Tag: direction of mortgage rates
Rate Update August 5, 2009
Mortgage rates are modestly higher this morning.
It’s already been a bumpy ride in the mortgage-backed bond market this morning. Watch today’s you tube video to understand why.
Current outlook:locking bias
Posted: August 5th, 2009 under Rate Update.
Tags: august 5 free mortgage rate outlook, august 5 mortgage rates, august 5 rate update, direction of mortgage rates, lock or float, mortgage rates for august 5, should I lock or float my interest rate?
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Rate Update July 28, 2009
Mortgage rates are unchanged from yesterday.
As I explained in yesterday’s ‘rate update’ we are closely watching the level of foreign participation in this week’s US Treasury auctions. Today there will be $42 billion in US T-bills sold to the market. We wouldn’t surprised to see mortgage rates increase due to the additional supply of bonds [...]
Posted: July 28th, 2009 under Rate Update.
Tags: case-shiller, case-shiller july 29, direction of mortgage rates, float my rate?, free rate update, july 28, july 28 mortgage outlook, july 28 mortgage rates, lock my rate, lock or float my rate? july 28, Rate Update
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Rate Update July 27, 2009
Mortgage rates are unchanged from Friday.
This week’s schedule for US Treasury fixed-income securities auction:
The US Treasury is scheduled to sell a high volume of T-bills, notes, and bonds this week. On Monday, $6 billion in Treasury-inflation-protected 19.5-year notes will be auctioned; along with $32 billion in 13-week bills and $31 billion in 26-week bills. [...]
Posted: July 27th, 2009 under Rate Update.
Tags: direction of mortgage rates, direction of mortgage rates july 27, july 27 mortgage rate outlook, july 27 mortgage rates, lock my rate, lock or float, mortgage rate update, mortgage rates, should I lock or float my interest rate?
Comments: 2
Rate Update June 23, 2009
As we know mortgage rates typically rise when the stock market rallies. That is the case this morning with the Dow Jones Industrial Average surging past the 9,000 mark for the first time since January.
Stocks are rallying on a flurry of positive earnings data from Ford Motor Co., AT&T, and 3M.
However, stocks are also benefiting [...]
Posted: July 23rd, 2009 under Rate Update.
Tags: direction of mortgage rates, interest rate outlook, july 23 mortgage outlook, july 23 mortgage rates, Rate Update, should I lock or float my interest rate?, should I lock or float?, will rates go up or down?
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Rate Update July 9, 2009
Mortgage rates are lower by about .125% this morning after mortgage-backed bonds rallied yesterday afternoon. In the last month mortgage rates have now decreased by approximately .75%.
Yesterday after the close of the stock market aluminum maker Alcoa (AA) kicked off the 2nd quarter earnings season. As expected their current earnings were soft. But, they were [...]
Posted: July 9th, 2009 under Rate Update.
Tags: direction of mortgage rates, mortgage rates
Comments: 1
Mortgage Rates headed higher?
This cnnmoney.com article predicts that mortgage rates will be moving higher over the course of the next 6 months. The reasons?
-Increased supply of US treasury bills to pay for the financial bailout plan. When the supply of treasury’s increase it pushed yields higher for all fixed income securities including mortgage-backed bonds.
-FDIC’s plan to cover unsecured [...]
Posted: October 16th, 2008 under General Mortgage Info., Rate Update.
Tags: direction of mortgage rates, mark zandi, mortgage rates, treasury yields, treasurys
Comments: 1