The ECB made no changes in rates or its other stimulus programs, disappointing some investors who had hoped for more stimulus. ECB President Draghi said that the ECB is ready to add stimulus as needed to ensure that the inflation rate rises to the target level.Compared to Friday's closing, the m
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04/21/2016
Weaker than expected Existing Home Sales data has moved Mortgage Backed Securities lower this morning.Compared to Friday's closing, the market has opened with a 0.125 - 0.250 worsening to the Points/Credits associated with any given interest rate option.This daily mortgage interest rate report i
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03/21/2016
Despite no significant economic data to report, the market opened nicely today for mortgage rates.Compared to Friday's closing, the market has opened with a 0.125 - 0.250 improvement to the Points/Credits associated with any given interest rate option (but we are trending in the wrong direction
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03/14/2016
Nice start today! Weaker than expected export data in China continues to raise concerns about the pace of the global economic growth. Compared to Monday's closing, the market has opened with a 0.250 improvement to the Points/Credits associated with any given interest rate option (but we are tren
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03/08/2016
Ouch! Friday morning is having an unpleasant start for mortgage pricing given the data on today's Employment Report. Against a consensus forecast of 190K, the economy added 242K jobs. Remember, good news for the economy = bad news for mortgage rates!Compared to Thursday's closing, the market has
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03/04/2016
Despite an early rally in stocks, it has been a relatively quiet morning thus far for Mortgage Backed Securities. No economic data will be released today, so all signs point to a relatively flat afternoon.Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Cr
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02/22/2016
Volatile day thus far for Mortgage Backed Securities. Despite a rough opening, we have had a mid-day pricing improvement given the declines in stocks!Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option (
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02/10/2016
It has been another volatile morning. Bonds have rallied while stocks are declining. The ADP estimate for private sector job growth in January was 205K, above the consensus of 190K. Additionally, ISM Services came in below expectations.Compared to Monday's closing, the market has opened with a 0
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02/03/2016
Quiet morning thus far for Mortgage Backed Security pricing...the Dow is up roughly 240 points. Report on Consumer Confidence came in higher than expected. Fed Meeting tomorrow.Compared to Monday's closing, the market has opened with a 0.000 change to the Points/Credits associated with any given
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01/26/2016
Mortgage Backed Securities declined this morning following a rally in stocks and stronger than expected housing data. Existing Home Sales came in above expectations.Compared to Thursday's closing, the market has opened with a 0.250 WORSENING to the Points/Credits associated with any given intere
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01/22/2016
