Year: 2018

Mortgage Rates For December 31, 2018

The Last Day Of 2018: Mortgage rates will be similar to Friday on the last day of 2018. Mortgage Backed Securities are slightly negative to start the day and the 10y yield is up just a bit from Friday’s close. The market closes early on Monday; and remains closed on Tuesday. Mortgage companies and markets re-open … Read more

Mortgage Rates For December 28, 2018

Still Below 2.82%: Mortgage rates will be similar to yesterday on the last Friday of 2018. Bond yields and Mortgage Backed Securities are at similar levels to yesterday despite a significant turn around in stocks. It’s great to see the 10y yield stay below 2.82% as stocks continue to rally.  Today we have the Chicago PMI … Read more

Mortgage Rates For December 27, 2018

Mortgage Backed Securities: Mortgage rates will be a bit worse today as we move towards the last weekend in 2018. Yesterday was an explosive day for stocks and that put pressure on the bond market pushing the 10y yield to 2.81% before moving back below 2.80% in evening trading. The Mortgage Backed Securities also sold … Read more

Mortgage Rates For December 26, 2018

Starting The Day On A Positive Note: Mortgage rates are set to start the day on a positive note and near their lows for 2018. The Mortgage Backed Securities market opened in positive territory and the 10y yield is trading below 2.75%. Today we have the CaseShiller report, a 2y auction and a 5y auction. … Read more

Mortgage Rates For December 25, 2018

Merry Christmas: Good Morning and Merry Christmas! Mortgage lenders, bond markets and pretty much everyone else is closed today. We’ll be back in the office tomorrow ready to help our clients. It’s been a volatile year for mortgage rates and we’re excited to see what 2019 will bring. Starting this month and in early 2019 … Read more

Mortgage Rates For December 24, 2018

Lowest Levels: Happy Monday! Mortgage rates continue to be near their lowest levels in almost a year as we head into Christmas. The bond market will close early today; 2:00pm EST and most lenders will also close early as well. There are no major economic reports being released today. On Wednesday we have the CaseSchiller … Read more

Mortgage Rates December 21, 2018

Best Levels Since Spring: Heading into the weekend mortgage rates will be near their best levels since Spring. Most notably; 30 year fixed rates are really attractive right now and somewhat surprisingly you are seeing some lenders be really aggressive with their pricing strategy at time when they’re usually not. More often than not lenders … Read more