April 2018

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. Wednesday - April 18   A WORD FROM THE BOND PITS: Mortgage Bonds c...

April 2nd, 2018 April 2018

March 2018

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 March 29th A WORD FROM THE BOND PITS: In the final session of Q1, M...

March 1st, 2018 March 2018

February 2018

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 Good News and Good News is Bad news. Wednesday February 28 MARKET WRAP: Stocks tanked today giving a modest boost to Mortgage Bond prices as the S&P 500 had its biggest ...

February 1st, 2018 February 2018

January 2018

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 Good News and Good News is Bad news. Wednesday - January 31   MARKET WRAP: The Fed left interest rates unchanged at today's FOMC meeting but the statement pain...

January 1st, 2018 January 2018

What exactly happens when a mortgage lender checks my credit?

What exactly happens when a mortgage lender checks my credit? : HTTPS://WWW.CONSUMERFINANCE.GOV/ASK-CFPB/WHAT-EXACTLY-HAPPENS-WHEN-A-MORTGAGE-LENDER-CHECKS-MY-CREDIT-EN-2005/ According to the link above from the Consumer Financial Protection Bureau (CFPB) A mortgage inquiry has a small, but negative impact on your credit score. You can shop around and have multiple inquiries for 45 days, and the impact is the same as one inquiry You can get a free credit report at www.annualcreditreport.com

December 31st, 2017 What exactly happens when a mortgage lender checks my credit?

December 26th - 29th

12/29/17 Market Wrap Sparse trading desks led to lower trading volumes in this holiday shortened week. Bond prices closed higher when trading ended at 2:00 p.m. ET. The Fannie Mae 30-yr 3.5% coupon ended at 102.72, +19bp and above both resistance levels at the 25- and 50-day Moving Averages. Stocks are modestly lower and close normal time at 4:00 p.m. ET. If you read this morning's Daily Market Update, you will see the huge gains seen in the U.S. equity markets in 2017. The 10-yr yield is finishing the year at 2.41%. WTI oil was last seen at $60.27/barrel. We'll get right back in...

December 29th, 2017 December 26th - 29th

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Contact

John Marbury
jmarbury@nationalbankofcommerce.com
Mortgage Lender NMLS# 514390
NMLS# 740833
Phone:205-266-5669
Fax: 866-217-4174

813 Shades Creek Parkway
Birmingham, Alabama 35209
 

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