans NMLS #311662

March building permits were a slight beat this morning posting a 4.2% gain to 1.267 million annual units, just above expectations.  Treasury yields are unchanged as investors assess the prospects of a Trump tax cut.  Mortgages are doing well as spreads-to-treasuries have tightened a bit.  The 10-year has settled back into its old range, currently yielding 2.33%, unchanged from yesterday’s close.   

 

This market is uncertain, mortgage rates sometimes move in opposite directions from the yield (which makes no sense). The bottom line is you need to find a rate you are happy with and lock because playing the market to try and improve by an eighth is Russian roulette.

 

 

 

Posted by

Matt Brady

 

Builder Sales Manager, NMLS ID#311662

(858)342-8659 cell |844-268-1952fax

 

Skyline logo

 

mbrady@skylinehomeloans.com| mattbrady.skylinehomeloans.com    
1455 Frazee Road., Suite 705| San Diego, CA 92108

 

    

 

 

 

BIA SanDiego 15 year Member and P2 Sponsor

 

 

 

BIA SMCBoard Member since 2012

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Tags:
housing market
mortgage advice

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,295,725
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Afternoon Matt - thanks for the helpful information.  People need to continue check back as things change.

May 01, 2017 12:45 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
341,787

Matt Brady

Lending With Competence And Character
Let me earn your business!
*
*
*
*
Spam prevention