Monthly Archives: September 2014

RATES CONTINUE TO IMPROVE , PAYROLL REPORT ON FRIDAY

Rates Continue to Improve , Payroll report on Friday September 30th, 2014 Interest rates continued to steadily improve over the past week. The Mortgage Backed Security market (MBS) closing last week up + 35 bps, and closed Monday up + 14 bps. The effect on interest rates is lower costs available at each rate. 30 […]

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Mortgage Interest Rates Hit 2 Week Lows

Mortgage Interest Rates Hit 2 Week Lows September 24th, 2014 Mortgage interest rate pricing is a fickle market to follow. Last week, mortgage interest rate pricing had moved higher – pushing mortgage interest rates to some of their highest levels in close to 4 months. The rates pricing wasn’t that much higher, but since interest […]

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Rates Move Up 4 of the last 5 days – FED statement on Wednesday

Rates Move Up 4 of the last 5 days – FED statement on Wednesday September 15th, 2014 After a modest gain last Monday of + 4 bps, Interest rates went up Tuesday through Friday with the Mortgage Backed Security (MBS) market ending down – 71 bps on the week. On Monday – the market closed […]

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RATES RISE – 30 YEAR FIXED TO 4.125%

RATES RISE – 30 YEAR FIXED TO 4.125% September 8th, 2014 Last week had 2 important events for interest rates. On Thursday – the ECB announced a less than expected plan and no specifics to deal with the European Union’s problems. Mortgage backed securities sold off – and rates rose. On Friday – the August […]

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INTEREST RATES IMPROVE 7 STRAIGHT DAYS / VOLATILITY AHEAD

INTEREST RATES IMPROVE 7 DAYS STRAIGHT / VOLATILITY AHEAD September 3rd, 2014 I hope everyone had a happy and safe Labor Day weekend. Interest rates improved 7 days straight with the Mortgage Backed Security market trading higher every day last week and closing + 38 bps higher on the week. Unfortunately, the MBS market sold […]

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