Phoenix Mortgage Broker – Interest Rate Update Monday September 21, 2009 Rate markets opened better this morning with the stock index futures trading weaker. At 8:30 the 10 yr note +12/32 3.44% -4 BP, mortgage prices +6/32 and the DJIA -57. Global stock markets were weak as many currently are re-thinking the levels to which [...]
The rate markets are testing key support levels; still holding but looking more vulnerable with today’s price action. Suggest locking and not floating over the weekend. The bond and mortgage markets started badly early this morning and didn’t let up all day. Beginning to get a little concerned that lour forecasts for 5.00% mortgage rates may not [...]
Phoenix Mortgage Broker – Interest Rate Update Friday, September 18, 2009 Treasuries and mortgages opened weaker this morning, no follow-through from the strong rally yesterday. Pushing prices lower, the stock indexes started better pointing to a firm opening at 9:30. At 9:00 the 10 yr note -8/32, mortgages prices -5/32. At 9:30 the DJIA opened +52, the 10 [...]
Wednesday, September 16, 2009 Interest Rate Update for FHA, USDA loans A better start this morning; at 8:00 the 10 yr note yield had slid back to 3.41% frm yesterday’s close at 3.46%; the DJIA index traded +48. At 8:30 August CPI, expected to be +0.3% and the core +0.1%, hit at +0.4% overall and [...]
September 15, 2009 – Interest Rate update Treasuries and mortgages were lower early, prior to 8:30 data. At 8:00 the 10 yr was -1/32 and mortgages unchanged. At 8:30 data flowed; August PPI up 2.7% with the core (ex food and energy) +0.2%—-both were higher than expectations. August retail sales were a lot stronger than [...]
