Archives

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 […]

Read More

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 […]

Read More

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 […]

Read More

MORTGAGE RATES REBOUND – 30 YEAR FIXED BACK TO 3.5%

MORTGAGE RATES REBOUND – 30 YEAR FIXED BACK TO 3.5% August 27th, 2012 The MBS market closed last week trading up (+ 81 bps) and on Monday the MBS market closed trading up ( + 19 bps).     So over the past week and 1 day, the MBS market is trading up +100 bps and […]

Read More

MORTGAGE RATES RISE QUICKLY WITH MBS SELL OFF!!

MORTGAGE RATES RISE QUICKLY WITH MBS SELL OFF!! August 20th, 2012 The MBS market closed last week trading down (-91 bps) and on Monday the MBS market is trading up ( + 18 bps). Mortgage rates went up rapidly as investors saw more signs that the European Debt situation seems to be easing and the […]

Read More

MORTGAGE RATES REMAIN STABLE – 30 YEAR FIXED AT 3.75%

MORTGAGE RATES REMAIN STABLE – 30 YEAR FIXED AT 3.75% July 17th, 2012 The MBS market closed last week trading down (-3 bps). Basically a ho-hum week with not a lot of data or change in rates. This week FED chairman Ben Bernanke testifies before Congress on Tuesday and Wednesday.  On Tuesday, he said that […]

Read More

INTEREST RATES IMPROVE AGAIN / 30 YEAR FIXED AT 3.625%

INTEREST RATES IMPROVE AGAIN / 30 YEAR FIXED AT 3.625% April 30th, 2012 The MBS Market closed last week trading up (+16 bps). Mortgage rates continue to improve as more and more investors are concerned regarding the slumping economy and the still unresolved Europe debt crisis. 30 year fixed rates are now down to 3.625% […]

Read More

MORTGAGES RATES LOWER – BIG FED MEETING WEDNESDAY

MTG RATES LOWER – BIG FED MEETING ON WEDNESDAY April 23rd, 2012 The MBS Market closed last week trading up (+13 bps.)     Overall it is has been a very good market for interest rates over the past couple weeks.  Rates lowered a few weeks ago, and we haven’t seen much movement since then. Stocks […]

Read More

MORTGAGE RATES IMPROVE , GREAT TIME TO LOCK!!

MORTGAGE RATES IMPROVE AGAIN – GREAT TIME TO LOCK!! April 9th, 2012 The MBS Market closed last week trading (+78 bps.)     Wow, last week was a roller coaster.  Early in the week, rates went up a ton.  The market dropped with news that the FED would unlikely do a new round of buying mortgage […]

Read More

MORTGAGE RATES SEE SAW BACK AND FORTH

MORTGAGE RATES SEE SAW BACK AND FORTH March 5th, 2012 The MBS Market closed last week trading up (+6 bps).   Although the market ended the week very close to how it began, there were major swings during the week. The week began with small improvements on Monday and Tuesday.  On Wednesday, Ben Bernanke made a […]

Read More