Posted on Wednesday, 24th June 2009 by chrisjones
Market: Flat. We’re down 16 bps, which doesn’t signify. It’s been this way since Monday. Rates holding 5.25%-5.5%, depending on about 84 things. Analysis: The Fed is meeting, and should release something in about an hour. The fun part is predicting a) what they will say and b) what will happen to the markets when [...]
Tags: Fed, RateWatch, utah mortgage, utah mortgage broker, utah mortgage rates
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Posted on Tuesday, 16th June 2009 by chrisjones
Technical mortgage warning: this post is intended to mortgage industry professionals, and believe it or not, we’re interested in what it says. You probably won’t be, and no one will blame you for clicking here and going to somewhere more fun. The Home Valuation Code of Conduct (HVCC) is causing a firestorm of controversy and [...]
Tags: AMCs, HVCC, utah mortgage broker
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Posted on Tuesday, 16th June 2009 by chrisjones
This is one of the reasons that I don’t just slavishly follow the recommendations from the marketwatchers I subscribe to – nor should you slavishly follow mine. Earlier today the bond market opened down 41 bps, then reversed to even, then lost 16 more bps and we got all sorts of “alert to lock” warnings. [...]
Tags: RateWatch, utah mortgage broker, utah mortgage rates
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Posted on Monday, 15th June 2009 by chrisjones
Market: Apparently the world bond markets like it when I go out of town, because we got a sharp rally Thursday, followed it with a solid day Friday, and we’re up another 70 bps this morning. For those just joining us, that means rates are falling. We’ve not reached the levels we were at two [...]
Tags: RateWatch, utah mortgage broker, utah mortgage rates, Zillow
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Posted on Friday, 5th June 2009 by chrisjones
Market: Employment figures came in significantly less awful than was expected, and now everyone is sure that a recovery is underway. If so, this will be the most tepid recovery in the history of mankind, a recovery that in any other time would be called “a depression”, but nonetheless lenders are marking their rates higher [...]
Tags: Lehi Utah, RateWatch, utah mortgage, utah mortgage broker, utah mortgage lender, utah mortgage rates
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