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Mortgage Market Update

click for larger imageTreasuries and mortgage rallied Friday on yet another weaker than expected employment report for July. Tomorrow Treasury begins its quarterly refunding with $34B of 3 yr notes auctioned at 1:00. The key economic data this week doesn't hit until Thursday and Friday with weekly claims, July retail sales, July CPI and the mid-month U. of Michigan consumer sentiment index. So far this morning the rate markets are managing to hold Friday's gains.

Want to know more on how the Mortgage Market directly effects mortgage rates or need an explanation of the candlestick chart above? Send us an email and we'll gladly provide an in depth article.  Realtors, ask about a detailed presentation on the Mortgage Market at your next office meeting.

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Entries in interest rates (2)

Monday
Jan042010

Mortgage Rates on the Rise

DateMonday, January 4, 2010 at 9:55AM

Mortgage interest rates have been on a steady rise since November 25th, all due to a suffering Bond Market.  Mortgage Bonds have started the New Year to the upside; however, prices still need to break out of the downtrend they have been in for the past 2 weeks.  It appears that Bonds are attempting to stabilize and come out of this downtrend.  However, don’t expect Bonds to recapture all of their losses.  With the Fed buying fewer Mortgage Bonds and wrapping the program up entirely at the end of March, any improvement in rates may be modest at best. 



AuthorPamela Crim | Comments Off |
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Friday
Dec112009

Rising Mortgage Rates

DateFriday, December 11, 2009 at 9:29AM

Mortgage Bonds seem to have topped out on December 8th and have drifted lower since.  As a recap, the Bond Market directly affects mortgage interest rates – when the market is higher, interest rates are

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AuthorPamela Crim | Comments Off |
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