pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 09/28/10 11:06 AM
DAILY MORTGAGE RATE LOCK ADVICESeptember 28, 2010, 3:00 PT LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE Mortgage Rate lock Advice for locks within 3 days: LOCKMortgage rate points based on Mortgage Backed Securities (MBS) closed unchanged. The MBS Market is oversold and due for a retraction. If you need to lock within the next three days, today would be a good day to pull the trigger. Long Term Mortgage Rate Lock or Float Advice: LOCKMBS prices pulled a quick switch. On Sept. 9, MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and on Sept 21, MBS … (0 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 05/27/10 12:19 PM
DAILY MORTGAGE RATE LOCK ADVICEMay 27, 3:00 PTLock Advice is Updated Several Times Daily Short Term Mortgage Rate lock Advice: LOCKMBS prices closed down 19/32. MBS Prices move opposite of mortgage rates. Long Term Mortgage Rate Lock or Float Advice: LOCKMBS prices have attempted to hammer through a rock solid price resistance level for the fourth time since 2008 and it looks like they have, once again, been repulsed. National Average Fixed Rate Mortgage UP 0.01% at 4.84% on May.27 MBS Yields Opened at 4.458% Up 0.023%. 10 Year Treasury 3.210% Up 0.03% DJI Stocks closed $10,258.99, Up 284.54, 2.85% European and Asian Markets … (0 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 05/07/10 12:10 PM
PM Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEMay 7, 2010, 4:00 PTLock Advice is Updated Several Times Daily Short Term Rate lock Advice for loans that must lock today: FLOATMBS prices closed up 13/32 from Thursday's close. Mortgage Rates run opposite MBS prices Long Term Mortgage Rate Lock or Float Advice: FLOATThe problems in Greece should help Mortgage Rates but the situation there is volatile and the Mortgage market must be closely monitored. National Average Fixed Rate Mortgage Down 0.01% at 5.04% on May.7 MBS Yields Opened at 4.66% Down 0.117%. 10 Year Treasury 3.410% Down -0.17% DJI … (0 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 05/03/10 08:28 AM
PM Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEMay 3, 2010, 2:23 PTLock Advice is Updated Several Times Daily Short Term Rate lock Advice for loans that must lock today: LOCKMBS prices are down -3/32. Personal Income matched expectations.Mortgage Rates run opposite MBS prices Long Term Mortgage Rate Lock or Float Advice: LOCKOverall the MBS market has been meandering with what appears to be a slight upward bias but when not positive about the market direction, the best idea is to lock. National Average Fixed Rate Mortgage Down 0.01% at 5.11% on May.3 MBS Yields Opened at 4.784% Down … (0 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 04/06/10 08:37 AM
Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEApril 6, 2010, 1:30 PTLock Advice is Updated Several Times Daily Short Term Lock Advice for Today's must lock loans: FLOATMBS prices are up 9/32. The FOMC Minutes show the Fed bias about tightening rates too soon is still a "later rather than sooner" stance.Interest Rates run opposite MBS prices Long Term Lock or Float Advice: FLOAT With Caution.There is a reasonably good chance we have seen a temporary halt to the downturn we have experienced for the past 30 days. National Average Fixed Rate Mortgage UP 0.02% at 5.18% on Apr.6 MBS … (0 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 03/29/10 08:49 AM
PM Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEMarch 29, 2010, 8:15 PTLock Advice is Updated Several Times Daily Short Term Lock Advice for today's must lock loans: FLOAT with Caution.MBS prices are presently unchanged from Friday's close. Earlier prices sank down to -5/32 and a price increase was possible but that threat disapeared with the price improvement.Personal Income came in close to expectations. Long Term Lock or Float Advice: LOCK.After a couple of meandering weeks, yesterday the market resumed it's direction downward. Lock ASAP. National Average Fixed Rate Mortgage Unchanged at 5.05% on Mar.26 MBS Yields Opened at 4.807% Down 0.024%. … (3 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 02/24/10 10:06 AM
PM Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 24, 2010, 3:30PTAdvise on Site is Updated Several Times Daily Today's Lock Advice for loans requiring immediate action: LOCK. . MBS prices closed at -4/32 up slightly from today's low of -6/32. In my opinion, today would be a good time to lock all loans in your pipelne.New Home Sales were lower than expected.. Long Term Lock or Float Advice: LOCK.On February 10th Rates started up and began a reversal of a down trend held since December, 2009. National Average Fixed Rate Mortgage Unchanged at 5.08% on Feb.24 MBS Yields … (7 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 02/23/10 09:33 AM
