Today’s Mortgage Rate Summary

TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of […]

This Week’s Market Focus: Domestic Data, Central Banks, And Coronavirus

THIS WEEK’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real-time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of […]

Markets Digesting The Impact Of The $2 Trillion Stimulus Package

The stock indexes roared the last three days after the spending package was completed (still the House hasn’t signed, but that should happen today). The DJIA recovered 4,000 points since Monday. Interest rates edged lower as did the entire curve, although the movements have been relatively small compared to equity markets. The House members went home […]

Rate Focus: Jobs, Stimulus And Coronavirus Developmet

TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of […]

Market Focus: Stimulus Details, Covid-19, And The Fed

Lawmakers and the Trump administration, as expected, reached a preliminary agreement on an estimated $2 trillion stimulus package. Yesterday stocks rallied on the assumption a deal would get done. A lot is being made that the DJIA had the best day since 1933; it is just a number and has no significance but does make a […]

Market Update: Housing, Fed And Coronavirus

TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of […]

This Week Rate Markets Focusing On The Coronavirus, Fed, And Stimulus

THIS WEEK’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety […]

Market Update: Rates, Housing, And Coronavirus

TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of […]

Market News: Coronavirus, Jobless Claims, And Central Bank Moves

TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of […]

Market News: Stimulus, Job Market, And Mortgage Applications

The backing and filling in the stock indexes continue this morning, yesterday the DJIA +1049, this morning at 8:30 -1,031. Yesterday, the 10 yr note yield increased 35 bps to 1.08%, this morning at 8:30 am ET 1.07%. MBS prices yesterday were down 5 bps this morning +8 bps. This morning the stock indexes are once […]