My Mind on Mortgages

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

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. [...]

Mortgage rates are unchanged from yesterday (mortgage rates moved modestly higher yesterday. See this morning’s you tube video to learn more about the cause of mortgage rates increasing and what we can laern from it.

The chart below shows mortgage rates ticking higher after hitting a low:

Sometimes words can be louder than actions.  As we expected in yesterday’s ‘rate update’ mortgage rates have improved modestly this morning thanks to Ben Bernanke’s assurances that the Fed has the tools to curb future inflation (even though no action has been taken thus far).
We pointed out earlier in the month the importance of the [...]

Mortgage rates appear poised to move lower this morning.  Despite positive earnings reports that have helped stocks to move higher, mortgage-backed bonds have rallied this morning thanks to comments made by Fed Chairman Ben Bernanke.

Watch today’s you tube video for details on what he said.
Click this link to view Fed Chairman Bernanke’s Op-ed piece in [...]

Mortgage rates are essentially unchanged this morning despite an economic storyline that would typically help rates move lower.
Equity markets around the world traded lower today as investors pull back on stocks ahead of earnings season which kicks off on Wednesday.  The US Dollar is trading higher against foreign currencies and oil prices are lower.  This [...]