del cerro mortgage lender: Fed's Influence on Mortgage Rates - May 31, 2013 - 05/31/13 05:25 AM
Fed's Influence on Mortgage Rates
Shifting expectations for the timing of the Fed's move to taper its bond purchases were the main influence on mortgage rates this week and caused extremely high levels of daily volatility. Stronger than expected economic data and comments from Fed officials caused investors to think that the Fed will begin to scale back its bond purchases sooner than previously expected. As a result, mortgage rates ended the week higher.
With a decline in the Fed's bond purchases in sight, and an improved outlook for global economic growth, investors have grown less willing to own bonds. Central … (0 comments)

del cerro mortgage lender: San Diego Mortgage News - May 8, 2013 - 05/08/13 06:16 AM
It was another quiet start this morning with no news again today. This week has been almost completely void of any market moving news. The 10 yr note this morning early was at 1.79% up another basis point, while mortgage prices started unchanged; MBS prices were flat yesterday. Prior to the 9:30 open of the stock market the key indexes were a little weaker. At 9:30 the DJIA opened -20, NASDAQ -4, S&P -2; the 10 yr note after trading earlier at 1.79% was at 1.77%, 30 yr mortgage prices +9 bps frm yesterday’s close.
European stocks advanced for … (0 comments)




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