On the heals of a rough day in the market, we have continued this disturbing rate trend today. Mixed economic data has caused a volatile morning. Two early economic reports were negative for Mortgage Backed Securities (MBS). The Employment Cost Index which measures the cost of labor, increased du
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07/31/2014
We are amidst a volatile morning thus far today. Jobless claims came in below expectations (their lowest level since February, 2006). Mortgage Backed Securities declined immediately upon discovery of this news. New Home Sales also came in below expectations. The market has opened roughly 0.12
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07/24/2014
Amidst banking problems in Portugal and violence in Israel, investors are again favoring safer assets this morning. The market has opened roughly 0.125 BETTER for the Points/Credits associated with any given interest rate option. This daily mortgage interest rate report is designed to provide B
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07/11/2014
After a down day on Friday, Mortgage Backed Securities rallied, then lost their gains after stronger than expected Chicago PMI and Pending Home Sales data. The market has opened roughly 0.125 WORSE for the Points/Credits associated with any given interest rate option. This daily mortgage interest
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06/30/2014
Stronger than expected New Home Sales and Consumer Confidence data has hurt Mortgage Backed Securities, reducing this morning's gains (after a pretty brutal day yesterday). The April Case-Shiller 20 City Home Price Index showed that home prices were 11% higher than this time last year. The market
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06/24/2014
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate
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06/23/2014
Pricing has opened 0.125 - 0.250 WORSE to the points/credits associated with each interest rate option. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling
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06/17/2014
Despite lower than expected PPI inflation data, Mortgage Backed Securities moved lower this morning. One reason is due to a speech last night suggesting that the Bank of England may begin to raise rates sooner than expected. Some investors are contemplating whether the Fed will provide similar gu
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06/13/2014
Although no economic data will be released today, the market has opened in negative territory after Friday's rough closing. Pricing has opened 0.250 WORSE to the points/credits associated with each interest rate option. This daily mortgage interest rate report is designed to provide Borrowers & R
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06/09/2014
It has been a volatile morning thus far. The data released at 8:30am EST matched expectations and initially had little impact. April Core PCE inflation rose 0.2% from March and was just 1.4% higher than one year ago. April Personal Income increased 0.3% from March. MBS prices then began to d
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05/30/2014
