Category Archives: Interest Rates

Daily Rate Update: Mortgage Rates Continue Higher as Market Activity Increases

Mortgage Rates Continue Higher As Market Activity Increases

Mortgage rates moved slightly higher again on Tuesday, continuing a gentle drift higher from the lowest levels in several weeks on Friday. While yesterday’s rates were arguably in line with most of last week’s offerings, today’s weren’t quite comparable. That said, they certainly haven’t risen back to the previous week’s levels or even to last Monday’s levels for some lenders. 3.625% continues to be the most common Best-execution rate for 30yr Fixed, Conventional loans with today’s deterioration…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/298708.aspx

Daily Rate Update: Mortgage Rates Close to Multi-Month Highs Ahead of Important Jobs Data

Mortgage Rates Close To Multi-Month Highs Ahead Of Important Jobs Data

Mortgage rates moved relentlessly higher for the fourth straight day on Thursday, bringing them close to the seven month highs last seen in mid-February. This comes as the result of some of the big-ticket market moving events markets have been waiting for this week, particularly the European Central Bank President’s press conference as well as stronger than expected Jobless Claims data. Best-Execution for 30yr Fixed, Conventional loans is once again edging up to levels where 3.75% becomes a consideration…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299152.aspx

Daily Rate Update: Employment Data Sends Mortgage Rates Near 10-Month Highs

Mortgage Rates Highest In Nearly 10 Months After Employment Data

Mortgage rates vaulted higher today at their fastest pace since late January, after the Employment Situation showed an unexpectedly high number of jobs created in February. The Employment Situation is the most important piece of domestic economic data each month and always has the potential to greatly impact markets. This was indeed the case today, and it brings 30yr Fixed Best-Execution up to 3.75% for the first time since May 2012. Lenders are still offering lower rates, but at greatly increased…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299329.aspx

Daily Rate Update: Mortgage Rates Vary by Lender After Friday’s Rout

Mortgage Rates Vary By Lender After Friday’s Rout

Mortgage rates are very slightly lower in many cases after surging on Friday to the highest levels in nearly 10 months. That said, some lenders continued higher today while others were essentially flat. Overall, the average Best-Execution rate is moderately lower today, but very close to Friday’s latest levels. That means that the shift from 3.625 to 3.75% continues to be supported so far this week. 3.75% is the highest best-execution rate we’ve recorded since May of 2012. ( What is A Best-Execution…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299541.aspx

Daily Rate Update: Mortgage Rates Struggle to Improve Despite Bond Market Strength

Mortgage Rates Struggle To Improve Despite Bond Market Strength

Mortgage rates are mixed to lower today, but some lenders are still in worse shape than yesterday afternoon’s latest offerings. This stratification around unchanged levels belies the day-over-day changes in bond markets, including the mortgage-backed-securities (MBS) that most directly influence mortgage rates. That said, a few lenders did release positively revised rate sheets in the afternoon after a day of steady improvement in MBS. Best-Execution is still at 3.75% with 3.625% still viable for…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299728.aspx

Daily Rate Update: Mortgage Rates Still Stratified but Sideways on Average

Mortgage Rates Still Stratified But Sideways On Average

Mortgage rates were flat on average today, but continued to be stratified depending on the lender. In other words, some rate sheets were moderately better than yesterday’s latest while others were slightly worse. That said, most were fairly close to yesterday and several lenders improved pricing in the afternoon after a stronger-than-expected Treasury auction gave a lift to MBS (the mortgage-backed-securities that most directly affect mortgage rates). Conventional 30-yr Fixed best-execution remains…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/299945.aspx

Daily Rate Update: Mortgage Rates Fall Back to Unchanged After Morning Weakness

Mortgage Rates Fall Back To Unchanged After Morning Weakness

Mortgage rates were flat for the third day in a row , despite strong economic data and a weak 30yr Treasury Auction (two things that normally connote higher rates. Bond markets had already weakened appreciably overnight, however, and were thus in a better position to digest the data. MBS (the mortgage-backed-securities that most directly influence rates) clawed their way back to unchanged levels by 2pm Eastern time, and mortgage rates followed suit with many lenders “repricing” from higher rates…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/300141.aspx

Daily Rate Update: Mortgage Rates Continue Leveling-Off, Improving Slightly

Mortgage Rates Continue Leveling-Off, Improving Slightly

Mortgage rates improved modestly , capping a week that’s seen rates either move sideways or slightly lower every day. Today’s stability and ultimately, improvements came as the result of uneventful overnight trading and a small surge in “asset allocation” trading out of stocks and into bond markets after stocks opened. General bond market strength benefits MBS, the securities that most directly affect mortgage rates. Weaker-than-expected Consumer Sentiment data continued to keep demand high for less…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/300328.aspx

Daily Rate Update: Mortgage Rates See Biggest Drop in Over Three Weeks

Mortgage Rates See Biggest Drop in Over Three Weeks

Mortgage rates moved lower today at their fastest pace since February 25th’s Italian election stalemate. Today’s move is also bigger than the entire week of sideways-to-slightly-lower rates last week. That said, the first week of March (the one that included the Employment data), is sort of a dividing line in 2013’s general trend toward higher rates. Everything before that Thursday is lower, everything after is higher, and today’s big move brings us right back to that dividing line. That means a…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/300536.aspx

Daily Rate Update: Mortgage Rates Rise Following Following Fed Statement, not Necessarily Because of It

Mortgage Rates Rise Following Following Fed Statement, Not Necessarily Because Of It

Mortgage rates moved higher today for the first time in nearly two weeks. Although the changes in lenders’ rate sheets versus yesterday were largely a factor of late-day market gyrations that followed the afternoon’s FOMC Announcement and Press Conference, the weakness in bond markets wasn’t directly linked to any of the FOMC Headlines or any particular question/answer from Bernanke’s press conference. In the grand scheme of things, the movement was small, but just enough relative to the day’s flat…

Article source: http://www.mortgagenewsdaily.com/channels/mortgage_rates_update/300891.aspx

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