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Posts Tagged Secondary Mortgage Market

Daily Rate Update: Mortgage Rates Aggressively Flat to End the Month

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.58 3.58 0.00%
15 Yr FRM 2.91 2.91 0.00%
FHA 30 Year 3.31 3.31 0.00%
Jumbo 30 Year 3.76 3.77 -0.01%
5/1 Yr ARM 3.01 3.00 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/28/13 4:11 PM
Feb 28, 2013 4:17PM

Mortgage Rates Aggressively Flat To End The Month

Mortgage rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning and weakness in the afternoon. In contrast, today's movements in the secondary mortgage market were completely flat (relative to their average range of motion). This left nearly all lenders at liberty to put out one rate sheet in the morning and call it a day. As such, 3.625% best-execution is unchanged, as are the average costs associated with that rate...

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Daily Rate Update: Mortgage Rates Sharply Higher Amid Election Day Jitters

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.47 3.38 0.09%
15 Yr FRM 2.81 2.75 0.06%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.88 3.78 0.10%
5/1 Yr ARM 3.00 3.00 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 11/6/12 3:59 PM
Nov 6, 2012 4:06PM

Mortgage Rates Sharply Higher Amid Election Day Jitters

Mortgage rates began the day only moderately worse off than yesterday's latest offerings, but rose sharply throughout the day . In the late morning and early afternoon, bond market conditions deteriorated rapidly, resulting in most lenders recalling rate sheets to revise rates and fees higher at least once. Several lenders recalled rate sheets twice as markets trading in the secondary mortgage market continued to struggle. At first glance, it's fair to assume that the volatility is related to today...

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Daily Rate Update: Mortgage Rates Hold Steady In Spite Of Improved Market Conditions

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.43 3.43 0.00%
15 Yr FRM 2.80 2.80 0.00%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.83 3.83 0.00%
5/1 Yr ARM 3.01 2.99 0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 10/31/12 3:02 PM
Oct 31, 2012 3:03PM

Mortgage Rates Hold Steady In Spite Of Improved Market Conditions

Mortgage rates were all over the board on Wednesday in terms of their movements relative to each other and trading levels in the Secondary Mortgage Market. Some lenders were priced slightly weaker while a few were notably stronger, but none of them so far off from yesterday's rates as to suggest a change in the prevailing conventional best-execution rate of 3.375%. ( Read More:What is A Best-Execution Mortgage Rate? ). Typically, it's the prices of mortgage-backed-securities (MBS) that have the most...

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Daily Rate Update: Mortgage Rates Signifcantly Lower as Markets Close Early

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.41 3.47 -0.06%
15 Yr FRM 2.78 2.83 -0.05%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.81 3.87 -0.06%
5/1 Yr ARM 2.98 2.99 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 10/29/12 12:43 PM
Oct 29, 2012 1:02PM

Mortgage Rates Signifcantly Lower As Markets Close Early

Mortgage rates continued falling this morning despite stronger-than-expected economic data. The trading session was punctuated by an early closure for bond markets owing to Hurricane Sandy and will be completely closed tomorrow. The secondary mortgage market began the day in stronger territory after European and Asian hours combined to gradually bring yields lower overnight. Things didn't move much during the shortened domestic hours and the mortgage-backed-securities (MBS) that most directly influence...

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Daily Update: Mortgage Rates Begin The Week In Slightly Better Territory

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.33 3.35 -0.02%
15 Yr FRM 2.75 2.75 0.00%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.83 3.84 -0.01%
5/1 Yr ARM 3.01 3.02 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 10/1/12 1:55 PM
Oct 1, 2012 2:19PM

Mortgage Rates Begin The Week In Slightly Better Territory

Mortgage rates moved gently lower to begin the week (and month), ending a two day run toward higher rates on Thursday and Friday. Trading levels in the secondary mortgage market began the day in the same territory as Friday afternoon and gradually improved throughout the day. Best-Execution for 30yr Fixed Conventional Loans remains at 3.25% for the aggressive lenders and still struggling to move lower from 3.375% among more conservatively priced lenders. ( Read More:What is A Best-Execution Mortgage...

