Monthly Archives: November 2014

Interest Rates Improve to 1 Month Lows!

Interest Rates Improve to 1 Month Lows! November 25th, 2014 Interest rates slowly but steadily improved last week. The Mortgage Backed Security (MBS) market finished trading up + 27 bps, pushing interest rate pricing to the lowest levels in a month. A 30 year fixed conventional loan can now be locked at 3.875% with less […]

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RATES HOLD STEADY

RATES HOLD STEADY November 18th, 2014 Interest rates have been very steady for the past week with the Mortgage Backed Security (MBS) market closing last week even and slightly higher on Monday. This continues the trend of mortgage rates moving sideways/slightly lower for most of November 2014. Although this isn’t great news for rate watchers, […]

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Rates Improve after Employment report , The Return of the No Appraisal Refinance

RATES IMPROVE AFTER EMPLOYMENT REPORT November 10th, 2014 Interest rates improved to 1.5 week lows after October’s employment report was released on Friday. Non Farm Payroll jobs increased 214,000 in October but were lower than expectations of 235,000 plus. The Mortgage Backed Security (MBS) market closed up + 46 bps on Friday alone – taking […]

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Rates slowly rise after hitting lowest levels of the year

Rates slowly rise after hitting lowest levels of the year November 2nd, 2014 Since rates hit their lowest levels since June of 2013 two to three weeks ago, interest rates have slowly drifted higher. The Mortgage Backed Security market (MBS) closed last week trading down -17 bps, and the previous week down – 15 bps. […]

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