What a great way to start the week. Mortgage Rates improved today, with an increase in MBS. After a light data week last week, data returns. Tuesday, we’ll get a look at Retail Sales.  Because consumer spending accounts for two-thirds of the economy, a lower-than-expected figure for Retail Sales...

The flight to security was nonexistent for Mortgage Backed Securities before the long Holiday Weekend.   Mortgage Rates increased today as the FNMA 4% 30 YR MBS gave up .25bp.  Overall MBS are only down 3bp week over week (See Mortgage Rate Chart) The equity markets rallied and hitched a ride on Wells...

Mortgage Rates held steady today in anticipation of Thursday’s historic FASB Mark to Market announcement.  REAL TIME MORTGAGE RATES! Thursday’s announcement will have a significant effect on the financial markets.  There is mixed speculation on how both the Stock Market and the Mortgage Backed...

Mortgage Rates improved by 1/8 today after the FNMA 30 YR 4.5% MBS posted .0625bp gain.  More Obama action pushed the overall financial markets down today. REAL TIME Mortgage Rates Our current recession has been thus far called ”housing-led” and was predicted to last several years.  Last...

Mortgage Rates and MBS show impressive gain after late day DOW rally and Ominous Uber Regulator static. Geithner Testifies Before House Committee and gives hint of over regulation. We went too far now the GOV must do the same.  Odd way of self correcting the former FREE Market.  Time to re-read Commanding...

Another calm day in the MBS market (FNMA 30 YR 4.5% 101.72) translated into a stable day in Mortgage Rates. SEE REAL TIME MORTGAGE RATES!  Positive News for New Home Sales, February numbers reflected a 4.7% increase.  On the down side prices are down year over year. Don’t look now but oil prices...

Mortgage Rates remained unchanged today, even after a mid afternoon pullback in the FNMA 30 YR 4.5% which saw the MBS touch a low of 101.5625. REAL TIME MORTGAGE RATES! Today we saw the AIG Hearing commence with the House Financial Services Committee question Fed Chairman Bernanke, Treasury Secretary...

Mortgage Rates started the week in a positive manner improving as MBS posted a 31pb gain.  See Monday March 2, 2009 Mortgage Rates.  The DOW on the other hand started the month like a lamb, to date the DOW is down 22.9% . Wednesday, the White House is expected to release the details of the Homeowner...

Another down week in the Mortgage Backed Security Market, the FNMA 30 YR 4.5% gave up 56bp, which is roughly .375% in Mortgage Rates. The FED continued it MBS Purchase Program, acquiring $24.99BN this week.  The total is now $160.33BN of the allocated $500BN.  The program is set to run until this...

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,...