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...
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 Rates...
Mortgage Rates regained their footing today as the 30 YR 4.0% FNMA MBS closed 9bp higher for the day. If last week was the precursor to this week, we will see rate improve and stabilize Monday – Wednesday and turn negative Thursday – Friday.
Mortgage rates ended last week exactly where they started. ...
Mortgage Rates ended the day without a change, after an early afternoon scare. Rates worsened earlier today as the FNMA 30 YR 4% MBS fell 21bp. Rates stabilized as the MBS regained its foothold to close the day where it opened. In other Real Estate news Obama’s Loan Modification program is now in...
Mortgage Rates for April 8, 2009 remained relatively unchanged given the .53bp swing in Mortgage Backed Securities. With earnings season underway Fixed Income securities should tend to be the benefactor as investors migrate towards a safer haven. With that said we should see stability on the Daily...
