What does the Fed have to say about interest rates? Continue to float locks; we’ll go with it to start; no movement now until after Bernanke’s speech at about 12:00. Interest rates do not appear to have substantial volatility this morning. Good start today; the interest rate markets opened stronger on the continuing weak dollar [...]
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Phoenix Mortgage Broker Updates The Rate Market For Today Start by floating this morning; the rest of the session will be focusing on equity markets. We are not looking for much improvement however, and continue to remind the present condition in the rate markets is bearish; although not aggressively so. Any additional selling in mortgages [...]
Phoenix Mortgage Broker Warns……LOCK Your INTEREST RATE We warned of increased volatility this week, the rate markets are near term bearish but with not much enthusiasm for massive selling. Yesterday mortgage prices started better, this morning starting lower. We suggest floating to start the day, but remind to stay close for our updates. Not willing to press the [...]
Phoenix Mortgage Broker – Daily Interest Rate Update Friday, October 2, 2009 Apply For An Arizona FHA, VA or USDA Loan Here Continue to float but stay tuned for rate alerts. Rate markets are overbought and unless the stock market really implodes today there is no more to the rally with Treasury auctions looming next [...]
Phoenix Mortgage Broker – Interest Rate Update Wednesday, September 30, 2009 Given the huge double barrel shock to the equity bulls; the Chicago PM index and the ADP employment estimate, we suggest floating to start the day. Yesterday we locked all rate locks overnight in preparation for the employment report and the 10 yr note [...]
Phoenix Mortgage Broker – Daily Interest Rate Update Tuesday September 29, 2009 I have held rate locks into this morning to confirm that the 10 yr had held its technical resistance, but warned not to hold locked loans taken yesterday on the re-price improvements. We will float again to start the session but will likely [...]
Phoenix Mortgage Broker Interest Rate Update – Thursday, September 24, 2009 Apply Here for an Arizona Home Loan I am floating rate locks again to start the day. The equity markets hold the key to break rates into new recent lows (yields). Lower stock indexes today are critical to improving mortgage rates; if we get [...]
Intraday volatility in the financial markets was the most volatile in weeks. The stock market rolled over this afternoon with selling right into the close. The 10 yr held its support but is still confined in an 8 basis point range; mortgage prices rallied after selling at mid-day. Suggest holding rate locks overnight, stocks look [...]
