Mortgage Rate Weekly Forecast July 20, 2009

Mortgage Rates improved late today as the MBS market posted a healthy improvement alongside the DOW.  As stated in Last Week’s Review Mortgage Rates are positioned to improve this week with the light Economic Calendar and absence of any Treasury Auctions. The week’s key events are Fed Chairman...

Mortgage Market Weekly Review July 17, 2009 (Chart)

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 Rate Week Review July 10, 2009 – (Chart)

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...

Mortgage Rates Weekly Review – June, 19 2009 – Rates Heading Lower (Chart)

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...

Mortgage Rates June 5, 2009 – Week Review – I Hate When I Am Right!

Not much to say except is it over yet? As my colleges would say “Stop Being Chicken Little” although this time I might be right? Over the last eight (8) days MBS have been getting there you know what handed to them.  This does not translate good for consumer Mortgage Rates. End of market pricing 5.25%...