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

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...

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...

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...

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 me. Real...

What a GREAT way to start the week.  After a horrible Thursday and Friday last week, the FNAM 30 YR 4.0% regained majority of its losses in today. The MBS closed higher by 50bp, translating into .25%-.375% depending on which rate sheets you or your lender was pricing off.   Mortgage Rates May 11,...

The first week of May is officially over, and Mortgage backed securities once again sold off at the end of the week giving up a total of 30bp this week (FNMA 30 YR 4% Chart). The selloff pushed Mortgage Rates higher for the first week of May. May 2009 Mortgage Rates. This week we saw the economy shed...

Both mortgage guidelines and the economy have tightened since 2006, bringing more attention to “joint homeowners” — non-spousal partners that buy and share a home as roommates. The practice is not new, but, anecdotally, co-purchasing is becoming more common. In the video above —...

It is about time!  Kudos Guaranty Bank.  The simplest way to limit the supply is to eliminate it.  Not only does it limit the supply, it detours future dilapidation and possible degradation. Thanks to Vision Victory Manifesto for the footage

The recent FED Sr. Loan Officer Survey provides a glimmer of hope for the Loan world. Although rates are low one survey stood out to me; the survey which reflects Sr. LO opinion that guidelines and standards are tightening.  Read the Full Report.