Articles from February 2015

Mortgage Rates End Bad Month on Good Note

Mortgage rates managed to scrape together modest gains for today’s month-end session. In terms of the financial markets that dictate mortgage rates, the last day of the month can be a volatile day that shuns the normal cause and effect relationships between data and market movement. Today’s example thankfully bucked that trend (perhaps because the […]

Mortgage Rates Finally Feeling the Love

Mortgage rates had a bad Valentines Day. It’s not that anything happened on that Saturday. Indeed, lenders weren’t even open. It’s just that things changed significantly by the time US markets reopened on Tuesday, with rates moving higher at the fastest pace in over a year. After a purely corrective bounce the following day, rates […]

Mortgage Rates Move Slightly Higher Ahead of GDP

Mortgage rates were slightly higher today, undoing the modest gains seen yesterday, but leaving the more significant drop from Tuesday intact. 3.75% remains the most prevalently-quoted conforming 30yr fixed rate for top tier scenarios, though a few lenders will have drifted up to 3.875% with today’s weakness. Today’s losses were a factor of both data […]

Best Day of the Month for Mortgage Rates

Mortgage rates had their best day of the month today following Fed Chair Yellen’s testimony before the Senate Banking Committee. That’s part of a 2-day semi-annual update that the Fed gives to congress. In this modern electronic age, it’s a wholly unnecessary relic from a bygone era when everything that every member of the Fed […]

Mortgage Rates Mostly Flat Ahead of Yellen Testimony

Mortgage rates ended the day in almost perfectly unchanged territory versus Friday’s despite trading levels improving in the secondary mortgage market. In other words, the mortgage-backed-securities that dictate lender’s rate sheets suggested a modest improvement–an improvement that we’re not really seeing. That said, of the few lenders who moved today, most have moved slightly lower. […]

Worst Day for Rates in More Than a Year

Mortgage rates got hit hard today , rising at the fastest day-over-day pace since November 8th 2013. As of today, this also makes February the worst month for rates since May 2013, and the most abrupt month-over-month reversal since January 2009. That all could change by the end of the month, of course, but then […]

Mortgage Rates Vary by Lender; Small Moves on Average

Mortgage rates didn’t move much today on average, but some lenders were noticeably better or worse compared to yesterday. It’s not that they were confused about which way markets were moving, simply that yesterday afternoon brought a significant amount of volatility. Some lenders were able to adjust for that by the end of yesterday while […]

Mortgage Rates End Unchanged Despite Massive Market Volatility

Mortgage rates are ending the day in very similar territory to yesterday’s latest levels but have had something of a wild ride between now and then. At issue is the ongoing drama between Greece and its Eurozone creditors. There was some risk heading into today that a temporary agreement would be reached to extend Greece’s […]

MorVest Capital Says Recent Changes on FHA Loans to Impact Mortgage Servicing Rights Fair …

DALLAS, Texas, Feb. 18, 2015 (SEND2PRESS NEWSWIRE) — MorVest Capital, a specialized investment firm focused on providing “strategic capital …… Google Alert – FHA Loans

Mortgage Rates Finally Catch a Break, but Not a Big One

Mortgage rates caught a bit of break today, logging the first meaningful improvements in the entire month of February. The gains weren’t much better than those seen at the end of last week, but after yesterday’s absolute rout, they were a much-needed reprieve. Yesterday saw rates move higher at the fastest pace in more than […]