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LOWEST INTEREST RATES IN OVER A MONTH – 30 YEAR FIXED TO 3.5%

INTEREST RATES SHOW BIGGEST IMPROVEMENT IN OVER A MONTH – 30 YEAR FIXED TO 3.5% March 4th, 2013 Interest rates have been creeping up since December. Interest rates needed a dramatic event to turn the tide, and we saw that on Monday. With uncertainty regarding the results of the Italian elections, the stock markets tanked […]

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INTEREST RATES STABLE LAST WEEK / UNCERTAINTY LOOMS

INTEREST RATES STABLE LAST WEEK  /   UNCERTAINTY LOOMS February 18th, 2013 I hope everyone had a great President’s day and hopefully got the day off of work. The MBS market closed down (-48 bps) on the week.  Most of the movement was due to a monthly rollover.  Even though the MBS market was down, interest […]

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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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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 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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INTEREST RATES RISE – WHERE WILL MORTGAGE RATES GO FROM HERE?

INTEREST RATES RISE – WHERE WILL MORTGAGE RATES GO FROM HERE? October 22nd, 2012 Last week was a pretty tough week for interest rates. Mortgage pricing went up Monday through Thursday, but a rally on Friday pulled interest rates back down a bit. The Mortgage Backed Security market closed last week trading (-64 bps). On […]

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MORTGAGE RATES IMPROVE – 30 YEAR FIXED TO 3.25%

MORTGAGE RATES IMPROVE – 30 YEAR FIXED TO 3.25% October 15th, 2012 The MBS market closed last week trading (+ 12 bps). So far on Monday – the MBS market is trading down (-12 bps).    Rates went up for 5 straight days and then we were able to recover with some positive MBS trading […]

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MORTGAGE RATES INCH HIGHER – 30 YEAR FIXED TO 3.375%

MORTGAGE RATES INCH HIGHER – 30 YEAR FIXED TO 3.375% October 8th, 2012 Last week the mortgage backed security market told 2 stories.  The MBS market closed (+ 50 bps) from Monday to Tuesday.  This continued the trend of rates dropping since the FED announced QE3.  But every positive interest rate streak will eventually end […]

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