Obama Wins Low Yield as Markets Shrink Aiding Deficit – BusinessWeek
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Obama Wins Low Yield as Markets Shrink Aiding Deficit
BusinessWeek While net issuance of Treasuries will rise by $1.2 trillion this year, the net supply of corporate bonds, mortgage-backed securities and debt tied to … Treasuries Advance as Asian Stock Declines Boost Demand for Safety of Debt |
Best Execution Mortgage Rate Moves Lower. Jobs Data in Focus in Week Ahead.
Posted To: Mortgage Rate Watch
Mortgage rates went into the weekend at new record lows last Friday. This was the ALERT we published on Rate Watch… ALERT : There are some lenders out there, if the APP–to–CLOSING process is flawless, where a borrower could close at 4.25% right now, without paying more than 1 pt. But you're loan file is gonna have to be a real slam dunk. You must be the definition of "well-qualified". Mortgage rates moved lower as a result of continued high demand for agency mortgage-backed securities. We have described this demand as a "flight to safety" , but from another perspective, what it really boils down to is the highly-competitive loan origination environment. READ MORE A flight to safety happens when investors are nervous about owning risky assets like stocks, but do not…(read more)
Overhaul of Financial Regulation on Path to Obama’s Desk – BusinessWeek
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Overhaul of Financial Regulation on Path to Obama's Desk
BusinessWeek Derivatives took a central role in the debate over Wall Street regulation after losing bets on swaps tied to mortgage- backed securities pushed New … |
Mortgage News Updates for April
30 Year mortgage rates remain unchanged despite beliefs that rates would soar once the feds stop purchasing Mortgage Backed Securities.
Mortgage News
Will Interest rates continue to hover in the low 5′s for a 30 year fixed? It is anyones guess.
Fed Raises Interest Rates .25%
Buying a House, Getting a Car or taking out a Loan? This is article is for you.
Are rates finally on the swing back up? The Feds vote yes as they boost its discount rate by a quarter percentage point, to 0.75% late Thrusday. They claim it is largely symbolic due to the recovery in the stock market however higher rates are higher rates if you ask me.
In addition to the Feds unexpectedly raising the discount rate, they have acknowledged the fact that they plan to stop purchasing mortgage backed securities in March of this year which have totalled over 1 Trillion Dollars! They claim this will encourage banks to borrow private funds for lending rather than turning to the Feds for cheap money.
Mortgage rates have risen for the past 5 weeks according to mortgage buyer Freddie Mac, although they still remain in the low 5% range on a 30 year fixed which are historically low.
With the announcement, the Feds explain that it will be quite some time before they boost the rates to the full 1% mark which we had prior to the market crisis. We may have some time to lock in savings but the timeline is shortening.
Lenders Improve Mortgage Rates as Stocks Panic. Locking Ahead of Employment Report
Posted To: Mortgage Rate Watch
Mortgage rates extended their streak of moving sideways near the most aggressive levels of the year yesterday. Although prices of mortgage backed securities were moderately weaker at the end of the day, lenders were not forced to reprice for the worse, leaving rates unchanged at the end of the day but marginally worse than the previous day. All was generally quiet in the interest rate market….until today. First out this morning were Weekly Jobless Claims, released by the Department of Labor at 8:30am. This report gives us three measures on the number of Americans who filed for first time unemployment benefits in the previous week. Since our economy is driven by consumer spending, higher unemployment leads to less spending which is a negative for the stock market and generally supportive of…(read more)