Jumbo rates Category

WEEKLY RATE – Interest Rates Trending Up Going into 2016

WEEKLY RATE – Interest Rates Trending Up Going into 2016 December 2015 After some improvement in mortgage rates after the FED announcement, rates have begun to trend up. The Mortgage Backed Security (MBS) market closed last week down – 24 bps and is trading down -18 bps this week. Currently interest rate pricing is close […]

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WEEKLY RATE – Rates Improve to Lowest Levels in 5 Months

Rates Improve to Lowest Levels in 5 Months October 2015 Interest rates had a great week last week with the Mortgage Backed Security (MBS) market closing up every single day and closing the week up + 81 bps. With the improvement, interest rates are at their lowest levels in 5 months. The week was highlighted […]

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Rates neutral after FED Announcement / Employment Report on Friday

Rates neutral after FED Announcement / Employment Report on Friday September 2015 Interest rates haven’t moved much since the FED announcement to not raise the Federal Funds rate last Thursday. The Mortgage Backed Security (MBS) market traded down – 25 bps last week. This correction was somewhat expected after the MBS market went up so […]

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Rates Improve / FED doesn’t raise Federal Funds Rate

Rates Improve / FED doesn’t raise Federal Funds Rate September 2015 Interest rates improved significantly on Thursday and Friday after the Federal Open Market Committee (FOMC) announced they would not raise the Federal Funds Rate. The Mortgage Backed Security (MBS) market closed Thursday/Friday trading up +83 bps, and the week up +47 bps. Perhaps more […]

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Rates go up slightly – Fed makes statement on rates September 17th

Rates go up slightly – Fed makes statement on rates September 17th September 2015 Interest rates went up slightly last week with the Mortgage Backed Security (MBS) market closing the week down – 28 bps. 30 year fixed rates are now available at 3.875% paying .89 points (4.05% APR), and 4.125% paying 0 points (4.14% […]

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Today’s Rates – 30 Year Fixed at 3.75%

Today’s Rates – 30 Year Fixed at 3.75% December 8th, 2014 Interest rates are improving today – as of 12 pm Pacific – the Mortgage Backed Security (MBS) market is trading up + 35 bps. This is welcome news after interest rates went higher 4 of 5 days last week. The MBS market closed down […]

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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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LOCK IN AT THE LOWEST RATES SINCE JUNE OF 2013

Lock in at the Lowest Rates since June of 2013 October 14th, 2014 Interest rates continued their strong move lower last week and this Tuesday – dropping approximately .25% over the past 6 days. The Mortgage Backed Security (MBS) market closed last week trading up + 84 bps, and Tuesday trading up + 38 bps […]

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RATES HIT 1 MONTH LOWS

Rates Hit 1 Month Lows October 7th, 2014 Interest rates continued to gradually move slower last week. The Mortgage Backed Security (MBS) market finished the week trading up + 45 bps – pushing interest rates in line with their lowest levels in a month. On Friday, the September employment report was released. Job creation beat […]

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