Posted on Tuesday, 12th January 2010 by chrisjones
Markets: Bonds were up slightly today, trading up against a line of resistance. For the uninitiated, a line of resistance is an average, usually a 25-day or 50-day or 100 day, or what have you, that cuts across the bond price chart. Those lines form “resistance”, against which bond prices have to push in order [...]
Tags: lehi mortgages, RateWatch, Twelfth Night
Posted in Blog & News, General, Rate Watch | Comments (0)
Posted on Thursday, 7th January 2010 by chrisjones
Markets: We’re flat, again, down 6.25 bps (that’s basis points, meaning that the bond market for the FNMA 30-year 4.5% bond has fallen .0625%), which won’t have any impact on pricing. Markets are waiting on the employment numbers coming out tomorrow. If those are good, bonds will fall and rates will rise. Right now we’re [...]
Tags: RateWatch
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Posted on Tuesday, 24th November 2009 by chrisjones
Markets: The collapse of the dollar has driven rates slowly but surely to levels we haven’t seen in six months. Seriously. It would not be impossible to find 4.625% on some 30-year fixed loans, and we’re closing a 5/1 ARM tomorrow at 3.875%.
Analysis: Well, exactly a year ago today we watched as the mortgage market [...]
Tags: lehi lender, Lehi mortgage, mortgage shopper, RateWatch, utah mortgage
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Posted on Wednesday, 28th October 2009 by chrisjones
Markets: The bond market has reversed itself the last two days and is headed higher once again. It has broken through a couple of lines of resistance and is now trading at what my sources say is “an unsustainable level”. More on that below. Current levels on the FNMA bond correspond to 30-year fixed rates [...]
Tags: lehi lender, Lehi mortgage, RateWatch, utah mortgage
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Posted on Thursday, 24th September 2009 by chrisjones
Market: So the economy is roaring back, eh? Weeeeellllll…. Some are beginning to wonder. Mortgage-backed securities (these are the bonds issued by FNMA, etc. that directly link to mortgage interest rates - also abbreviated “mbs” in this space) are not reacting the way one would expect if everything was rosy going forward. As the economy [...]
Tags: $8000 tax credit, Lehi mortgage, mortgage-backed securities, RateWatch
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