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Mortgage Rates Today

Mortgage rates held their ground at 8-month lows today.  This time around, it was far less eventful than yesterday’s session, which saw lenders changes rates several times throughout the day (and in opposite directions to boot!). Some lenders are in just slightly better shape vs their own rate sheets from yesterday while others are a […]

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Mortgage Rates Today

Mortgage rates only paused for a brief moment of reflection yesterday before continuing with 2016’s trend of improvement.  Today’s gains bring them easily back to new 8-month lows.  Last Friday, that’s a designation they shared with a few days in October.  Today’s rates don’t need need to talk about sharing the trophy until we get […]

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Mortgage Rates Today

Mortgage rates were in line with the best levels in 8 months as of last Friday.  Although they moved slightly higher to begin the new week, today is still the 2nd best day in the past 8 months.  Lenders continue quoting conventional 30yr fixed rates of 3.625% for the most part with 3.750% being the […]

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Mortgage Rates Today

Mortgage rates were at 3 month lows yesterday and today have moved in line with 8-month lows.  For most lenders, there was a day or 2 in October that was just slightly better than today, but the differences are negligible.  Before that, you’d have to go back to April to find anything remotely as good.  […]

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Mortgage Rates Today

Mortgage rates did something they haven’t done all year today.  They actually improved in the face of a stock rally.  In fact, it was the third best day for stocks so far in 2016.  The other 2 days resulted in noticeable moves higher for mortgage rates.  The opposite was true today though there are a […]

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Mortgage Rates Today

Mortgage rates moved slightly lower today, recovering some of Friday’s losses.  Those losses introduced the risk that 2016’s dominant trend toward lower rates could be in the early stages of turning a corner.  Today’s improvements don’t necessarily confirm or reject that possibility.  It continues to be the case that we may be waiting until Thursday […]

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The Day Ahead

Enquiring minds want to know…  In fact, even inquiring minds are fairly curious as to whether or not the pleasantly surprising bond market rally will soon run out of steam for more than a day or two.  When it comes to most financial markets, the longer a trend persists without a meaningful correction, the more […]

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Mortgage Rate Update

Mortgage rates held mostly flat today, and that’s an accomplishment!  Lenders set mortgage rates based primarily on the prices of mortgage-backed-securities (MBS), which are part of the bond market, and bonds lost quite a bit of ground today.  That would normally push mortgage rates higher, but today it did not.  What’s up with that? First, […]

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The Day Ahead – What Is a Safe Haven Asset?

Historically, any time we see the biggest bouts of selling in equities markets, a conversation about “safe-haven” assets is usually not far behind.  The proverbial “flight to safety” is an integral part of many of the most unexpectedly resilient bond market rallies. It’s really very simple.  Here are a few core concepts: investors like earning […]

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Rate Round Up

Mortgage rates fell today, bringing them back in line with the lowest levels in more than 2 months and very near the best levels since late April 2015.  The surprisingly strong performance so far in 2016 is primarily due to a much weaker performance in risk assets like stocks and oil prices.  As investors sell […]

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Day Ahead

If you’ve been tuned in to any reasonable extent–and no one would blame you if you weren’t–you’re already well aware that Bonds have been on fire so far in 2016.  The fuel for that fire has been a nearly limitless supply of stock market negativity and oil price declines.  In percentage terms, it’s actually the […]

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Mortgage Rates Today

Mortgage rates moved higher today, but remained near the lowest levels in more than 2 months.  Friday’s drop was uncharacteristically sharp and put rates in a position to break 7 month lows had today gone the other direction.  Most lenders are quoting conventional 30yr fixed rates of 3.875% on top tier scenarios.  4.0% is the […]

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The Week Ahead

Stocks and bond yields don’t always follow each other, but their correlation is not only undeniable so far in 2016, it’s been the most important bond market motivation by far.  Why now as opposed to any other time?  How long will this last? Opinions vary as to why we’re seeing such a strong correlation between […]

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The Day Ahead

Sometimes all the analysis and planning in the world can’t prepare you for how something actually transpires.  More than a few traders had plans heading into 2016.  They would take the opportunities created by strong economic data to push rates higher between now and the time the economy finally started turning a darker corner.  Then […]

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