Tag Archives: Mortgage Rates

Today’s Mortgage Rates Remain Strong at 4.75%

Written by: - November 3, 2009

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3 November 2009 ? Bonds opened down 19bps and have somewhat recovered to a current afternoon change of down 12bps. Wednesday marks the Fed?s two-day Federal Open Market Committee meeting. Many speculate that the Fed will leave rates at their current levels, but the meetings may indicate when the Fed plans on beginning the inevitable […]

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Bonds Rise in Value as Stocks Slump

Written by: - October 16, 2009

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16 October 2009 ?Bonds opened at 3bps today and have increased to 19bps this afternoon. If this holds, we may see the bonds continue to improve in the next few days. The rates have risen sharply from previous lows. Weaker than expected sales from GE and IBM have driven the Dow down 130 points today. […]

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Today’s Mortgage Rates Still at Historic Lows

Written by: - October 8, 2009

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8 October 2009 ? The bond market started out on Wednesday up 25bps, partly due to the retreat in the stock market after a two-day rally on Monday and Tuesday. While bonds retreated during the day, they made a strong move after the successful 10-year Treasury auction. The mortgage bonds are near a very important […]

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Today’s Mortgage Rates at All Time Lows

Written by: - October 5, 2009

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5 October 2009 ? Today the bonds opened up 9bps and they have rallied most of last week to bring mortgage rates to previous all time lows once again. If you are interested in refinancing, now would be the ideal time to contact your mortgage professional. The economic news has not been so great over […]

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Todays Mortgage Rates Are Incredibly Good, at 4.75% for Well Qualified Buyers

Written by: - September 30, 2009

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30 September 2009 ? The monthly ADP Report, which gives us a look at the private sector job market showed private employers cut 254,000 jobs in September, worse than the 200,000 which was expected. This release, as I have mentioned in the past, does not always match up with the Labor Department?s official Jobs Report, […]

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Slow Day Due to Yom Kippur?Today’s Mortgage Rates Holding Steady Below 5 Percent

Written by: - September 28, 2009

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28 September 2009 ? The mortgage bonds were down 12bps this morning, but are currently up 12bps. Trading has been light today because of the high Jewish holy day of Yom Kippur. There are no economic reports today and there are no Treasury auctions scheduled for this week. Friday the Jobs Report will be released […]

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Today’s Mortgage Rates Impacted by Durable Goods Order Numbers and Consumer Sentiment

Written by: - September 25, 2009

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25 September 2009 ? Today the bond market opened up 3bps and continued to improve and is currently at 15bps. Durable Goods Orders for August unexpectedly fell 2.4% for the largest decline since January. This was a big miss from projections, as mentioned in previous updates, the increase in orders may have been inventories falling […]

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Despite Volitility, Today’s Mortgage Rate Still Below 5 Percent

Written by: - September 24, 2009

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24 September 2009 ? Mortgage bonds are higher this morning after the bonds had an extremely volatile day yesterday. The overall effect on bonds for yesterday were a light drop, which was a result of the poor treasury auction as I mentioned in Monday?s update. The bonds recovered when the Fed statement was released and […]

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Today’s Mortgage Rates Hover at 5%. Inflation Concerns Rising.

Written by: - September 15, 2009

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15 September 2009 ? Mortgage Bonds opened down 28 bps. They are currently down 6bps as a result of some economic reports today. The bonds have been affected by much higher than expected wholesale prices, which can be a sign of inflation. The Producer Price Index (PPI…a measurement of inflation) rose 1.7% at the wholesale […]

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Mortgage Rates May Improve Based on 30-year Bond Auction

Written by: - September 10, 2009

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10 September 2009 ? The bond market is enjoying a nice rally right now and we should see rates improve this afternoon this is due to today?s $12 billion 30-year bond auction. The auction received an A+ rating from CNBC?s Rick Santelli. No major reports are due out again until Tuesday, September 15th which is […]

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Today’s Mortgage Rates Impacted by Unimployment Rates and Jobs Data

Written by: - September 4, 2009

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04 September 2009 ? Today the bonds opened down 3bps and have continued to slide this afternoon. We are down 25bps. The unemployment figure jumped to 9.7%, which is up from 9.4% as expected. The unemployment rate has doubled since the beginning of the recession in 2007. The job losses were reported at 216,000 versus […]

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Today’s Mortgage Rates Holding in the 4s for Well Qualified Buyers

Written by: - September 3, 2009

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03 September 2009 ? Today the bond market opened down 16bps and are currently down 16bps. Rates have not moved?they are still at 4.875% on the 30 year and 4.375% on the 15 year for the well qualified buyer (Single Family Home, 740+ credit, 40% down). The stock market tried to stage a rally this […]

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Today’s Mortgage Rate is Below 5% for Well Qualified Buyers

Written by: - September 1, 2009

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01 September 2009 ? This morning mortgage bonds opened up 3bps, then went on a turn for the worse as stocks rallied. However the stock market rally was brief and now the Dow is down 161. This is a significant reduction to the stock market, so bonds rebounded nicely and are now up 16bps. There […]

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