Monthly Archives: April 2013

LOWEST RATES OF 2013 – 30 YEAR FIXED DOWN TO 3.25%

LOWEST RATES OF 2013   –   30 YEAR FIXED DOWN TO 3.25% April 28th, 2013 Interest rates have fallen to the lowest levels of 2013 and are close to their lowest levels ever.  The mortgage backed security market closed the week trading (+ 39 bps).  The 10 year note broke a key technical indicator trading below […]

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TODAY’S INTEREST RATES – 30 YEAR FIXED AT 3.5%

TODAY’S INTEREST RATES – 30 YEAR FIXED AT 3.5% April 22nd, 2013 It’s been an uneventful week for interest rates. The Mortgage Backed Security market closed the week trading up (+ 3 bps). It’s suprising that we didn’t see more positive interest rate momentum with the stock market having one of it’s worst weeks in […]

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INTEREST RATES HOLD STEADY

INTEREST RATES HOLD STEADY April 15th, 2013 Happy Tax Day!! Interest rates closed last week very similar to where they started the week.  The Mortgage Backed Security market closed the week trading down (– 22 bps), but closed Monday trading up (+ 16 bps). We are finally seeing some signs of weakness in the stock […]

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RATES HIT LOWEST LEVELS SINCE JANUARY

RATES HIT LOWEST LEVELS SINCE JANUARY April 8th, 2013 Interest rates had their best week in months.  Interest rates dropped approximately .125% on the week with the Mortgage Backed Security market closing up (+ 122 bps).  This is the fourth consecutive week that interest rates have improved, with last week being the most dramatic drop. […]

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INTEREST RATES IMPROVE FOR THIRD STRAIGHT WEEK

INTEREST RATES IMPROVE FOR THIRD STRAIGHT WEEK April 1st, 2013 Interest rates showed steady improvement for the third straight week.  The Mortgage Backed Security market closed the week trading up (+ 28 bps). Although we are not seeing massive rate movement, interest rates gradually decreasing is a positive development for those considering a new mortgage.  […]

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