No major economic data will be released today, but the results from the 3 year Treasury auction will come out later this morning. Weakness in global equity markets has helped Mortgage Backed Security prices slightly this morning with the market being up 9 basis points. This daily mortgage interes
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03/12/2013
Fairly uneventful day in terms of economic data being reported. The net result was a slight worsening to the cost of rates by 6 basis points. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any gi
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03/11/2013
Mortgage Backed Securitiy prices are down again after a stronger than expected Employment Report. Against a consensus of 170,000 jobs added, there were actually 236,000 jobs added. The net impact of this report dropped the unemployment rate from 7.9% to 7.7%. While good for the economy, this new
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03/08/2013
Jobless claims came in lower than expected, and an improving outlook for the labor market ahead of tomorrow's big Employment Report has continued to hurt Mortgage Backed Security (MBS) prices thus far this morning. This daily mortgage interest rate report is designed to provide Borrowers & Real E
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03/07/2013
We continue our slide upward rate trend with a market opening of 20+ basis points higher than where it closed yesterday afternoon. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and
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03/06/2013
After a fairly rocky day, we ended the day slightly below where we began (-3 bps). This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pri
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03/05/2013
Last week's mortgage rate trends were fairly positive as we continue to watch the ripple effect of the developing Federal budget cuts. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time
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03/04/2013