The benchmark 30-year fixed-rate mortgage fell 7 basis points in Freddie Mac’s latest weekly survey of 125 mortgage lenders. Freddie said the one-year Treasury-indexed ARM was 5 BPS better than last week. But the underlying one-year Treasury bill yield rose 6 BPS. The London Interbank Offered Rate increased 7 BPS. View full post on MortgageDaily.com – [...]
Posts Tagged ‘Rates’
Lenders Keep Mortgage Rates Priced at Aggressive Levels
May 13th, 2010 
admin Posted To: Mortgage Rate Watch Mortgage rates moved sideways near the lowest levels of 2010 yesterday as benchmark interest rates had little motivation to move in either direction. This allowed lenders to keep rate sheets unchanged on the day. "No trend" seems to be "the trend" in the financial markets lately. Both stocks and bonds [...]
Posted in Uncategorized 
Tags: Aggressive, Keep, Lenders, Levels, Mortgage, Priced, Rates 
No Comments »Rates Plunge to Low for Year
May 13th, 2010 admin The average weekly rate for a 30-year fixed-rate mortgage has dropped to its lowest level of the year, according to Freddie Mac. View full post on National Mortgage News Headlines Share and Enjoy:
Rates Market Noncommittal as Stocks Test Technical Resistance
May 13th, 2010 admin Posted To: MBS Commentary Good Morning All. Stocks, "rate sheet influential" benchmark TSYs, and production MBS coupons extended their directionless trend yesterday. This allowed lenders to keep rate sheet rebate stable near the most aggressive levels of the year. If you are looking for a rational explanation behind recent range bound price action, it is [...]
Posted in Uncategorized Tags: market, Noncommittal, Rates, Resistance, STOCKS, Technical, Test No Comments »Mortgage Rates Move Sideways At 2010 Lows. Still Locking Loans
May 12th, 2010 admin Posted To: Mortgage Rate Watch Mortgage rates held steady near the lowest levels of the year yesterday as both stocks and bonds ended an "up and down" session relatively flat. Early this morning, the Mortgage Bankers Association released their Weekly Mortgage Applications Survey. The MBA survey covers over 50 percent of all US residential mortgage [...]
