Tag Archives: Mortgage Rates

Today’s Mortgage Rates Consistently in the 4.875% to 5.0% Range

Written by: - August 26, 2009

Comments Off on Today’s Mortgage Rates Consistently in the 4.875% to 5.0% Range

26 August 2009 ? Bonds opened up 3 bps this morning and had a nice rally yesterday afternoon. This has currently put rates at 4.875% to 5.% on the 30-year fixed and 4.375% to 4.5% on the 15-year fixed ( assuming 60% LTV, $417,000 loan amount, Single Family Home purchase, 740+ credit score). Mortgage-backed bonds […]

Continue reading...

Today’s Mortgage Rates Are 5% to 5.125%?Impacted by Treasury Auction and Price Index

Written by: - August 25, 2009

Comments Off on Today’s Mortgage Rates Are 5% to 5.125%?Impacted by Treasury Auction and Price Index

25 August 2009 ? Bonds opened up 3bps, but are currently down 16bps as buyers are a bit cautious with the $42 billion Treasury auction today. Case-Shiller Housing Price Index rose to a seasonally adjusted 1.4% in June?the 2nd month in a row. Prices rose in 18 of 20 cities used in the survey and […]

Continue reading...

Mortgage Back Bonds Rally?Today’s Mortgage Rates at 5.125%

Written by: - August 24, 2009

Comments Off on Mortgage Back Bonds Rally?Today’s Mortgage Rates at 5.125%

24 August 2009 ? Today the bond market opened up 3 bps and is currently enjoying a rally with bonds up 47 bps. The rally is basically in response to the stock market pulling back from earlier highs. There are no economic reports due today, but the rest of the week will bring: Durable Orders, […]

Continue reading...

Today’s Mortgage Rates Dipping Below 5% for Well Qualified Buyers

Written by: - August 20, 2009

Comments Off on Today’s Mortgage Rates Dipping Below 5% for Well Qualified Buyers

20 August 2009 ? Bonds are currently up 12 bps but are hitting a ceiling of resistance for the 200 day moving average. There is tracking of the bond market, stock market, etc and typically there are indicators that can give trends. These moving averages, if broken through, would mean lower rates but typically you […]

Continue reading...

Today’s Mortgage Rates Hoving in the 4.875% to 5.125% Range

Written by: - August 19, 2009

Comments Off on Today’s Mortgage Rates Hoving in the 4.875% to 5.125% Range

19 August 2009 ? The bond market opened today up 9bps and sharply improved. However, bonds quickly retreated as the stock market staged a rally. The Dow is up 79 points, which has pressured the bond market. While bonds are currently up 18 bps, that is a drop of 10 to 16 bps. There is […]

Continue reading...

Today’s Mortgage Rates Remain Near 5%

Written by: - August 18, 2009

Comments Off on Today’s Mortgage Rates Remain Near 5%

18 August 2009 ? Today the bond market opened down 6 bps and are currently down 12 bps. Housing starts were lower than expected at 577,000 versus the 599,000 expected. Inflation is not a concern as the Producer Price Index (PPI), which measures inflation on a wholesale level, fell .9% versus .3% expected. In the […]

Continue reading...

Are We Out of the Woods?

Written by: - August 18, 2009

Comments Off on Are We Out of the Woods?

18 August 2009 ? The major question on most every one’s mind today is?are we out of the economic woods? It is no surprise that the housing market drives the economy. With what appears to be an upswing in home sales lately, most are hoping the answer is, “Yes.” There are a few factors that […]

Continue reading...

Today’s 30-Year Fixed Mortgage Rate Is Approximately 5.25%

Written by: - August 13, 2009

Comments Off on Today’s 30-Year Fixed Mortgage Rate Is Approximately 5.25%

13 August 2009 ? The bond market is currently up 19 bps today, however volatility looms with the Treasury auction later today. The retail sales numbers came in lower than expected -.1% versus .8%. Also initial jobless claims number soured the stock markets which both reports helped to push bonds higher. The initial jobless claim […]

Continue reading...

Good Economic News and Strong Stock Market Causing Today’s Mortgage Rates to Rise

Written by: - August 12, 2009

2 Comments

12 August 2009 ? Today the bonds opened up 6bps better, which gave us a little hope our rally would be sustained. However, that quickly turned south and bonds are now down 34bps for the day. Stock traders and investors continue to pour money into the Dow and the traders feel that no change in […]

Continue reading...

Today’s Mortgage Rates Lower After Last Week’s Increases

Written by: - August 11, 2009

Comments Off on Today’s Mortgage Rates Lower After Last Week’s Increases

11 August 2009 ? While last week?s stock market rally proved detrimental to bonds, we are starting to see a slight recovery in them this week. The bond market dropped 189 bps from Monday to Friday last week, which spiked up the interest rates to 5.5% – 5.625% for the 30 year fixed. Most of […]

Continue reading...

Today’s Mortgage Rates Still Around 5% on 30-Year Fixed Loans

Written by: - August 6, 2009

Comments Off on Today’s Mortgage Rates Still Around 5% on 30-Year Fixed Loans

6 August 2009 ? Today the bond market opened up slightly around 6bps and are currently up 9bps. We had a slight movement down after the unemployment claims dropped, however dismal retail sales immediately turned the bonds back into the positive territory. We have had six straight weeks of decline in the moving average of […]

Continue reading...

30-year Fixed Mortgage Rates Still in the Low 5s.

Written by: - August 3, 2009

Comments Off on 30-year Fixed Mortgage Rates Still in the Low 5s.

3 August 2009 ? Today the mortgage backed bonds opened down 28 and continued to slide and are now currently down 59 bps. Last week we had a good rally with bonds as reported in the daily update and on Friday we hit a level of resistance which basically predicted this downturn this morning. The […]

Continue reading...

Bonds Up, Mortgage Rates Hold Steady

Written by: - July 28, 2009

Comments Off on Bonds Up, Mortgage Rates Hold Steady

28 July 2009 ? What a day for bonds, this morning the bonds were up 3bps, and by Noon we were flying high with Day Change up 50 bps. However as I mentioned in my daily update last week, there were treasury auctions that were taking place this week of almost 210 billion which is […]

Continue reading...