PM Rate Lock Advice & Mortgage Market Update DAILY RATE LOCK ADVICEFebruary 23, 2010, 10:55 PTMM Site is Updated Several Times Daily Today's Lock Timing for loans requiring immediate action: LOCK. MBS prices are at today's high of 14/32 after an unexpected decline in Consumer Confidence lifted MBS markets. MBS prices continue to be strong after their initial run up. Mortgage Rates run opposite MPS Prices Long Term Lock or Float Advice: LOCK.On February 10th Rates started up and began a reversal of a down trend held since December, 2009. National Average Fixed Rate Mortgage Down 0.02% at 5.08% on Feb.23 … (1 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 01/28/10 09:26 AM
Rate Lock Advice & Mortgage Market Update January 28, 2010, 3:20 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices closed the day up 2/32Durable Orders came in weaker than expected and Bernanke's confirmation for a second term boosted MBS markets. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.03% at 5.04% on Jan.28 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.749% Up 0.038%. 10 Year Treasury Currently 3.660% Up 0.01% DJI Stocks closed today at $10,120.46, Down -115.7, -1.13% European and Asian Markets … (4 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 01/27/10 07:28 AM
Rate Lock Advice & Mortgage Market Update January 27, 2010, 1:20 PT RATE LOCK ADVISORY Lock Advice: LOCKMBS Price is down 3/32. MBS prices dropped after the release of the Fed statement reaffirming the MBS purchase program will be concluded by the end of March. December New Home Sales fell 8% to an annual rate of 342K units, below the consensus of 370K. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.07% on Jan.27 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.72% … (0 comments)
pm rate lock advice: PM Rate Lock Advice & Mortgage Market Update
- 01/26/10 08:18 AM
Rate Lock Advice & Mortgage Market Update January 26, 2010, 2:15 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are currently up 3/32, down from today's high of 6/32Consumer Confidence increased slightly and demand was average for today's 2-Year bond auction. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.07% on Jan.26 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.687% Down 0.024%. 10 Year Treasury Currently 3.660% Up 0.04% DJI Stocks Closed Today at $10,194.29, Down -2.57, -0.03% European and Asian … (1 comments)
pm rate lock advice: PM Rate Lock Advice and Mortgage Market Update
- 01/07/10 09:32 AM
Rate Lock Advice & Mortgage Market Update January 07, 2010, 3:25 PT RATE LOCK ADVISORY Lock Advice: LOCKMBS prices Closed down -8/32 which resulted in unfavorable repricing this afternoon. Jobless Claims came in lower than expected. No more economic data will be released today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day . Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.2% on Jan.7 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.854% Up 0.044%. 10 Year Treasury Currently 3.820% Down -0.03% DJI Stocks $10,606.86, Up 33.18, 0.31% European … (1 comments)
pm rate lock advice: PM Rate Lock Advice and Mortgage Market Update
- 01/04/10 08:04 AM
Rate Lock Advice & Mortgage Market Update January 04, 2010, 1:50 PT RATE LOCK ADVISORY Lock Advice: FLOATMost indicators indicate higher rates in 2010This moringing MBS prices are up +9/32. Despite stronger than expected manufacturing data and further gains in the stock market, MBS prices have moved higher. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.03% at 5.22% on Jan.4 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.92% Up 0.025%. 10 Year Treasury Currently 3.820% Down -0.03% DJI Stocks $10,583.96, … (2 comments)
November 19, 2009, 3:00 PT RATE LOCK ADVISORY Lock Advice: FLOAT With CAUTIONMBS prices are up +1/32. Jobless Claims were close to expectations. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 4.99% on Nov.19 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.517% Up 0.005%. 10 Year Treasury Currently 3.340% Down -0.02% DJI Stocks $10,332.44, Down -93.87, -0.9% European and Asian Markets Down -1.392% Nymex Crude Oil Currently $77.46 Down $2.12
November 10, 2009, 1:15 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +4/32. No economic data came out today. Demand was close to average for the 10-Yr. Treasury auction with oreign investors purchasing 47% of the total.Wednesday, Mortgage markets will be closedThursday, Jobless Claims will be released at 8:30 ET, and there will be a 30-yr Treasury auction at 1:00 ET. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.08% … (2 comments)
pm rate lock advice: PM Rate Lock Advice and Mortgage Market Update
- 10/23/09 03:27 AM
Rate Lock Advice and Mortgage Market Update October 23, 2009, 8:20 AM PT RATE LOCK ADVISORY Lock Advice: LOCKMBS prices are down -7/32For the third straight day, MBS markets faced early downward pressure. The last two days, MBS markets recovered their losses by the end of the session although today's early losses are the largest. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.04% on Oct.22 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.737% Up 0.02%. 10 Year Treasury currently 3.460% … (1 comments)
DAILY MORTGAGE RATE LOCK ADVICESeptember 28, 2010, 3:00 PT
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