Mortgage markets worsened last week in see-saw trading. By the time Friday’s market closed, mortgage rates were higher across the board — ARMs, fixed rates, FHA and conventional.
The biggest stories of last week were actually non-stories.
First, the ash cloud from Iceland’s Eyjafjallajökull...
Mortgage markets improved yesterday after the Federal Reserve released its March 16, 2010 meeting minutes. It’s good news for home buyers and rate shoppers — rates could have just as easily gone the other way.
The Fed Minutes is a detailed recap of the debate and discussion that shapes the...
Mortgage markets performed terribly last week as losses piled up day by day. It marked the second straight week of sell-offs.
Pricing was influenced on several fronts including better-than-expected economic data, the end of the Federal Reserve‘s mortgage buyback program, and a short trading...
Mortgage markets tanked last week, raising rates to their highest levels in a month.
Most of the losses occurred Wednesday in what was the worst 1-day mortgage market performance in more than 6 months. Even Friday’s rally could barely dent the losses. Most of the movement was tied to geopolitical...
Today’s Auction results reiterated yesterdays bleak results. All this just days ahead of the end of the FED MBS Purchase Program. In the last 24 Hours we have witnessed Mortgage Rates increase over .25% with repricing for the worse still trickling in. If the Auctions are producing this type of...
