Posted on Friday, 2nd April 2010 by chrisjones
Markets: It’s a good thing it’s a short trading session today, because bonds are getting massacred. That continues the trend for the week that has seen us lose over 100bps, pushing rates above 5.25% this morning. Analysis: Good employment data – we actually have seen some hiring in this report – makes it look more [...]
Tags: lehi lender, Lehi mortgage, RateWatch
Posted in Blog & News, General, Rate Watch | Comments (0)
Posted on Wednesday, 24th March 2010 by chrisjones
Market: We’re off 90bps, meaning that we’ve lost almost a whole point in price on the benchmark 4.5% 30-year FNMA bond. That means rate pricing is off by just about that same amount, and 5% is on the ragged edge of no good anymore. Most lenders will be pricing at 5.25% in the morning. Analysis: [...]
Tags: Lehi mortgage, ratewat, RateWatch
Posted in Blog & News, General, Rate Watch | Comments (0)
Posted on Wednesday, 3rd March 2010 by chrisjones
Markets: Flat. No change. Rates hover at 5% and a bit below. 15-year loans are at 4.25% and thereabouts, 5/1 ARMS are 4% or a shade lower. Analysis: A piac nem tud melyik iranyba menni, ugyhogy semmisem tortenik. If I write the same thing I’ve been writing for the past month, it gets old, even [...]
Tags: lehi lender, Lehi mortgage, RateWatch
Posted in Rate Watch | Comments (0)
Posted on Wednesday, 17th February 2010 by chrisjones
Markets: We’re off 12bps, which is a bit less than what we gained yesterday. Rates hang out right at 5% (fractionally more on some programs, fractionally less on others). SOmething interesting to note: the 15-year loans are operating at their biggest spread in a decade – the 15 year fixed loan is currently selling at [...]
Tags: lehi lender, Lehi mortgage, RateWatch
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Posted on Wednesday, 10th February 2010 by chrisjones
Markets: We’re down 12 bps (to explain again, this means that the 4.5% FNMA mortgage-backed bond is down .12 points (whoops, just ticked down to .06, so we’re moving in the right direction)). As that bond moves, so move interest rates, in the opposite direction. As the bond moves up, rates move down. As the [...]
Tags: lehi lender, lehi mortgages, RateWatch
Posted in Rate Watch | Comments (1)
