Monthly Archives: July 2012

MORTGAGE RATES RISE DUE TO OPTIMISM IN THE STOCK MARKETS:

MORTGAGE RATES RISE DUE TO OPTIMISM IN THE STOCK MARKETS: July 30th, 2012 The MBS market closed last week trading down (- 44 bps) and on Monday morning the mbsmarket is tradingup (+ 15 bps).     For the first week in many, the mortgage interest rate market pulled higher mainly due to optimism in the […]

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MORTGAGE RATES BREAK YET ANOTHER RECORD!!

MORTGAGE RATES BREAK YET ANOTHER RECORD July 23rd, 2012 The MBS market closed last week trading up (+ 44 bps) and on Monday morning the mbs market is trading up (+ 19 bps). Last week the mbs market started off higher, but for most of the week lenders were not pricing better. Monday morning, we […]

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MORTGAGE RATES REMAIN STABLE – 30 YEAR FIXED AT 3.75%

MORTGAGE RATES REMAIN STABLE – 30 YEAR FIXED AT 3.75% July 17th, 2012 The MBS market closed last week trading down (-3 bps). Basically a ho-hum week with not a lot of data or change in rates. This week FED chairman Ben Bernanke testifies before Congress on Tuesday and Wednesday.  On Tuesday, he said that […]

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MORTGAGE RATES BREAK ANOTHER RECORD – 30 YEAR FIXED AT 3.5% WITH 0 POINTS!!

MORTGAGE RATES BREAK ANOTHER RECORD – 30 YEAR FIXED AT 3.5% WITH 0 POINTS!! July 9th, 2012 The MBS market closed last week trading up (+ 56 bps).  Another great week for interest rates, surpassing the all time lows reached just a week ago. Interest rates are on a roll, and the economy is not.  […]

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MORTGAGE RATES SURPASS ALL TIME LOWS AGAIN!!

MORTGAGE RATES SURPASS ALL TIME LOWS AGAIN!!! July 2nd, 2012 The MBS market closed last week trading up (+28 bps).  So far on July 2nd, the MBS market is trading up (+31 bps ). Mortgage Rates have again surpassed their lowest levels ever.  It sounds like a broken record as we have seen 3 records […]

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