Mortgage Update February 9 2018

“Mortgage Bond prices are modestly lower as the volatile week comes to a close. There were no economic reports due for release and the markets are relatively calm this morning. I am recommending locking in this volatile environment. If anything changes, I will get back to you. Have a great weekend!”

Mortgage Update February 8 2018

“A bearish cloud still hovers above the U.S. Bond Markets. Mortgage Bond prices are lower again this morning. Home loan rates have edged higher though still remain historically low. I will continue to recommend locking until such time I can see some stabilization take place from falling Bond prices. If anything changes, I will get back to you.”

Mortgage Update February 7 2018

“After several days of extreme volatility in Stocks and Bonds, Mortgage Bond prices are modestly higher while Stocks are well into positive territory. The Mortgage Bankers Association reports that mortgage rates rose in the latest week and are at the highs seen in April 2014. However, rates still remain historically attractive. I am recommending locking as Mortgage Bonds are still on shaky ground. If anything changes, I will get back to you.”

Mortgage Update February 6 2018

“Mortgage Bond prices are lower as the volatility in the U.S. markets continues today. There were no scheduled economic reports due for release today. The Treasury will sell a boatload of 3-year Notes today, results at 1:00 p.m. ET which could impact trading. Given the extreme volatility in the markets and the uncertainty it carries, locking is recommended. If anything changes, I will get back to you.”

Mortgage Update February 5 2018

“Mortgage Bonds are near unchanged and at four-year lows thanks to the recent sharp selloff. Stocks are lower but are now off their worst levels. Last week both the Mortgage Bankers Association and Freddie Mac reported that home loan rates edged higher bit are still at historically attractive levels. I am recommending floating. If anything changes, I will get back to you.
Have a great week!”

Mortgage Update February 2 2018

“Higher wage growth is pushing Mortgage Bond prices lower as the week comes to an end. In addition, more jobs were created in January than what was expected. Home loan rates edged higher this week though they remain historically attractive. With the Jobs Report behind us, floating is recommended. If anything changes, I will get back to you. Have a great weekend!”

Mortgage Update February 1 2018

“Mortgage Bond prices are near unchanged and at the lows seen in March 2017. Stocks are lower after the Fed painted a rosy picture of the economy, which could lead to increased rate hikes in 2016. Heading into tomorrow’s Jobs Report for January, I am recommending floating. If anything changes, I will get back to you.”

Mortgage Update January 31 2018

“Mortgage Bond prices are modestly higher this morning ahead of the 2:00 p.m. ET release of the Fed’s monetary policy statement. In economic news, ADP Private Payrolls in January came in higher than expected and comes ahead of Friday’s government Jobs Report. Heading into the Fed statement, I am recommending floating. If anything changes, I will get back to you.”

Mortgage Update January 30 2018

“Mortgage Bond prices are slightly lower despite a big decline in the major Stock indexes. In housing news, low inventories continue to fuel higher home prices across the nation. Heading into tomorrow’s Fed statement, floating is recommended for new clients. If anything changes, I will get back to you.”

Mortgage Update January 29 2018

“Chatter of less Quantitative Easing from central banks around the globe pushes Bond prices lower to begin the week, while yields rise. In economic news, inflation remained somewhat tame in December, while Personal Income and Spending matched expectations. With seemingly no floor of support below for Mortgage Bond prices, I am recommending locking. If anything changes, I will get back to you. Have a great week!”