Yesterday after the close of trading (9/101/13), Mortgage Backed Securities (MBS) had a monthly coupon rollover. The effect was -41.11 basis points. WHen the rollover happens, this month's coupon is closed out and all new loans are placed into the next month's coupon. This does not effect rate s
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09/10/2013
We are coming off one of the worst weeks in years for mortgage rates (rivaled only by the week we had in mid-June). The market opened favorably today, but speculation looms over what to expect for the rest of the week. See charts below for details... This daily mortgage interest rate report is de
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09/09/2013
The roller coaster ride continues! Weaker than expected employment data was bad news for the economy, but good for mortgage rates. The Unemployment Rate declined from 7.4% to 7.3%, however it was due to consumers dropping out of the labor force rather than job gains. The labor force participation
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09/06/2013
Today's early economic data has caused some additional volatility in the Mortgage Backed Security markets, which have moved lower ahead of tomorrow's employment report. Prices are on average 0.500 worse in points/credits than where we closed yesterday. This daily mortgage interest rate report is
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09/05/2013
Huge losses from yesterday morning slightly corrected before the end of the day. Unfortunately, we are amidst another rough morning (with the market currently down 22 basis points). Today is a light day for economic reports. This daily mortgage interest rate report is designed to provide Borrower
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09/04/2013
Since the US did not launch a military strike in Syria over the weekend, investors have partially reversed flight to safety trading. This action has helped stocks, but hurt bonds. The end result to mortgage rates this morning was a significant worsening of roughly 0.500 - 0.625 worsening in point
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09/03/2013
