Tag Archives: MBS Chart

LOCK Alert!

Yesterday I mentioned how the civil unrest in the Ukraine has caused mortgage rates to improve, and that most of that improvement has probably already been priced in. Well, late last night we found out that Putin began pulling his … Continue reading

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My Thoughts for the Week of January 13, 2014

Happy New Year everyone, I’m back after a few weeks off from my Rate Update. The markets were pretty quiet thru the holidays until last week when rates were gifted the December Employment report.  ADP’s Private Payroll report of +238K … Continue reading

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My Thoughts for the Week of November 18, 2013

The Oct employment report we received on Nov 8th was much better than expected. The market was predicting 130k new jobs, the report came back with +204k new jobs, big miss. This caused rates to jump up on the 8th. … Continue reading

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My Thoughts for the Week of Oct 28, 2013

We had a nice improvement in rates last Tuesday that helped lower 30yr fixed rates by about .125%. So what happened? We finally got the September employment report and it was less than bueno. The markets were expecting +180k new … Continue reading

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My Thoughts for the Week of Aug 26, 2013

Poor economic data continues to roll in, this morning being the huge miss in expected Durable Goods Orders which was down 7.3% vs the est of -3.0%. A week ago it was the SF Fed Chairman arguing for the Fed … Continue reading

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My Thoughts for the Week of Aug 19, 2013

Last week delivered another blow to interest rates caused by more QE tapering chatter. The SF Fed Chairman made a press release that in his opinion QE 2 and 3 have not produced the intended results, and that tapering out … Continue reading

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My Thoughts for the Week of July 15, 2013

Last week saw mortgage rates improve an average of .125 to .250 percent from the previous week. While each day continues to contain volatility, we enjoyed rate improvements 4 out of 5 days with the largest gains coming on Monday … Continue reading

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My Thoughts for the Week of June 17, 2013

The increase in rates over the last month has been a result of concerns that the Fed is about to begin its taper out of Bond and MBS purchasing, sparked by the greater than expected April employment report. After the … Continue reading

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My Thoughts for the Week of May 20, 2013

Last week was another wild ride in the bond/mortgage markets with big swings in both directions. What the markets gaveth on Thursday, they tooketh away on Friday. Rates are starting this week about a quarter point less in lender credit … Continue reading

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My Thoughts for the Week of May 13, 2013

We had another rough day in the bond and Mortgage interest rate markets last Friday, still trying to wrap my head around what happened. Last week we had virtually no domestic news capable of disrupting the market, but apparently some … Continue reading

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