20 year fixed Category

INTEREST RATE PRICING STAYS IN NARROW RANGE

INTEREST RATE PRICING STAYS IN NARROW RANGE February 10th, 2014 Interest rate pricing was all over the place last week.  On Monday, interest rates hit their lowest levels in about 3 months.  Interest rates went higher the rest of the week until the January employment report was released on Friday.  For the third month straight, […]

Read More

INTEREST RATES CREATE NEW LOWS FOR 2014!!

INTEREST RATES CREATE NEW LOWS FOR  2014 January 27th, 2014 Interest rates continued their hot streak ahead of the FED statement on Wednesday.  Mortgage interest rates pushed to new lows in 2014 with the stock markets having a big sell off and investors transferring money into safer investments. This improvement in rates could be temporary […]

Read More

INTEREST RATES DROP TO 1 MONTH LOWS

INTEREST RATES DROP TO 1 MONTH LOWS January 13th, 2014 Interest rates finally gained some momentum after weeks of movement higher. On Friday, the December employment report was released. Analysts predicted Non Farm Payroll Jobs to increase by 196,000 and the unemployment percentage to remain at 7%. The analysts vastly overestimated the increase, causing a […]

Read More

TODAY’S INTEREST RATES / NEW .5% DOWN PAYMENT PROGRAM

TODAY’S INTEREST RATES / NEW .5% DOWN PAYMENT PROGRAM January 6th, 2014 I hope everyone had a happy and safe New Years!! Interest rates didn’t move much last week with the majority of traders on vacation. The MBS market closed + 18 bps, so mortgage pricing improved slightly. On Friday, the December employment report will […]

Read More

FED TAPERS – RATES WILL GO UP IN 2014 WITH GSE FEE INCREASE

FED TAPERS – RATES WILL GO UP IN 2014 WITH GSE FEE INCREASE December 26th, 2013 I hope everyone had a Happy and Safe Holiday!! As many have heard by now – The FEDERAL RESERVE BOARD finally decided to taper their bond purchasing program – capping months of speculation on when the move would take […]

Read More

ALL EYES ON FED STATEMENT WEDNESDAY – 50/50 CHANCE FOR TAPERING

ALL EYES ON FED STATEMENT WEDNESDAY  –   50/50  CHANCE FOR TAPERING December 16th, 2013 All eyes are on the FED and The FOMC meeting this week.  The FOMC starts their meeting on Tuesday and will release their statement at 2 pm Eastern on Wednesday. There is more and more speculation that the FED could taper […]

Read More

RATES CONTINUE MOVING HIGHER / FED MEETING NEXT WEEK

RATES CONTINUE MOVING HIGHER     /      FED MEETING NEXT WEEK December 9th, 2013 The interest rate market had quite the week last week. Rates rose everyday from Monday through Thursday before the important November employment report. Then something weird happened. Job creation beat their forecasts, The unemployment rate dropped .2% – this would usually cause rates […]

Read More

INTEREST RATES TRENDING UP / MONDAY IS LAST DAY FOR HOLIDAY RATE SPECIAL

INTEREST RATES TRENDING UP  /  MONDAY IS LAST DAY FOR HOLIDAY RATE SPECIAL December 2nd, 2013 I hope everyone had a great Thanksgiving!!  Interest rates rose for the second straight week with the Mortgage Backed Security market closing down – 39 bps. The MBS market is currently down almost -70 bps over the past 2 […]

Read More

HOLIDAY INTEREST RATE SPECIAL

HOLIDAY INTEREST RATE SPECIAL November 25th, 2013 In order to drum up business for the end of the year, My company is offering the following Holiday Rate Special: .5 point discount on – Conventional, FHA, and VA loans .25 point discount on – High Balance Conforming Loan This special is available for loans locked and […]

Read More

OCTOBER EMPLOYMENT REPORT CAUSES SHARP RISE IN INTEREST RATES

OCTOBER EMPLOYMENT REPORT CAUSES SHARP RISE IN INTEREST RATES November 11th, 2013 Happy Veteran’s Day!!  Thank you to all of our men and women who have served in the Military. Mortgages rates ended the week sharply higher with the release of the October employment report on Friday.  Non Farm job creation crushed expectations causing a […]

Read More