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FED MINUTES RELEASE TRIGGERS RISE IN INTEREST RATES – COULD SEE SOME RECOVERY THIS WEEK

FED MINUTES RELEASE TRIGGERS RISE IN INTEREST RATES  –  COULD SEE SOME RECOVERY THIS WEEK January 7th, 2012 On Thursday of last week – the mortgage backed security market saw one of its biggest sell offs in months with the release of the FED Minutes from the Federal Open Market Committee.  On Thursday alone, mortgage […]

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HOW WILL THE FISCAL CLIFF DEAL AFFECT MORTGAGE RATES?

HOW WILL THE FISCAL CLIFF DEAL AFFECT MORTGAGE RATES? January 2nd, 2013 Happy New Year!! On January 1st, Congress finally came to a deal to avoid the “fiscal cliff”.  The deal essentially kicks the main issues down the road, but averts the tax increases for the majority of Americans. As expected, the markets responded and […]

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MERRY CHRISTMAS – 30 YEAR FIXED RATES REMAIN AT 3.375%

MERRY CHRISTMAS  –  30 YEAR FIXED RATES REMAIN AT 3.375% December 26th, 2012 I hope everyone had a Merry Christmas!! Interest rates did not change much over the past week.  The mortgage backed security market closed last week trading down (-3 bps). This week the MBS market is trading up (+6 bps).  All eyes remain […]

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INTEREST RATES MOVE HIGHER – 30 YEAR FIXED TO 3.375%

INTEREST RATES MOVE HIGHER – 30 YEAR FIXED TO 3.375% December 17th, 2012 Interest Rates moved up slightly last week.  The Mortgage Backed Security Market closed the week down (-41 bps).  The majority of the movement came when the Federal Open Market Committee announced that they were converting Operation Twist to a purchasing plan in […]

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INTEREST RATES REMAIN STABLE – FISCAL CLIFF TALKS STALL

INTEREST RATES REMAIN STABLE – FISCAL CLIFF TALKS STALL December 10th, 2012 Interest rates started off last week lower and then rose near the end of the week. Overall, the mortgage backed security market closed the week trading down (-22 bps). On Monday morning, the MBS market is trading (+ 15 bps). Rates are very […]

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TODAY’S INTEREST RATES

TODAY’S INTEREST RATES November 26th, 2012 I hope everyone had a happy and safe Thanksgiving!! Interest rates rose last week with the Mortgage Backed Security market trading down (-53 bps).  The stock market has been doing very well recently with optimism that a Fiscal Cliff deal will get done and positive signs from the economy. […]

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INTEREST RATES RISE SLIGHTLY – 30 YEAR FIXED PAR RATE STILL AT 3.25%

INTEREST RATES RISE SLIGHTLY  –  30 YEAR FIXED PAR RATE STILL AT 3.25% November 19th, 201 Interest rates rose slightly last week with the stock market optimistic that a deal will get done to avoid the fiscal cliff. The Mortgage backed security market closed last week down (-28 bps), and is currently trading on Monday […]

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INTEREST RATES VERY VOLATILE IN WAKE OF FISCAL CLIFF

INTEREST RATES VERY VOLATILE IN WAKE OF FISCAL CLIFF November 14th, 2012 Interest rates have seen quite the see-saw action over the past week. Interest went up quite a bit on election day. Then dropped quite a bit after the election when the stock market dropped off. Overall, last week interest rates improved – with […]

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INTEREST RATES HIT 3 WEEK LOW BEFORE ELECTION

INTEREST RATES HIT 3 WEEK LOW BEFORE ELECTION:  November 5th, 2012 Rates improved to a 3 week low on the Monday before the election. Last week the MBS market closed (+20 bps) for the week.  The markets were again helped by a  Friday rally that was somewhat unusual this time.  October’s unemployment report was released […]

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INTEREST RATES IMPROVE – UNCERTAINTY LOOMS WITH HURRICANE SANDY, THE ELECTION AND THE FISCAL CLIFF

INTEREST RATES IMPROVE – UNCERTAINTY LOOMS WITH HURRICANE SANDY, THE ELECTION AND THE FISCAL CLIFF: October 31st, 2012 Happy Halloween!! Interest rates improved slightly last week with the MBS market closing up (+ 9 bps).  Mortgage rate pricing was higher for most of the week – but a rally on Friday ended the week with […]

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