Posted on Friday, 29th January 2010 by chrisjones

Markets: We’re trading in a very narrow channel this week, and no news is good enough or bad enough to get us out of it.  Our benchmark 4.5% FNMA 30-year bond is off 3bps, meaning it’s flat for all intents and purposes, exactly as it has been for the past week.  We successfully weathered another [...]

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