Happy Monday morning to all and it is another bright, sunny day here in South Florida. Unfortunately, things are not so bright in the mortgage backed securities market and exactly where MBS prices, and thus mortgage rates, are going to go could get very interesting this week. Remember that last week I
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Mortgage Market Update – July 12, 2010
- Mortgage Market Update – July 12, 2010
Happy Monday morning to all and it is another bright, sunny day here in South Florida. Unfortunately, things are not so bright in the mortgage backed securities market and exactly where MBS prices, and thus mortgage rates, are going to go could get very interesting this week. Remember that last week I .. - Mortgage Rates Continue to Rise; Fed Announcement Due Tomorrow
Last week, the markets for mortgage-backed securities were absolutely dominated by irregular economic events. Monday morning, mortgage rates looked like they might start to stabilize, as Federal Reserve Chairman Ben Bernanke’s interview on 60 Minutes assured traders that neither inflation nor long-term rates would be allowed to rise too rapidly. By the end of the.. - Mortgage Market Update – July 6, 2010
Good morning and as I stated in yesterday’s radio program, I have delayed this week’s report until today since the markets were closed yesterday and I wanted to give you a better view of what lies ahead. Of course, flying in from Rio de Janeiro yesterday early morning certainly doesn’t keep one .. - Mortgage Market Update – June 21, 2010
What an exciting week last week turned out to be and that will likely continue through this one as well. Shortly after my delayed post last week and after airing my radio show, MBS prices tanked and caused all of those rate alert services to post lock alerts, though I never changed .. - Mortgage Rates Rise Sharply on Inflation Fears, G20 Pressure
After several months of stability at very high pricing levels, the floor dropped out from under mortgage pricing last week. Mortgage prices fell 175 basis points, or 1.75 points last week, as traders headed for the exits. Treasury prices were also under a lot of pressure, with the benchmark 10-year yield rose 20 basis points,..