poway mortgage lender: San Diego Mortgage News - May 7, 2013 - 05/07/13 02:37 AM
Treasury rates continue to increase this morning, MBS prices slightly weaker as a result. Yesterday the 10 increased 3 bp to 1.77% while by the end of the day mortgage prices were unchanged. At 9:00 this morning 30 yr mortgage prices were down 10 bp and the 10 at 1.78% +1 bp. As yesterday, there are no scheduled data this morning, at 3:00 this afternoon March consumer credit data will be released. At 1:00 Treasury will auction $32B of 3 yr notes.
 
Markets still focused on the April employment report last Friday. The stronger report has, at least for … (0 comments)

poway mortgage lender: Why Have Mortgage Rates Moved Higher? - August 17, 2012 - 08/17/12 04:49 AM
 
Why Have Rates Moved Higher?
After reaching record lows near the end of July, mortgage rates have moved steadily higher this month, and the trend accelerated this week. While the US economic data was roughly neutral and there was little news out of Europe, mortgage rates continued to rise.
Prior to July 26, two primary factors were responsible for the decline to record low mortgage rates. First, the European debt troubles caused investors to shift to relatively safer assets, including US mortgage-backed securities (MBS), and mortgage rates are largely determined by MBS prices. Second, slower economic growth reduced inflationary … (0 comments)