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 [...]
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 [...]
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 [...]
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 [...]
