Lock em if you got em!!! Mortgages
Friday, July 29
What a day it's been. I just sat with the lock desk and lock all the loans I had in the pipeline. I am not gambler and I was able to offer at minimum .125% lower rate on all my loans over yesterdays pricing. Why am I telling you this? Well if your client has been waiting to lock in and they a...
Big Day for the Markets and the Country
Friday, July 29
The Day Ahead will include a lot of economic date on GDP, DEBT CEILING and Consumer Sentiment.For no reason I can think of the treasuries are even stronger then yesterday pushing the 10 year treasury to a yeild of 2.92%. The Fannie Mae 4.0 Coupon is up even more of yesterday giving the ability of...
MBS pricing better, Mortgage rates getting better, debt ceiling still an issue
Thursday, July 28
With the MBS coupons trading up as much as .15 ticks up we could see as much as 1/8 better in rates by morning. This assumes nothing changes over night and we know that won't happen. I would like to know what you all think of which way rates, the economy and the stock market will be heading i...
The Day Ahead: Jobless Claims, Home Sales Contracts, Debt Ceiling Vote
Thursday, July 28
Markets having seemingly stabilized again following a disastrous day in equities on Wednesday. Political noise in Washington remains the dominant theme as the House prepares to vote on Speaker Boehner's deficit-reduction plan, which may be much ado about nothing, as analysts don't expect such...
Mortgage Rates Best Execution
Wednesday, July 27
Best Execution Rates30 Year 4.66%15 Year 3.79%FHA 30 Year 4.36%Jumbo 30 Year 5.125%5/1 ARM 3.26%JS
Alert repricing for the worse
Wednesday, July 27
As it stands now the MBS markets are down anywhere from .09 ticks to .13 ticks. Whats this means is a possible respricing from the major mortgage companies from their first publsihed pricing of the day. JS [email protected]