Best Mortgage Rates in 30 Days

The day started with Initial Weekly Jobless Claims at 298k vs est of 305k, this should have been a slight negative for the bond market however it blew over like a southern summer afternoon thunderstorm.  At 12:00 pm pst, Consumer Credit was announced a 17.26B vs est of 18.55B, this was lower than expected and gave a boost for MBS to crossover to t ...
Read More...

MBS Feeling Pressure

MBS started the day just slightly below yesterday's closing however ISM Services and Factory Orders both just posted and BETTER than estimated.  This will pressure MBS lower in the current trading range.  I don't expect it enough to break range but enough for Mortgage pricing to worsen approximately 25 bps on the day.   Most of today's economic ...
Read More...


Refund checks kick off ‘tax buying season’

By Jonnelle Marte, MarketWatch  The Internal Revenue Service has cut more than $100 billion in refund checks so far this tax season, according to the latest data available. At $3,200, the average check is $200 more than what early filers collected at the same time last year. In surveys, ...
Read More...

Mortgage Rates Drop to 2-Week Lows

BY MATTHEW GRAHAM Feb 26 2014, 4:37PM Mortgage rates built on yesterday's strength and continued lower today.  After lenders released rate sheet improvements in the afternoon, the average offering was right in line with the low rates seen on February 13th or 6th.  While Monday's run up to 1-month highs briefly shifted the most prevalentl ...
Read More...


Is the Seller Aware?

By Geary Smith -February 14, 2014I am finding it increasingly more difficult to show listings. More agents are requesting that they be contacted via email for showing instructions or request they be contacted for showing instructions and then don't respond to the requests. For example yesterday I attempted to reach an agent who listed in Agent Rema ...
Read More...

Mortgage rates moved sideways today

Feb 24 2014, 4:53PM Mortgage rates moved sideways today, reflecting the ongoing indecision in the bond markets that underlie day-to-day rate movements.  The mortgage-backed-securities (MBS) that most directly affect mortgage rate movement spent some time in both positive and negative territory. Rate sheets themselves were slightly stronger ...
Read More...