Phoenix Mortgage Broker -FHA Mortgage, VA Loan and USDA Loan Interest Rate Update Monday October 5, 2009 Begin the day by floating; technically the rate markets remain bullish but with added underlying volatility. As long as the 10 yr note manages to hold under 3.25%/3.28% yield the technical outlook will remain bullish for the mortgage [...]
Phoenix Mortgage Broker – Mortgage Interest Rate Week In Review FHA, VA, and USDA home loan interest rates had a great week! Home purchase activity has substantially picked up in the Phoenix Real estate market prior to the expiration of the $8,000 tax credit. Last Week; a volatile but good week for the rate markets. [...]
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 Daily Update – September 28, 2009 Hold rate locks and continue floating this morning; while not much change from Friday’s closing levels, holding in the face of a strong stock market this morning. Keep focused on our rate alerts; we have nice profits from floating last week and we are not willing [...]
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 [...]
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 [...]
