mortgage markets: PM Rate Lock and Mortgage Market Advisory - 09/04/09 06:32 PM
Rate Lock Advice and Mortgage Market Update
September 4 , 2009, 3:45 PM PT
Rate Lock Advice: LOCKMid morning price increase is a risk. MBS prices are down -5/32 (FNMA 30-yr 4.5 at 100.20), below 9:45 et pricing of unchanged.Job losses in August were -216K, which was very close to expectations, and the immediate reaction was small.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.

National Average Fixed Rate Mortgage Unchanged at 5.18% on Sep.4
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.786% Down 0.005%.
10 Year … (1 comments)

mortgage markets: Rate Lock Advice and Mortgage Market Update - 09/04/09 12:00 PM
Rate Lock Advice and Mortgage Market Update
September 4 , 2009, 9:45 AM PT
Rate Lock Advice:  LOCKMid morning price increase is a risk. MBS prices are down -5/32 (FNMA 30-yr 4.5 at 100.20), below 9:45 et pricing of unchanged. Job losses in August were -216K, which was very close to expectations, and the immediate reaction was small.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Unchanged at 5.18% on Sep.4
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.786% Down 0.005%.
10 Year Treasury … (1 comments)

mortgage markets: Rate Lock Advice and Mortgage Market Update - 09/01/09 10:51 AM
Rate Lock Advice and Mortgage Market Update
September 1 , 2009, 8:30 AM PT
Rate Lock Advice:  FLOATMBS prices recovered earlier their losses and are now unchanged above 9:45 AM ET initail lender pricing level of -1/32.  MBS prices are being helped by DJI stocks being down 158.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.2% on Aug.31
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.799% Up 0%.
10 Year Treasury currently 3.380% Down -0.02%
DJI stocks 9,337.95, Down … (1 comments)

mortgage markets: PM Rate Lock and Mortgage Market Advisory - 08/31/09 06:22 PM
Rate Lock Advice and Mortgage Market Advisory

Rate Lock Advice:  FLOATImproved midday repricing may be possible from some investors. MBS prices are up +7/32 (FNMA 30-yr 4.5 at 100.13), above 9:45 AM ET pricing of +4/32, and far above the early low of -1/32.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.2% on Aug.31
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.84% Down 0.067%.
10 Year Treasury currently 3.40% Down 0%
DJI stocks 9,496.28, Down -47.92, -0.5%
European … (1 comments)

mortgage markets: Rate Lock Advice and Mortgage Market Update - 08/28/09 09:22 AM
Rate Lock Advice and Mortgage Market Advisory

August 28 , 2009, 7:00 AM PT
Rate Lock Advice:  FLOATMBS prices are down -3/32. Personal Income and Core PCE came in very close to expectations and had little immediate impact..
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.19% on Aug.27
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.907% Up 0.071%.
10 Year Treasury currently 3.50% Up 0.03%
DJI stocks 9,555.69, Down -24.94, -0.26%
European and Asian Markets Up 1.027%
Nymex … (1 comments)

mortgage markets: Rate Lock Advice and Mortgage Market Update - 08/27/09 09:30 AM
Rate Lock Advice and Mortgage Market Advisory

August 27 , 2009, 7:30  AM PT
Rate Lock Advice:  FLOATMBS prices reversed direction and came back -7/32 to -2/32. Jobless Claims and GDP came in very close to expectations.
RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .Good economic news = Bad Rate News.
National Average Fixed Rate Mortgage Down 0.01% at 5.2% on Aug.26
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.837% Up 0.005%.
10 Year Treasury currently 3.450% Up 0.01%
DJI stocks 9,481.02, Down -62.5, -0.65%
European and Asian Markets Down -0.875%
Nymex Crude … (1 comments)

mortgage markets: Rate Lock Advisory and Mortgage Market Update - 08/26/09 01:11 PM
Rate Lock Advice and Mortgage Market Advisory

