Monthly Archives: May 2013

BERNANKE’S COMMENTS CAUSE INTEREST RATES TO HEAD EVEN HIGHER

BERNANKE’S COMMENTS CAUSE INTEREST RATES TO HEAD EVEN HIGHER May 27th, 2013 On Wednesday, Bernanke publicly testified to the Joint Economic Committee that the Fed could ease it’s monetary assistance with the bond market in the next 3 to 4 FOMC meetings.  These simple comments caused one of the largest one day rate hikes I […]

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INTEREST RATES CONTINUE UPWARD TREND

INTEREST RATES CONTINUE UPWARD TREND May 19th, 2013 The Mortgage Backed Security market closed last week trading down -59 bps.  Interest rates continued to rapidly move higher after hitting their 2013 lows just over 2 weeks ago.  The MBS market now has a lower 20 day and 40 day average than it’s 100 day average.  […]

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INTEREST RATES GOING UP QUICKLY!!

INTEREST RATES GOING UP QUICKLY!! May 15th, 2013 Interest rates are moving up quickly all around the world.  Rates have moved higher every day since the release of the April employment report. The mortgage backed security market closed last week trading down -94 bps and this week is trading down -59 bps. I hinted at […]

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MORTGAGE RATES MOVE HIGHER WITH APRIL EMPLOYMENT REPORT

MORTGAGE RATES MOVE HIGHER WITH APRIL EMPLOYMENT REPORT May 6th, 2013 Interest rates have steadily moved lower for the majority of April. Most economic reports were down and most investors didn’t expect an improved April employment report. When the report was released, the market’s response was immediate. The stock markets soared and the mortgage backed […]

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