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WEEKLY RATE – TABLE IS SET FOR HIGHER RATES

WEEKLY RATE – TABLE IS SET FOR HIGHER RATES Interest rate pricing had a bad week. The Mortgage Backed Security (MBS) market closed down heavily 3 of the 5 days, finishing the week closing down – 54 bps. More importantly, the table is set for potential rapid rate increases. The Senate passed the budget, opening […]

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WEEKLY RATE – Interest Rates Rise in Anticipation of FED Raising Rates on Wednesday

WEEKLY RATE – Interest Rates Rise in Anticipation of FED raising rates on Wednesday After hitting 7 month lows the previous week, mortgage interest rate pricing has slowing increased in anticipation of the Federal Reserve Board raising the Federal Funds rate .25% on Wednesday, June 14th. The economy has slowly been improving with incremental job […]

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Rates Move Up Slightly from Prior Weeks 5 Month Lows

Rates Move Up Slightly from Prior Weeks 5 Month Lows October 2015 As is normal with interest rates, once rate pricing moves one way for an extended period of time, we will see a correction back. Rates hit 5 month lows on Friday October 2nd, but since then have steadily moved a little higher almost […]

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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 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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OCTOBER 2012 – RATES RISE SLIGHTLY, STILL NEAR RECORD LOWS

OCTOBER 2012 – RATES RISE SLIGHTLY, STILL NEAR RECORD LOWS October 1st, 2012             Happy October!! The MBS market closed last week trading up (+ 37 bps), and is currently trading (+ 25 bps) on Monday morning. While mortgage rates should have improved last week- they actually increased slightly.  This is a result of most […]

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MORTGAGE RATES SURPASS ALL TIME LOWS WITH THE FED’S 40 BILLION BOND PURCHASE ANNOUNCEMENT

MORTGAGE RATES SURPASS ALL TIME LOWS WITH THE FED’S 40 BILLION BOND PURCHASE ANNOUNCEMENT: September 17th, 2012 The MBS market closed last week trading up (+ 28 bps). The big news happened on Thursday when the FED announced they would purchase 40 Billion in Mortgage Backed Securities per month until the economy improves.  This sent […]

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30 YEAR FIXED AT 3.5% WITH 0 POINTS / FANNIE MAE AND FREDDIE MAC TO RAISE RATES

30 YEAR FIXED AT 3.5% WITH 0 POINTS – FANNIE MAE AND FREDDIE MAC TO RAISE RATES September 10th, 2012 The MBS market closed last week trading down (-12 bps). The market was very volatile last week. On Thursday, mortgage rates spiked up due to the stock market posting great gains and hitting a 4 […]

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MORTGAGE RATES FALL AGAIN – FED CAN AND WILL DO MORE

MORTGAGE RATES FALL AGAIN – FED CAN AND WILL DO MORE September 4th, 2012 Happy September!! The MBS market closed last week trading up (+ 78 bps) and on Tuesday the MBSmarket is currently trading up ( + 2 bps).     The market received a jolt on Friday with Ben Bernanke’s speech at the Jackson […]

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