Senate Approves Budget Blue Print. Are Tax Cuts Next?

Suggestions that can change during the day: Mortgage Bond prices have slipped below key support levels. Locking is recommended.After close Commentary: Hopes of tax reform sent Bond prices lower this morning and Stocks higher to end the week. The Fannie Mae 3.5% 30-yr coupon closed at 102.66, -25bp. The slightly better Existing Home Sales data had little impact on the Bond markets. The three major Stock indexes closed at record highs on hopes of tax reforms as the Republican-led Senate approved a $4T budget measure which enables the GOP to pass a tax bill with a simple 51-vote majority in ...

October 20th, 2017 Senate Approves Budget Blue Print. Are Tax Cuts Next?

News

Suggestions that can change during the day: Mortgage Bonds are getting a boost from lower Stocks prices. Carefully floating is recommended. After close Commentary: MBS closed with modest gains and traded in a tight range for most of the session ending near the highs of the session. Today's better than expected economic data limited today's Bond price gains. The Fannie Mae 30-yr 3.5% coupon closed at 102.91, +9bp. Stocks closed mixed. The Dow squeaked at a fresh record close, up 5.44 points to 23,163.04, while the S&P also closed at a fresh record high of 2,562.10 wit...

October 19th, 2017 News

Mortgage Rates & Hurricane News

Rates Effective October 18th, 2017 10:30 AM EST*30-Year Fixed Rate 3.875% (3.961%APR)**15-Year Fixed Rate 3.250% (3.397% APR)Conforming loans $424,100 and underNo origination fee on all posted rates.  Call for other rates. ***Rate Assumptions below the newsRates:  Coming soonSuggestions that can change during the day: Higher Stock prices are pressuring Mortgage Bond prices lower this morning, though support has been holding for prices. Carefully floating is recommended.After close Commentary: Coming Soon Late morning Commentary:   Hurricanes Harvey and Irma put a dent ...

October 18th, 2017 Mortgage Rates & Hurricane News

What does the UK have to do with it?

Suggestions that can change during the day: Mortgage Bond prices are flat, being capped by a sharp rise in inflation from the U.K. Carefully floating is recommended. After close Commentary:  Not much movement in the MBS markets today as prices seemed to be capped by the inflation warnings from the U.K. and Fed Chair Yellen. The Fannie Mae 30-yr 3.5% coupon closed unchanged at 103.03. Stocks closed mixed but the Dow did hit the 23K mark before ending below that level. The Dow gained 40.48 points to end the session at 22,997.44, a fresh record high close. The S&P 500 gain...

October 17th, 2017 What does the UK have to do with it?

Freddie Mac Reports 3.91% 30 year fixed

Call for today's Rates:  Next Rate Sheet posted on Wednesday MorningSuggestions that can change during the day: Mortgage Bond prices are modestly lower after last week's strong gains. Carefully floating is recommended.After close Commentary: Not a lot of movement in MBS for most of the session today as Bond prices were capped by rising Stock prices, a strong Empire State Index and after Fed Chair Yellen said yesterday that the U.S. economic outlook looks bright and that she looks for higher inflation in coming months. The Fannie Mae 30-yr 3.5% coupon fell 12bp to end at ...

October 16th, 2017 Freddie Mac Reports 3.91% 30 year fixed

Mortgage Rates & CPI Core 1.7% 5 months in a row

    Rates Effective October 13th, 2017 10:30 AM EST*30-Year Fixed Rate 3.875% (3.961%APR)**15-Year Fixed Rate 3.250% (3.397% APR)Conforming loans $424,100 and underNo origination fee on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day: Mortgage Bonds are higher after softer-than-expected inflation readings. Continue floating heading into the weekend.After close Commentary: The Consumer Price Index (CPI) jumped 0.5 percent in September from August, per the Bureau of Labor Statistics. This rea...

October 13th, 2017 Mortgage Rates & CPI Core 1.7% 5 months in a row

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