Friday, December 8, 2017

Mortgage Bond prices are near unchanged (rates essentially the same) after the release of the strong Jobs Report for November. Stocks are higher as the rally continues.

The next hurdle for Mortgage Bonds and the markets comes next week with the two-day Fed meeting.

Home loan rates continue to hover just above all-time lows.

I am recommending carefully floating heading into the weekend. 


Have a great weekend!




Thursday, December 7, 2017

Stocks and Bonds are near unchanged (rates essentially the same) as the markets do not look to place any big bets ahead of tomorrow's closely watched Jobs Report for November.

Freddie Mac reports that home loan rates edged higher this week though they still remain just above all-time lows.

I am recommending short term locking, at least 30- days out. Longer term, floating is prudent. 


Wednesday, December 6, 2017

Mortgage Bonds are getting a lift (lower rates) from lower Stock prices due in part to geopolitical events.

ADP reported that private sector job growth in November was in line with expectations and comes ahead of the government Jobs Report being released on Friday.

The MBA said that home loan rates were near unchanged in the latest week and remain just above all-time lows.


I am recommending floating for the longer-term, 30+ days. In the short-term, locking is recommended ahead of Friday's Jobs Report.


Tuesday, December 5, 2017

Mortgage Bond prices are near unchanged levels (rates essentially the same), trapped in a sideways pattern.

In housing news, home prices saw strong gains in the year ended in October fueled by low mortgage rates, a limited supply of homes for sale and a strengthening economy.


I am recommending locking for those files that are 30 days until closing. 


Monday, December 4, 2017

Stocks are surging after the Senate passed its version of the tax bill, which is pushing Bond prices lower (rates higher) to begin the week.

There are no economic reports due for release today but the markets are looking ahead to Friday's Jobs Report for November.

With the rally in Stocks and subsequent lower Bond prices, I am recommending locking those files that are least 30 days to closing.

Have a great week!


Friday, December 1, 2017

Mortgage Bonds are near unchanged (rates unvarying) and off their best levels as they continue to search for a bottom after their recent slide.

Home loan rates continue to hover just above all-time lows as reported by Freddie Mac this week.


I will continue to recommend locking as the week comes to a close. Have a great weekend!





Thursday, November 30, 2017

Mortgage Bond prices are flat to slightly lower (rates are essentially unchanged) as Stocks rally on at the expense of Bonds.

Inflation remained tame in October as evidenced by the Core Personal Consumption Expenditure (PCE).

Mortgage rates continue to hover just above all-time lows.

I am recommending locking as Mortgage Bond prices are still on shaky ground. 


Wednesday, November 29, 2017

Strong economic growth coupled with unfriendly Bond words from Fed Chair Yellen are pushing Bond prices lower (rates higher) this morning.

In housing news, Pending Home Sales surged in October, concentrated in the South, after the hurricanes limited activity in September.

The Mortgage Bankers Association reports that mortgage rates were unchanged in the latest week and remain historically low.

I am recommending locking.


Tuesday, November 28, 2017

Despite higher Stock prices, Mortgage Bonds are slightly higher (rates are slightly lower) and are also showing resilience in the face of a strong housing report.

The Case-Shiller 20-City Home Price Index rose 6.2% year-over-year in September, above the previous reading in August. Low mortgage rates continue to buoy the housing market.


I am recommending carefully floating as I closely watch the action unfold during the day. 


Monday, November 27, 2017

Mortgage Bond prices begin the week near unchanged (rates are about the same) as they continue to trade in a sideways to slightly higher pattern.

This week's economic calendar is packed with an assortment of data that will cover a broad scope of the U.S. economy. October New Home Sales will be released at 10.

I am recommending locking those files that are 30-days or less to close. Further out, floating is prudent.

Have a great week!


Friday, November 24, 2017

Home loan rates end the week just above all-time lows which continues to help boost the housing market.

There are no economic reports in this holiday shortened trading session.

I am recommending locking in the short-term, 30 days or less. Longer-term floating is prudent.


Have a great weekend!


Wednesday, November 22, 2017

Mortgage Bonds are modestly higher (lower rates) in what will most likely be a quiet session ahead of the Thanksgiving holiday.

The Mortgage Bankers Association reports that home loan rates inched higher in the latest week though they remain historically attractive.

I am recommending locking for those clients that are due to close within 30 days. Longer-term, floating is prudent. Have a great long weekend!

Happy Thanksgiving!



Tuesday, November 21, 2017

Mortgage Bond prices are modestly higher (interest rates lower) being capped by rising Stock prices.

In housing news, Existing Home Sales in October rose more than expected. However, a shortage of homes for sales continues to push prices higher.

I am recommending locking those files that are closing in 30 days or less. Longer-term floating is prudent. 



Monday, November 20, 2017

Mortgage Bonds begin the holiday-shortened week modestly lower (higher interest rates) as prices continue to trade just below a key technical level.

There were no economic reports today in this holiday shortened week. The markets are closed on Thursday for Thanksgiving and the Bond markets will close early on Friday at 2:00 p.m. ET while Stocks close at 1:00 p.m. ET.

I am recommending locking in the short-term, 30 days or less. Longer-term floating is prudent.

Have a great week!


Friday, November 17, 2017

Lower Stock prices are boosting the Bond markets (lower rates) this morning as the seesaw trading pattern continues between the two asset classes.

October Housing Starts surged from September and hit their best level in a year. Weather disruptions in September fueled the big gains in October.

I am recommending carefully floating for new files 30+ days to close. 

Enjoy your weekend!