FED taper bond purchasing Category

INTEREST RATES HIT 6 MONTH LOWS

INTEREST RATES HIT 6 MONTH LOWS May 5th, 2014 Interest rates improved to their lowest levels in 6 months last week. The Mortgage Backed Security market (MBS) remained hot, closing the week trading up + 47 basis points. There were multiple events last week that would normally lead to higher interest rates, but the headlines […]

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RATES MOVE HIGHER AFTER FED ANNOUNCEMENT THEN RECOVER

RATES MOVE HIGHER AFTER FED ANNOUNCEMENT THEN RECOVER March 25th, 2014 The big news last week was the FED announced another taper to their bond purchasing program of 10 billion. This move was expected with Janet Yellen’s congressional testimony that the FED would continue to taper and likely end their quantitative easing by the end […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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THE FED DOES NOT TAPER , BUT RATES RISE SLIGHTLY

THE FED DOES NOT TAPER , BUT RATES RISE SLIGHTLY November 4th, 2013 Mortgage rates ended last week slightly higher, but have improved on Monday taking some of the losses back. On Wednesday, the FED announced that they would not taper their bond purchasing program. Most did not expect the FED to taper, so this […]

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RATES CONTINUE TO DROP WITH POOR EMPLOYMENT REPORT

RATES CONTINUE TO DROP WITH POOR EMPLOYMENT REPORT October 28th, 2013 Interest Rates improved for the 2nd straight week last week.  The main source of improvement was from the September employment report released Tuesday.  The gain in jobs fell well short of forecasts, pushing investor money into mortgage backed securities.  Rates are still at the […]

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