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 [...]

Tags: lehi lender, Lehi mortgage, mortgage shopper, RateWatch, utah mortgage
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Posted on Tuesday, 1st September 2009 by chrisjones

Market: We’re flat.  Yesterday we were up 34 bps.  This is a trend, now, and not a blip.  There is consistent pressure for mortgage-backed securities (mbs) to rise to the 100- and 200-day moving averages, which we are sitting on right now.  That means rates holding steady at their current very low levels, between 5% [...]

Tags: lehi lender, mortgage shopper, RateWatch, utah mortgage
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Posted on Friday, 28th August 2009 by chrisjones

Specifically, Utah County.  Our latest batch of appraisals in the Utah County area have come in about 10% lower than projected.  Since we run all of our appraisals through the best AMC on earth, 1st Choice AMS, we know these are not appraiser-specific values.  These are across the board, almost all properties, all appraisers and [...]

Tags: lehi lender, mortgage shopper, utah mortgage, Utah Realtors
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Posted on Wednesday, 26th August 2009 by chrisjones

Market: We’re flat, as in 0bps movement, so far today.  We’ve been trading in a narrow range, with a push to the upside on bonds (down on rates) for a few days now.  I find this exceedingly odd, and will attempt to explain why.  Rates continue 5.25% or thereabouts on the 30-year, lower (and MUCH [...]

Tags: lehi lender, mortgage shopper, RateWatch, utah mortgage
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Posted on Friday, 7th August 2009 by chrisjones

Markets: We’re down 65bps and switching from watching the 4.5% FNMA bond to watching the 5.0% bond, because we always watch the bond that is closest to par.  The 200bp decline over the past 5 days puts the 4.5% out of range.  Correct.  That is not good news for mortgage rates.  Not in any possible [...]

Tags: lehi lender, mortgage shopper, RateWatch, utah mortgage
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