ARCHIVED BLOG POSTS
2010
4
Comments
Rate Lock Advice & Mortgage Market Update January 29, 2010, 9:30 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are unchanged from Thursday's close and up 6/32 from today's low. Favorable repricing is a possibility.Fourth quarter GDP grew at 5.7%, above the consensus of 4.6%.Consumer Senti...
01/29/2010
22
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Wow! Is this ever an eye opener. Directly opposite of what we've been taught over the years! I can remember in school being told to, 'duck and cover' or stand in a doorway during an earthquake. Doug Copp's findings are absolutely amazing. I hope we all remember his survival method if we are ever ...
01/28/2010
4
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Rate Lock Advice & Mortgage Market Update January 28, 2010, 3:20 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices closed the day up 2/32Durable Orders came in weaker than expected and Bernanke's confirmation for a second term boosted MBS markets. RATE NOTES:When MBS prices are up, Rates are d...
01/28/2010
3
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Rate Lock Advice & Mortgage Market Update January 28, 2010, 6:45 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are down -3/32. Durable Orders came in weaker than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate...
01/28/2010
0
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Rate Lock Advice & Mortgage Market Update January 27, 2010, 1:20 PT RATE LOCK ADVISORY Lock Advice: LOCKMBS Price is down 3/32. MBS prices dropped after the release of the Fed statement reaffirming the MBS purchase program will be concluded by the end of March. December New Home Sales fell 8...
01/27/2010
3
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Rate Lock Advice & Mortgage Market Update January 27, 2010, 12:00 PT RATE LOCK ADVISORY Lock Advice: LOCKMBS prices are Down 4/32 and 7/32 below their high for the day. There is a lot going on today. New Home Sales came in lower than expected. The Fed announcement will come out around 2:15 ET...
01/27/2010
1
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Rate Lock Advice & Mortgage Market Update January 26, 2010, 2:15 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are currently up 3/32, down from today's high of 6/32Consumer Confidence increased slightly and demand was average for today's 2-Year bond auction. RATE NOTES:When MBS prices ar...
01/26/2010
3
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Rate Lock Advice & Mortgage Market Update January 26, 2010, 11:50 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are currently up 3/32, down from today's high of 6/32Consumer Confidence increased slightly and demand was average for today's 2-Year bond auction. RATE NOTES:When MBS prices a...
01/26/2010
2
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PM Rate Lock Advice & Mortgage Market Update January 25, 2010, 3:30 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices close the day down -2/32. MBS prices stayed in a narrow range today. December Existing Home Sales fell 17% to 5.45 million annual units, far below the consensus forecast of ...
01/25/2010
6
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Rate Lock Advice & Mortgage Market Update January 25, 2010, 6:50 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are down -2/32. Existing Home Sales will be released at 10:00 ET.. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Ba...
01/25/2010
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