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Daily Update: Mortgage Rates Weather Storm Of Volatile Events, One More To Go This Week

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.57 3.59 -0.02%
15 Yr FRM 2.87 2.89 -0.02%
FHA 30 Year 3.47 3.49 -0.02%
Jumbo 30 Year 4.01 4.03 -0.02%
5/1 Yr ARM 2.99 3.01 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 8/2/12 3:55 PM
Aug 2, 2012 3:50PM

Mortgage Rates Weather Storm Of Volatile Events, One More To Go This Week

Mortgage Rates ranged from unchanged to slightly improved today after facing a tremendous amount of uncertainty in the past two days. Yesterday's FOMC Announcement caused plenty of volatility in the secondary mortgage market resulting in higher rates across the board. We then set our sights on the European Central Bank's policy announcement that took place early this morning before domestic markets opened. Most market participants considered the ECB announcement to actually be the more significant...

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Daily Update: Mortgage Rates Rise After Hitting All Time Lows On Friday

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.75 3.74 0.01%
15 Yr FRM 3.03 3.03 0.00%
FHA 30 Year 3.64 3.63 0.01%
Jumbo 30 Year 4.05 4.04 0.01%
5/1 Yr ARM 3.04 3.07 -0.03%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 6/4/12 2:39 PM
Jun 4, 2012 2:40PM

Mortgage Rates Rise After Hitting All Time Lows On Friday

Mortgage Rates rose slightly to begin the week after hitting new all-time lows last Friday. Today's rates weren't much worse, and Best-Execution remains at 3.625% , but several lenders recalled rate sheets for negative adjustments due to late-day weakness in secondary mortgage market trading. It's too soon and there is too much ahead on the calendar to draw any conclusions about additional momentum from here. (Read More: What is A Best-Execution Mortgage Rate? ) News and data was notably uninspiring...

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Daily Update: Mortgage Rates Improve Steadily Throughout The Day

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.89 3.93 -0.04%
15 Yr FRM 3.33 3.36 -0.03%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.11 4.13 -0.02%
5/1 Yr ARM 3.02 3.01 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 12/28/11 2:40 PM
Dec 28, 2011 2:40PM

Mortgage Rates Improve Steadily Throughout The Day

Unlike yesterday's uneventful market movements, Mortgage Rates are noticeably improved today. While volume remains quite light in general due to a lack of participation on this holiday-shortened week, things were somewhat busier than yesterday in terms of the level of activity on the Secondary Mortgage Market. For some lenders, by the time they released their first rate sheets of the day, the rally was already underway. As such, most of those lenders simply began the day with strong pricing. Other...

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Daily Update: Mortgage Rates Inch Closer to Historic Lows

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.97 4.01 -0.04%
15 Yr FRM 3.38 3.39 -0.01%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.25 4.27 -0.02%
5/1 Yr ARM 3.01 3.11 -0.10%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 11/2/11 4:50 PM
Nov 2, 2011 5:16PM

Mortgage Rates Inch Closer to Historic Lows

Yesterday we noted that event in Europe were once again the dominant force moving markets, including the secondary mortgage market, albeit indirectly. In a true testament to that fact, today's FOMC Announcement (Fed rate decision, although it's not that markets are considering that the Fed might change rates, just waiting to hear what they have to say about other monetary policy decisions) did very little to move markets. Mortgage rates held steady to slightly improved. Today's Rates: BESTEXECUTION...

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Daily Update: Good Day for Mortgage Rates, But Volatility is Scary

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 4.11 4.22 -0.11%
15 Yr FRM 3.49 3.53 -0.04%
FHA 30 Year 3.78 3.83 -0.05%
Jumbo 30 Year 4.32 4.44 -0.12%
5/1 Yr ARM 3.14 3.25 -0.11%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 10/25/11 4:31 PM
Oct 25, 2011 4:49PM

Good Day for Mortgage Rates, But Volatility is Scary

As is eternally possible these days, news out of the Eurozone sent shockwaves through markets today and this time it worked to the advantage of Mortgage Rates , which improved at least one notch in terms of Best-Execution rates. Essentially, this means Best-Ex rates have continued to bounce back and forth against the right-hand side of the graphic we put together to show the available mortgage note rates that are eligible to be slotted into the most prevalent "bucket" in the secondary mortgage market...

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