Mortgage rates have not fared well the month of May, and today was no different. Mortgage Backed Securities once again ended the day in the red, giving up 68bp. What does this mean Mortgage Rates, how does this translate into consumer rates? Mortgage Backed securities and consumer rates move...
Hopefully rates do not follow the trend of Monday. Mortgage Backed Securities shed roughly 31bp which translates into an increase in consumer Mortgage rates.
This week, there isn’t much data to watch and, because of Memorial Day, trading will be very light towards Thursday and Friday.
It’s...
What a GREAT way to start the week. After a horrible Thursday and Friday last week, the FNAM 30 YR 4.0% regained majority of its losses in today. The MBS closed higher by 50bp, translating into .25%-.375% depending on which rate sheets you or your lender was pricing off. Mortgage Rates May 11, 2009....
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...
It’s already May, and time for another Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast
Loans closed in May will have first payment dates of July 2009.
If April was a harbinger of things to come for May, Homeowners and Homebuyers will be the proud recipients of stable LOW Historic Mortgage...