Mortgage Rate Forecast Week of March 9, 2009

Mortgage Rates improved slightly today. See Real Time Mortgage Rates This week, there isn’t much economic news upon which to trade, save for Thursday Retail Sales data.  Therefore, markets will look for other clues about the future of the U.S. economy. Tuesday, Fed Chairman Ben Bernanke has a...

Mortgage Rates February 18, 2009 – Thats It? This Is Going To Save The Housing Market

Today Mortgage Rates ended where they started.  Prior to Obama’s Foreclosure Plan speech  MBS reached their worst, which I am confident, put lenders fingers on the trigger.  During the speech the majority of the losses were recouped.  Overall we did see a good amount of action in the MBS today, which...

Mortgage Rate Week End Wrap February 13, 2009

The week started out in a positive manner with rates improving both Monday and Tuesday, only to stall out on Wednesday and give back the majority of the gains Thursday and Friday. Mortgage Backed Securities ended the week with only a slight 3bp gain over last week. Friday we saw MBS give up -28bp (FNMA 30...

Mortgage Rates February 09, 2009

What a way to start the week!  Mortgage Rates improved slightly today, look for even better pricing tomorrow, after MBS (FNMA 30 YR 4.5%) posted a healthy 38pb improvement.  Check Real time Mortgage Rates. For the technical’s Friday looked to be Morning DoJo, this could be the starting point for...

Mortgage Rate & Loan Process Updates

Lending is in an evolutionary phase as I type this; the way in which loans are done is evolving into a process of approval first, rate lock last, which is the opposite of how it used to be. In the past, we locked rates, even if we were not sure the loan could even be done, and then just tried to make the...