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June 2020

Friday - June 5   8:33 AM - May Non-Farm Payrolls unexpectedly rise by 2.51 million vs the -8.5 million expected!!! Stock futures add to already big gains. Bonds prices plunging. 10-yr yield rises to .92%. Thursday - June 4 Market Wrap -Mortgage Bonds closed lower though off their worst levels while the 10-yr yield rose to .82%, the highest close since March 25. The German 10-yr Bund yield ended at .31%. Stocks closed mixed ending a four-day win streak for the S&P. WTI oil ended at $37.42/barrel, near unchanged. Tomorrow brings the Jobs Report. We will not even try to gu...

June 3rd, 2020 June 2020

Blog image: May 2020

May 2020

Instructions on how to read this blog: Below is the news for the month when it happened and the market’s reaction.  For a full view of the month start at the bottom and work your way up. If want to know what just happened start at the top. All Times are Eastern Standard Time.  When the price of Mortgage Backed Securities (MBS) goes down rates go up, and when the price goes up rates come down. Remember in the bond market Bad News is Usually Good News and Good News is Usually Bad news. Friday - May 29     Late Morning Review - Inflation has been ...

May 5th, 2020 May 2020

Blog image: April 2020

April 2020

Click here for Weekly News Letter Instructions on how to read this blog: Below is the news for the month when it happened and the market’s reaction.  For a full view of the month start at the bottom and work your way up. If want to know what just happened start at the top. All Times are Eastern Standard Time.  When the price of Mortgage Backed Securities (MBS) goes down rates go up, and when the price goes up rates come down. Remember in the bond market Bad News is Usually Good News and Good News is Usually Bad news. Thursday - April 30 Market Wrap - Mortgage...

April 1st, 2020 April 2020

Blog image: March 2020

March 2020

Average Mortgage Rates   Rate Change Points Mortgage News Daily 3/31/2020 30 Yr. Fixed 3.37% -0.03 0.40 15 Yr. Fixed 3.50% 0.00 0.40 30 Yr. Jumbo 4.50% 0.00 0.00   Instructions on how to read this blog: Below is the news for the month when it happened and the market’s reaction.  Fo...

March 1st, 2020 March 2020

Blog image: February 2020

February 2020

Scroll Down to see the News! Average Mortgage Rates   Rate Change Points Mortgage News Daily 30 Yr. Fixed 3.51% +0.04 0.40 15 Yr. Fixed 3.18% +0.04 0.40 30 Yr. Jumbo 3.65% +0.04 0.00 Freddie Mac 30 Yr. Fixed 3.47% -0.19 0.70 ...

February 3rd, 2020 February 2020

Blog image: January 2020

January 2020

Average Mortgage Rates 1/30/2020   Rate Change Points Mortgage News Daily 30 Yr. Fixed 3.54% -0.02 0.40 15 Yr. Fixed 3.19% -0.01 0.40 30 Yr. Jumbo 3.64% -0.02 0.00 Freddie Mac 30 Yr. Fixed 3.51% -0.15 0.70 15 Yr. Fi...

January 2nd, 2020 January 2020

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