Posted on Thursday, 22nd July 2010 by chrisjones
Welcome to RateWatch for Thursday July 22, and here’s what’s happening: Today’s market: The benchmark bond is down 15bps today. We’re trading in a narrow channel. It’s a huge day for economic news, with jobless claims coming out worse than expected – at least, worse than the experts expected – and existing home sales numbers [...]
Tags: lehi lender, Lehi mortgage, mortgage lehi, mortgage Utah, RateWatch
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Posted on Tuesday, 20th July 2010 by chrisjones
So I made RateWatch a videocast. Approximate text is below. But I beg you – send me an email (chris@lehilender.com) or make a comment and let me know what you think. Good idea? Good idea but bad execution? You don’t have to be gentle. Let’s get to it. MARKET: the market is down a bit [...]
Tags: lehi lender, mortgage lehi, mortgage rates, mortgage Utah, RateWatch
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Posted on Wednesday, 5th May 2010 by chrisjones
Markets: Bonds are up again today, up about 18bps (which is .18), and that puts us right on the lows of the year. Rates have not responded quite as exuberantly, but we’re touching 5% again. Even lower on some programs. Analysis: Rates are sticky down, meaning that they stick on the way lower and don’t [...]
Tags: RateWatch, Told you so
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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
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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
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