What Is Going On With Interest Rates? #wigowir
Below is the news when it happened and the market’s reaction. All Times are Eastern Standard Time.
11:23 am - See indexes below
9:34 AM - MBS at session lows as prices seem to be stalling.
9:32 AM - The S&P 500 opens lower.
9:23 AM New Rates have been posted
30-Year Fixed 3.375% (3.457% APR) No Origination Fee
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- 30-Year Fixed-Rate Mortgage: The monthly payment on a $200,000 30-year Fixed-Rate Loan at 3.375% and 70% loan-to-value (LTV) is $884.19 with 0 points due at closing. The Annual Percentage Rate (APR) is 3.457%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
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8:29 AM - There are no economic reports due for release this morning.
8:25 AM - U.S. dollar index 95.32, -0.06.
8:24 AM - WTI oil $46.26/barrel, near unchanged.
8:22 AM - 10-yr T Note yield 1.61%.
8:20 AM - S&P futures lower after the three day rally that took the Nasdaq to a fresh record close yesterday of 5,339.
8:12 AM - We grow ever so cautious with prices at the current frothy levels as they seem to reverse lower when looking at the six-month chart.
8:04 AM - MBS open near unchanged at the 2016 highs after the 3% Fannie Mae 30-yr coupon gained back 84bp since the September 14 low of 103.0.