Monthly Archives: January 2013

Today’s Rates – 30 Year Fixed at 3.375%

TODAY’S RATES – 30 YEAR FIXED AT 3.375% January 14th, 2012 Last week interest rates rose after hitting their best levels of the year on Monday. The Mortgage Backed Security Market traded down (– 50 bps) on Thursday, but recovered some on Friday. Overall on the week, the MBS market closed down (-5 bps). Technical […]

Read More

INTEREST RATES DROP TO LOWEST LEVELS OF 2013

INTEREST RATES DROP TO LOWEST LEVELS OF 2013 January 14th, 2012 Interest rates hit their lowest levels of 2013 on Monday. Mortgages rates improved and recovered some of their losses over the last week. The Mortgage Backed Security market closed up (+ 6 bps) last week, and up (+ 13 bps) on Monday. The improvement […]

Read More

FED MINUTES RELEASE TRIGGERS RISE IN INTEREST RATES – COULD SEE SOME RECOVERY THIS WEEK

FED MINUTES RELEASE TRIGGERS RISE IN INTEREST RATES  –  COULD SEE SOME RECOVERY THIS WEEK January 7th, 2012 On Thursday of last week – the mortgage backed security market saw one of its biggest sell offs in months with the release of the FED Minutes from the Federal Open Market Committee.  On Thursday alone, mortgage […]

Read More

HOW WILL THE FISCAL CLIFF DEAL AFFECT MORTGAGE RATES?

HOW WILL THE FISCAL CLIFF DEAL AFFECT MORTGAGE RATES? January 2nd, 2013 Happy New Year!! On January 1st, Congress finally came to a deal to avoid the “fiscal cliff”.  The deal essentially kicks the main issues down the road, but averts the tax increases for the majority of Americans. As expected, the markets responded and […]

Read More