adjustable mortgage rates: Market UpDate
- 05/26/11 06:47 AM
The 5-year was +2/32 (1.762), the 10-year was -4/32 (3.129) and the 30-year was -18/32 (4.279). Yesterday's government bond sale elicited even greater demand than Tuesday's 2-year auction. Meanwhile, strength in equities weighed on longer dated bonds. In other news, April durable goods orders posted the largest decline in 2011, disappointing pundits' expectations. Mortgages were mostly unchanged on another day of modest flows. There was greater support for lower coupon versus higher coupon MBS throughout the day. Treasury prices are lower this morning due to strength in global equities. The 10-year is -7/32 (3.154) and the 30-year is -14/32 (4.304). Government … (0 comments)
adjustable mortgage rates: Market UpDate W/ an Increase in Mortgage Rates
- 02/01/11 04:29 AM
Tuesday's bond market is in negative territory following early stock gains and stronger than expected results from an important economic report. The Dow is currently up 89 points while the Nasdaq has 37 points. The bond market is currently down 19/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point.The Institute of Supply Management (ISM) released their manufacturing index for January late this morning. They announced a reading of 60.8 that exceeded forecasts of 57.5 and that December's reading was revised higher by 1.5 points. This indicates that more surveyed manufacturers felt business improved … (0 comments)
adjustable mortgage rates: Tuesday Market Update** What's up with the BOND Market?
- 12/28/10 04:26 AM
Tuesday's bond market has opened in negative territory despite quite favorable economic news and an uneventful open in stocks. The Dow and Nasdaq are both currently down a couple of points. The bond market is currently down 13/32, which will likely push this morning's mortgage rates higher by approximately .125 - .250 of a discount point. December's Consumer Confidence Index (CCI) was this morning's only relevant economic data. The Conference Board said late this morning that their CCI reading stood at 52.5 this month. This was nearly a 2-point drop from November's revised reading, indicating that consumers were less optimistic about … (0 comments)
adjustable mortgage rates: 30-Year Fixed Rate Mortgage Drops Slightly to Create Another New Low
- 07/12/10 06:41 AM
McLean, VA - Freddie Mac (OTC:FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.57 percent with an average 0.7 point for the week ending July 8, 2010, down from last week when it averaged 4.58 percent. Last year at this time, the 30-year FRM averaged 5.20 percent. This rate is yet another all-time low in Freddie Mac's 39-year survey. The 15-year FRM this week averaged 4.07 percent with an average 0.7 point, up from last week when it averaged 4.04 percent. A year ago at this time, the 15-year … (0 comments)
The 5-year was +2/32 (1.762), the 10-year was -4/32 (3.129) and the 30-year was -18/32 (4.279). Yesterday's government bond sale elicited even greater demand than Tuesday's 2-year auction. Meanwhile, strength in equities weighed on longer dated bonds. In other news, April durable goods orders posted the largest decline in 2011, disappointing pundits' expectations. Mortgages were mostly unchanged on another day of modest flows. There was greater support for lower coupon versus higher coupon MBS throughout the day.
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