Author Archive

Friday’s bond market has opened in positive territory following early stock selling and weaker than expected economic news. The stock markets are showing significant weakness with the Dow down 104 points and the Nasdaq down 24 points. The bond market is currently up 7/32, which should improve this morning’s mortgage rates by approximately .125...
Read more »

Tuesday’s bond market has opened in positive territory again as the stock markets show minor losses after disappointing earning results from Dow component Alcoa. The Dow is currently down 14 points, but more importantly has fallen below the 11,000 mark it finally closed above yesterday. The Nasdaq is down 5 points. The bond market...
Read more »

Monday’s bond market has opened in positive territory despite minor gains in stocks. The stock markets are showing optimism ahead of this week’s earning announcements with the Dow up 14 points and the Nasdaq up 2 points. The bond market is currently up 8/32, which should improve this morning’s mortgage rates by approximately .250...
Read more »

Friday’s bond market has opened in negative territory after this morning’s Employment report showed a sizable improvement in the labor market. The stock markets are closed today in observance of the Good Friday holiday, but the bond market will be open until noon ET. It is currently down 12/32, which will likely lead to...
Read more »

Wednesday’s bond market has opened in negative territory as investors prepare for today’s Treasury auction. The stock markets are showing minor gains again with the Dow up 13 points and the Nasdaq up 7 points. The bond market is currently down 8/32, which will likely push this morning’s rates higher by approximately .125 –...
Read more »

      Fed Comments Push Mortgage Rates HigherWhile investors began the week watching for fresh information about Greece and China, the Fed stole the spotlight on Wednesday with news that was unfavorable for mortgage markets, and mortgage rates ended the week moderately higher. The Fed currently has significant influence on mortgage rates. Over the last year, the...
Read more »

Thursday’s bond market has opened in negative territory again following stronger than expected inflation news. The stock markets are showing gains with the Dow up 18 points and the Nasdaq up 6 points. The bond market is currently down 9/32, which will likely push this morning’s mortgage rates higher by approximately .375 of a...
Read more »

Wondering About Mortgage Interest Rates
Read more »

Dont Cry Just Call CU Mortgage Division
Read more »

      Mortgage Rates Improve on Global Concerns The biggest influence on mortgage rates this week came from outside the US. Concerns about the possible default of sovereign debt in smaller nations caused investors to seek the relative safety of US fixed income securities. This week’s economic data was roughly balanced in terms of positive and negative...
Read more »