Mortgage Rates Historic Increase – The End of Low Rates (Chart)

Today was a nightmare to say the least.  Just not a good day, rates have increased almost a full 1%. Now...

Mortgage Rates May 26, 2009 – Weekly Forecast

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...

Mortgage Rates May 11, 2009 – Weekly Forecast

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....

Mortgage Rates Week Review May 4 – 8, 2009 (Chart)

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...

FED Sr. LO Survey Says….

The recent FED Sr. Loan Officer Survey provides a glimmer of hope for the Loan world. Although rates are low one survey stood out to me; the survey which reflects Sr. LO opinion that guidelines and standards are tightening.  Read the Full Report....