Friday is a pivotal day for mortgage markets and conforming mortgage rates across Washington. At 8:30 AM ET, the government will release its March Non-Farm Payrolls report.
More commonly known as “the jobs report”, the monthly Non-Farm Payrolls is a market-mover and home buyers would do...
Standard & Poors released its Case-Shiller Index for the month of January this week. The index is a home valuation tool, measuring the monthly and annual changes in home prices in select cities nationwide.
January’s Case-Shiller Index gave a poor showing. As compared to December 2010, home values...
On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month, according to the National Association of REALTORS®. A “pending home sale” is defined as a home under contract to sell, but not yet closed.
February’s Pending Home Sales Index rebound...
Mortgage markets worsened last week as nuclear meltdown concerns eased across Japan, and the war within Libya moved closer to a potential finish.
Wall Street voted with its dollars, and a return to risk-taking emerged. “Safe haven” buying softened last week and, as a result, conforming mortgage...
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Both Treasury Bonds and Mortgage backed securities carry interest rate risk, which means that the value of existing bonds will tend to fall as current interest rates rise. As a result, any rise in interest rates will immediately impact the value of this enormous portfolio. The Fed has to be very careful...