August 26 , 2009, 11:00  AM PT
Rate Lock Advice:  FLOATMBS prices are down -2/32. Durable Orders were stronger than expected, There was little reaction in MBS markets.
RATE NOTES:When MBS prices are up, yields (rates) are down.Lock advice can change throughout the day .Good economic news is Bad news for Rates.
National Average Fixed Rate Mortgage Down 0.01% at 5.2% on Aug.26
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.831% Down 0.025%.
10 Year Treasury currently 3.440% Down -0.01%
DJI stocks 9,551.68, Up 12.39, 0.13%
European and Asian Markets Up 0.125%
Nymex … (6 comments)

mortgage markets: Rate Lock Advisory - 08/20/09 11:26 AM
RATE LOCK ADVISORY
August 20 , 2009,  9:22 PM PST
Rate Lock Advice:  FLOATMBS prices are up +1/32 after Jobless Claims came in higher than expected.
When MBS prices are up, yields (rates) are down.
NOTE: Lock advice can change throughout the day .
National Average Fixed Rate Mortgage Unchanged at 5.22% on Aug.20
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.877% Up 0.03%.
10 Year Treasury currently 3.470% Up 0.02%
DJI stocks 9,313.92, Up 34.76, 0.37%
European and Asian Markets Up 1.466%
Nymex Crude Oil currently $73.08 Down $0.44
This morning MBS prices began with small losses, but moved higher after Claims … (2 comments)

mortgage markets: Rate Lock Advisory - 08/19/09 10:36 AM
RATE LOCK ADVISORY
August 19 , 2009,  8:30 AM PST
Rate Lock Advice:  FLOATLock Advice: Float. MBS prices are up +10/32. Should be a quiet day as there is no economic data will be released today.
When MBS prices are up, yields (rates) are down.
NOTE: Lock advice can change throughout the day .
National Average Fixed Rate Mortgage Unchanged at 5.23% on Aug.18
Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.846% Up 0.003%.
10 Year Treasury currently 3.440% Down -0.07%
DJI stocks 9,205.02, Down -12.92, -0.14%
European and Asian Markets Down -0.587%
Nymex Crude Oil currently $72.46 Up $0.05
Weakness … (5 comments)

mortgage markets: Bill Ladewig's AM Market Brief - 08/11/09 10:21 AM
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage

RATE LOCK ADVISORY
August 11 , 2009,  8:00  AM PST
Rate Lock Advice:  FLOATMBS AM prices are up +10/32. This AM, 2 Qtr Productivity showed an increase of 6.4%, above the consensus forecast of 5.5% but there was little immediate impact.
When MBS prices are up yields (rates) are down.
NOTE: Lock advice can change throughout the day.  click for updates.
National Average Fixed Rate Mortgage UP 0.04% at 5.35% … (0 comments)

mortgage markets: Bill Ladewig's AM Market Brief - 08/10/09 02:24 PM
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage

RATE LOCK ADVISORY
August 10 , 2009,  12:20  PM PST
Rate Lock Advice:  FLOATFavorable midday repricing is occuring. MBS prices are up +17/32, above the 9:45 et pricing level of +5/32, and at the high for the day.  Investors are buying bonds ahead of this week's Treasury auctions.
Remember, when MBS prices are up Yields (rates) are down.
Today will be a light day for economic news ahead of a … (1 comments)

mortgage markets: Rate Lock Advisory - 08/08/09 08:39 AM
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage

RATE LOCK ADVISORY
August 7 , 2009,  11:25 AM PST
Rate Lock Advice:  FLOAT with CautionGood Day for Stocks - Bad for RatesThe current MBS price is -19/32 and the market seems to have stablized after MBS prices were down this morning as low as -27/32 after the Employment report came in stronger than expected. NOTE: Lock advice can change throughout the day click for updates
Mortgage Market
National Average … (0 comments)

mortgage markets: Rate Lock Advisory - 08/07/09 01:30 PM
San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage


RATE LOCK ADVISORY
August 7 , 2009,  11:25 AM PST
Rate Lock Advice:  FLOAT with CautionGood Day for Stocks - Bad for RatesThe current MBS price is -19/32 and the market seems to have stablized after MBS prices were down this morning as low as -27/32 after the Employment report came in stronger than expected. NOTE: Lock advice can change throughout the day click for updates
Mortgage Market
National … (3 comments)

 
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