Monthly Archives: June 2013

INTEREST RATES IMPROVE – 30 YEAR FIXED TO 4.25%

INTEREST RATES IMPROVE  –  30 YEAR FIXED TO 4.25% July 1st, 2013 After the blood bath for interest rates the week before, interest rates managed to pull back some as the panic selling began to taper on Monday.  On Monday morning, the mortgage backed security market was trading down over – 100 bps, and then […]

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INTEREST RATES HIT MULTI YEAR HIGHS – WITH NO SIGNS OF STOPPING

INTEREST RATES HIT MULTI YEAR HIGHS – WITH NO SIGNS OF STOPPING June 24th, 2013 Last week was the single worst week for interest rates that I can remember (I have been doing mortgages for 10 years). As expected and stated in last week’s update – the FED’s statement on Wednesday would bring about volatility […]

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INTEREST RATES FINALLY IMPROVE – LOWEST RATES THIS MONTH

INTEREST RATES FINALLY IMPROVE  –  LOWEST RATES THIS MONTH June 17th, 2013 After 6 straight weeks of interest rates moving higher, interest rates finally showed some improvement last week.  The Mortgage Backed Security market closed the week trading up + 36 bps.  This is a huge week for interest rates as the Federal Open Market […]

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INTEREST RATES IMPROVE – JUST KIDDING!!

INTEREST RATES IMPROVE – JUST KIDDING!! June 10th, 2013 Last week was a volatile week for interest rates. Rates started the week much higher, then rebounded some on Wednesday and Thursday. Friday’s May unemployment report saw rates push higher again. The mortgage backed security market closed the week -44 bps, the 6th consecutive week the […]

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INTEREST RATES CONTINUE UPWARD CLIMB / ARMS STILL IN THE 2%’s

INTEREST RATES CONTINUE UPWARD CLIMB   /    ARMS STILL IN THE 2%’s June 3rd, 2013 Last week was yet another tough week for interest rates as they continue their climb to their highest levels in over a year. The MBS market closed last week trading down – 103 bps. Each time you see a small rally […]

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