HARP 2.0 Category

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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MORTGAGE RATES RECOVER AFTER JOBS REPORT

MORTGAGE RATES RECOVER AFTER JOBS REPORT August 4th, 2014 Mortgage Rates were extremely volatile last week with a lot of movement in the Mortgage Backed Security Market. On Wednesday – mortgage interest rate pricing shot up sharply with GDP data coming in higher than expected. The MBS market ended the day trading down – 68 […]

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MORTGAGE RATES MOVE HIGHER – JULY INTEREST RATE SPECIAL

MORTGAGE RATES MOVE HIGHER – JULY INTEREST RATE SPECIAL July 7th, 2014 I hope everyone had a happy and safe 4th of July Holiday weekend. Interest rates went up last week with signals that we could have a higher than anticipated jobs report on Thursday. The June employment report confirmed this thinking with Non Farm […]

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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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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 […]

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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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