RECENT BLOG POSTS
WEEKLY RATE – Rates Match Lowest Rates Ever, Then Move Up a BitJuly 2016Brexit caused the stock market to go way down and interest rates to improve dramatically with investors selling stocks and seeking the safety of bonds.As is often the case, the market over reacted and the stock market eventua...
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WEEKLY RATE – Rates Improve after FED statement, Lowest Rates in Over 3 Years June 2016 Interest rates continued to improve with momentum from the lower than expected job report and the FED statement on Wednesday. The FED’s Federal Open Market Committee (FOMC) will not raise rates and downgrade...
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WEEKLY RATE – Rates Improve After Weak Job ReportJune 2016Interest rates improved last week, culminating at their lowest levels on Friday afternoon after a much weaker jobs report than expected was released.On the week, the Mortgage Backed Security (MBS) market closed up + 67 bps, with most of th...
WEEKLY RATE – Rates Rise, Most Expect the FED to Raise Rates In June or JulyMay 2016Interest rates started off last week with some tough sledding but since then have improved some.The Mortgage Backed Security (MBS) market closed the week trading down -53 bps. Monday through Wednesday all had big...
WEEKLY RATE – Rates Continue in Holding PatternMay 2016Interest rates continued to be “Steady Eddie” last week.The Mortgage Backed Security (MBS) market closed the week trading up + 16 bps. This is the second week in a row where the MBS market hasn’t had much movement – keeping rates in the same...