Mortgage Backed Securities (FNMA 4.5% 30YR) gave up little ground this week shedding only 9bp.  Although you wouldn’t think that if you read all the “Increase in Mortgage Rate” Tweets, in reality Mortgage Rates ended the week where they started.  To view real time rates check my Real Time Mortgage...

Home values around the country appear to be leveling. The Federal Housing Finance Agency’s latest Home Price Index report shows values up by nearly 1 percent in May versus the month prior. Since peaking in April 2007, values remain off by 11 percent nationwide. The FHFA Home Price Index is an...

Mortgage Backed Securities performed weak this week while the Equities market posted positive earnings.  The FNMA 30 YR 4.5% lost 1.28bp, translating into roughly .50% decline in Mortgage Rates. Two major Economic indicators also contributed to the MBS decline; Monday’s Core Producer Price Index and...

Mortgage Backed Securities slipped roughly .25bp (FNMA 30 YR 4.5%) today which translates into 1/8 decline in Consumer July 2009 Mortgage Rates. The small movement can be attributed the triple digit move in the DOW thanks to Financials. This week, rates should be in flux with traders watching 3 things. The...

Mortgage Rates had an overall positive week, the FNMA 4.5% 30 YR posted a .43bp total improvement for the week with only a slight scare on Thursday when we witnessed a capitulation of .65bp. Speculation on the improvement can be attributed to the 9 Firm kick start of the Public Private Investment Program...

Another positive week for Mortgage Rates. The Benchmark FNMA 30 YR 5% posted a positive 28bp improvement overall this week.  The newfound lack of confidence in the U.S. recovery coupled with the Geopolitical landscape are contributing factors to the resurgence in lower rates.  Fridays close is a positive...

To: All Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title Agents, and Consumers From: Marc Savitt, President- National Association of Mortgage Brokers After more than a year of exhaustive negotiations with Fannie Mae, Freddie Mac, James Lockhart, Director of FHFA (GSE Regulator),...

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...

The Federal Reserve adjourned from its two-day meeting this afternoon.  It’s one of 8 scheduled meetings each year for the Federal Open Market Committee. Although the FED announced to keep the FED Funds target unchanged, MBS gave up ground with the 30 YR FNMA 4.0% pulling back 22bp.  Mortgage...

Monday April 27, 2009 was a great way to start the week, as the FNMA 30 YR 4.0% MBS posted a healthy 18bp improvement today.  If the past 4 weeks dictate the future, mortgage rates will start and end the week essentially unchanged. For active home buyers who have yet to find the “right home”,...