Refinance
Mortgage and refinance rates today, Jan. 16, and rate forecast for next week
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Today’s mortgage and refinance rates  Average mortgage rates inched lower yesterday. But that followed six days without a fall, five of which showed rises. And averages remain noticeably higher than […]
MBS RECAP: Bonds Playing it Extra Safe Ahead of Biden’s Stimulus Details
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Posted To: MBS Commentary

Bonds Playing it Extra Safe Ahead of Biden's Stimulus Details As we discussed yesterday, the strong mid-week rally suggested a good amount of short covering was behind the move. This merely means traders who bet on rising rates were finally cashing in. It doesn't mean there are lots of new buyers interested in owning Treasuries. Today's weakness supports this narrative. Traders are indeed hesitant to buy bonds until they have more clarity about the stimulus plan that the new administration will attempt to pass. Biden is expected to offer additional details tonight after markets are closed, but the real question is whether or not the plan can get moderate democratic votes in the senate. That may be the talk of the town tomorrow. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am...(read more)

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MBS RECAP: Bonds Playing it Extra Safe Ahead of Biden’s Stimulus Details
By admin | |

Posted To: MBS Commentary

Bonds Playing it Extra Safe Ahead of Biden's Stimulus Details As we discussed yesterday, the strong mid-week rally suggested a good amount of short covering was behind the move. This merely means traders who bet on rising rates were finally cashing in. It doesn't mean there are lots of new buyers interested in owning Treasuries. Today's weakness supports this narrative. Traders are indeed hesitant to buy bonds until they have more clarity about the stimulus plan that the new administration will attempt to pass. Biden is expected to offer additional details tonight after markets are closed, but the real question is whether or not the plan can get moderate democratic votes in the senate. That may be the talk of the town tomorrow. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am...(read more)

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Mortgages surprisingly resilient in early bank earnings: KBW
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While some industry forecasts predicted origination volumes would fall 7% quarter-to-quarter in 4Q, early earnings numbers from Wells Fargo, JPMorgan Chase, Citi and PNC Bank show they were down just 3% when purchased loans are excluded.
Mortgage and refinance rates today, January 15, 2021
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Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. But don’t get too excited. Wednesday and Thursday’s combined falls only just cancel out Tuesday’s rise. Still, these reductions […]
Fannie and Freddie boost 2021 forecasts due to vaccine distribution
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Despite mortgage rates expected to rise modestly in 2021, a bolstered Biden administration stimulus package and COVID-19 vaccination efforts bring promise for economic recovery.
Debt consolidation refinance: How it works, pros and cons
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The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it's not the best solution for everyone.
The Real Story Behind The Past 2 Weeks of Mortgage Rate Volatility
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It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said rates should be rising, they continued on a calm journey to multiple record lows. 2021 has been very different so far! Covid and its impacts on the economy remain the driving forces behind market trends. That's generally been great for rates, but it also means that rates should gradually rise as we battle back against covid. If the onset of the pandemic pushed rates to all-time lows, it's only fair that progress against the pandemic would result in rates moving up from all-time lows. If you ask 10yr Treasury yields, that's been the case for quite a while. And while the stock market has been singing a similar tune, the mortgage market has been in its own glorious
The Real Story Behind The Past 2 Weeks of Mortgage Rate Volatility
By admin | |
It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said rates should be rising, they continued on a calm journey to multiple record lows. 2021 has been very different so far! Covid and its impacts on the economy remain the driving forces behind market trends. That's generally been great for rates, but it also means that rates should gradually rise as we battle back against covid. If the onset of the pandemic pushed rates to all-time lows, it's only fair that progress against the pandemic would result in rates moving up from all-time lows. If you ask 10yr Treasury yields, that's been the case for quite a while. And while the stock market has been singing a similar tune, the mortgage market has been in its own glorious
MBS RECAP: Big Victory This Week (In Response To Last Week’s Big Loss)
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Posted To: MBS Commentary

Big Victory This Week (In Response To Last Week's Big Loss) Relative to the spectrum of possibilities, ending the week with 10yr Treasury yields under 1.1% is a big victory. Of course that wouldn't have been the case before last week, but everything's relative in the bond market. From here, we'll be watching this week's high yields very carefully for continued support. If rates are going to surge back below 1.0%, the justification for such a thing has yet to reveal itself. Next week is light on data, and bonds are closed on Monday for Martin Luther King Jr. Day. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Retail Sales -0.7 vs 0.0 f'cast, -1.4 prev Core Annual PPI 1.2 vs 1.3 f'cast, 1.4 prev NY Fed Manufacturing 3.5 vs 6.0 f'cast...(read more)

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