Mortgage Rates For January 2, 2019

30 Year Fixed Mortgage Rate

Happy New Year! 2019 is starting off on a positive note as mortgage rates for January 2nd, 2019 will start the day at better levels as the Treasury market continues to rally. As we’ve discussed before; mortgage rates are not set in the Treasury market but in the Mortgage Backed Securities Market (MBS). That being said; the Treasury market has … Read more

Mortgage Rates For January 2019

Family home

Below is a recap of the daily mortgage rates for each day in the month of January 2019. Mortgage rates improved early in the month and then moved up as fears of a recession in 2019 subsided. During the last week of the month mortgage rates moved back down to previous lows and stayed there as we moved into February.  … Read more

Mortgage Rates For January 1, 2019

Happy New Year For 2019

From our family to years we wish you the very best for 2019. Markets are closed today and will re-open on Wednesday. There are no important economic reports on Wednesday however on Thursday we have the ADP National Employment Report for December, ISM New York Index for December, ISM Manufacturing PMI, ISM Manufacturing Prices Paid for December (an important piece when … Read more

Mortgage Rates For December 31, 2018

30 Year Fixed Mortgage Rate

Mortgage rates for December 31, 2018 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 on Wednesday. There are no … Read more

Mortgage Rates For December 28, 2018

30 Year Fixed Mortgage Rate

Mortgage rates for December 28, 2018 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 report, Pending Home … Read more

Mortgage Rates For December 27, 2018

15 Year Fixed Mortgage Rate

Mortgage rates for December 27, 2018 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 off and thus mortgage … Read more