Friday, November 22, 2013
Tuesday, November 12, 2013
Thursday, November 7, 2013
market wrap November 7th 2013
Mortgage rates were flat to marginally lower today. The mortgage-backed-securities (MBS) that most directly inform lenders' rate sheets were surprisingly unperturbed by the morning's GDP data and other considerations, suggesting any chance of more sincere movement is being reserved for tomorrow's Employment Situation some positive and negative momentum finding relative balance in bond markets (of which MBS are a part). This was the case as early as late September, when rates were coming down from their highest levels in more than 2 years. They'd settled in to an exceptionally narrow range to wait out the government shutdown and were largely successful.
Monday, November 4, 2013
warket update November 4th 2013
Mortgage rates were mostly flat today, though some lenders offered slightly improved rate sheets compared to Friday afternoon. The improvements would have been small enough to only be seen in the form of "closing costs" and/or lender credit, while the actual quoted interest rate between today and Friday would likely be the same.
The bond markets that underlie and best inform mortgage rates had a calm, but agreeable day. There was a previously delayed report on Factory Orders added to the mix (along with the regularly scheduled Factory Orders report), but bonds didn't move on the news. That may change with tomorrow, as the scheduled data is more prone to causing movement.
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