stock market Category

INTEREST RATES CONTINUE TO IMPROVE – 30 YEAR FIXED DOWN TO 4.125%

INTEREST RATES CONTINUE TO IMPROVE – 30 YEAR FIXED DOWN TO 4.125% May 27th, 2014 Mortgage interest rates continue to slowly improve – currently at their lowest levels in 11 months. The Mortgage Backed Security market closed Monday, May 27th, trading up + 15 bps. The MBS market closed up + 30 bps last week, […]

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RATES HAVE GREAT WEEK – FED STATEMENT ON WEDNESDAY

RATES HAVE GREAT WEEK – FED STATEMENT ON WEDNESDAY. April 28th, 2014 Interest rates improved or stayed the same every day last week. The Mortgage Backed Security (MBS) market closed the week trading up + 58 bps. The primary reason for interest rate improvement is renewed concerns regarding Ukraine/Russia and a slumping stock market. The […]

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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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INTEREST RATES HIT 4 MONTH LOWS

INTEREST RATES HIT 4 MONTH LOWS October 21st, 2013 Interest Rates hit 4 month lows on Friday /  Fannie Mae changes coming November 16th.  After a US debt deal in principal was announced on Wednesday – Interest rates greatly improved after slowly moving higher in the proceeding 2 weeks.   The uncertainty regarding the government closure […]

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INTEREST RATES IMPROVE – BIG FED STATEMENT ON WEDNESDAY

INTEREST RATES IMPROVE  –  BIG FED STATEMENT ON WEDNESDAY September 16th, 2013 Interest rates improved last week with the Mortgage Backed Security market closing the week trading up + 33 bps.  The MBS market came out very strong on Monday with the MBS trading up over + 60 bps in the morning.  That has since […]

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INTEREST RATES REBOUND AFTER WILD WEEK

INTEREST RATES REBOUND AFTER WILD WEEK September 9th, 2013 Interest rates moved to three year high’s on Thursday of last week, but recovered on Friday and Monday to bring levels close to where they were the previous week. From Monday – Thursday, the Mortgage Backed Security market trading down -149 bps.  There was positive economic […]

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INTEREST RATES IMPROVE .25% – 30 YEAR FIXED TO 4.375%

INTEREST RATES IMPROVE .25%  – 30 YEAR FIXED TO 4.375% July 15th, 2013 Interest rates gained some positive momentum after the worst day for interest rates in over 10 years on Friday, July 5th.  The market is rebounding, which can often happen when rates move one way very quickly, signaling a possible overreaction by the […]

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INTEREST RATES HIT MULTI YEAR HIGHS – WITH NO SIGNS OF STOPPING

INTEREST RATES HIT MULTI YEAR HIGHS – WITH NO SIGNS OF STOPPING June 24th, 2013 Last week was the single worst week for interest rates that I can remember (I have been doing mortgages for 10 years). As expected and stated in last week’s update – the FED’s statement on Wednesday would bring about volatility […]

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INTEREST RATES CONTINUE UPWARD CLIMB / ARMS STILL IN THE 2%’s

INTEREST RATES CONTINUE UPWARD CLIMB   /    ARMS STILL IN THE 2%’s June 3rd, 2013 Last week was yet another tough week for interest rates as they continue their climb to their highest levels in over a year. The MBS market closed last week trading down – 103 bps. Each time you see a small rally […]

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INTEREST RATES GOING UP QUICKLY!!

INTEREST RATES GOING UP QUICKLY!! May 15th, 2013 Interest rates are moving up quickly all around the world.  Rates have moved higher every day since the release of the April employment report. The mortgage backed security market closed last week trading down -94 bps and this week is trading down -59 bps. I hinted at […]

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