Mortgage Rates Historic Increase – The End of Low Rates (Chart)

Today was a nightmare to say the least.  Just not a good day, rates have increased almost a full 1%. Now...

Mortgage Rates May 26, 2009 – Weekly Forecast

Mortgage rates have not fared well the month of May, and today was no different.   Mortgage Backed Securities once again ended the day in the red, giving up 68bp.  What does this mean Mortgage Rates, how does this translate into consumer rates?  Mortgage Backed securities and consumer rates move...

Mortgage Rates May 18, 2009 – Weekly Forecast

Hopefully rates do not follow the trend of Monday.  Mortgage Backed Securities shed roughly 31bp which translates into an increase in consumer Mortgage rates. This week, there isn’t much data to watch and, because of Memorial Day, trading will be very light towards Thursday and Friday. It’s...

Mortgage Rates Week Capstone May 15, 2009 (Chart)

What a great week for Mortgage Rates in May! This is the first week since March 19th that MBS have bucked the trend and remained positive all week.  Is the is precursor to an increase in rates? I am not going to analyze this weekend but just the quick inherent feeling that 4.375 is way too low for a 30 yr...

Mortgage Rates May 14, 2009 – 30 YR 4.375%

WOW! Another great day in the Mortgage Rate world rates have bucked the 4 week trend of improving Monday – Tuesday only to worsen Wednesday – Friday. Rates have continued to gain market share each day this week.  See Par pricing for a 30 YR. Price your Loan. If you like what you see contact...