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Mortgage Market Update

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Market continues to be in somewhat of a holding pattern.  As you can see by the chart, we have been trading in a pretty narrow trading range for a while now.  Seems to be a lot of apprehension about the Fed MBS purchase program coming to an end next month. Their purchases have provided an artificial support and will be interesting to see how the market responds once gone. The government continues its selling of treasures this week as well. To the tune of 81 billion. This could put some added pressure on our rates with more supply to absorb. Stay tuned ...

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
04Jan2010

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
11Dec2009

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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