No New Data This Week but There’s Still a lot That Could Move Markets

April 5, 2010

Which Way Will Mortgage Markets Move? Emergency!  The Federal Reserve has called an emergency meeting to review its Discount Rate policy.  The meeting was called for today, Monday April 5, at 11:30 AM ET.  It’s unknown exactly what the meeting will cover, but if new monetary policy is made, expect that mortgage rates will be […]

Read the full article →

Last Week Mortgage Markets Took Hit After Hit

April 5, 2010

Mortgage markets performed terribly last week as losses piled up day by day. It marked the second straight week of sell-offs.

Read the full article →

Big Economic News Makes for a Busy Week for Mortgage Rates

March 29, 2010

It’s the Big Reports That Count This week, markets should and probably will remain volatile. There’s a large set of economic data due for release, plus trading volume will thin as the week goes on because markets are closed Friday for Good Friday. Coincidentally, Friday is also the day that the March jobs report is […]

Read the full article →

Mortgage Markets Took a Turn for the Worse Last Week

March 29, 2010

Mortgage markets tanked last week, raising rates to their highest levels in a month. Most of the losses occurred Wednesday in what was the worst 1-day mortgage market performance in more than 6 months.

Read the full article →

Consider Locking In Your Rate, They Won’t Stay This Low For Long

March 22, 2010

What Will Impact Rates This Week? This week, in addition to the buyback program’s looming end-date, there’s several other potential influences on mortgage rates: The Existing Home Sales data for February is released Tuesday, along with the Home Price Index The New Home Sales data for February is released Wednesday Consumer Confidence data hits Friday […]

Read the full article →

Mortgage Rates Were Less Than Predictable Last Week

March 22, 2010

Mortgage markets closed unchanged last week, but that’s not say mortgage rates were calm. Monday through Wednesday, rates improved steadily before a swift, late-week sell-off unwound the gains. The speed of the Thursday-Friday reversal may signal that markets are preparing for change.

Read the full article →

An Overload of New Data this Week Should Bring Volatility to Mortgage Rates

March 16, 2010

BIG Data Makes a Return This Week Monday : Industrial Production and Home Builder Index Tuesday : Housing Starts and Building Permits Wednesday: Consumer Confidence Figures Thursday : Producer Price Index and Initial Jobless Claims Friday : Consumer Price Index and Continuing Jobless Claims And, if that isn’t enough to spook you, the Federal Open […]

Read the full article →

What Did the Fed Say? [March 16, 2010 Edition]

March 16, 2010

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent.

Read the full article →

With No Economic News, Mortgage Rates Worsened Last Week

March 15, 2010

Mortgage markets worsened last week with little economic news to push markets in either direction. Momentum trading and rebalancing of portfolios drove mortgage rates higher, on average, for the first time this month.

Read the full article →

Rates Could Rise Sharply This Week, Consider Locking Your Rate Early

March 8, 2010

Not Much Data to Consider This week, you might hear crickets it’ll be so quiet.  One of the only pieces of news is the Consumer Confidence numbers on Tuesday and Retail Sales on Friday.  Beyond that, there’s not much else.  Like I said, crickets. After last week’s performance, conforming mortgage rates in Iowa may be […]

Read the full article →

← Previous Entries

Next Entries →