Click here to find out where we are headed with Mortgage Rates!!!
Posted in Daily Updates
Tagged bonds, Fannie Mae, floating, Freddie, home prices, homes, Inflationary, interest rates, lenders, locking, lowest rates, Major Bank, MBS, Mortgage Bonds, mortgage rates, rates, real estate, realtors, U.S. government
Posted in Daily Updates
Tagged bonds, economy, floating, home prices, homes, Inflationary, interest rates, locking, lowest rates, mortgage rates, mortgages, real estate, realtors
This is going to be one of those strap in and hold on kind of weeks. More economic news than should be allowed in one week, started today. It all comes together on Friday with the Jobs Report and Unemployment Number. Mortgage bonds are off this morning, on rising inflationary numbers. I suggest carefully floating today, but being prepared to lock at a break below the S1 level outlined in the charts. Watch the video.
Posted in Week in Preview
Tagged bonds, Chase Mortgage, economic news, floating, Inflationary, Jobs report, locking, Mortgage Bonds, Unemployment Numbers
Alert to Lock the MBS broke below the 200 day moving average, on rising inflationary news. Tomorrow we have the CPI numbers which could further erode the bond market given that we did fall through that 200 day floor. To exasperate the issue we fell off the Up Escalator, putting a short-term end to our rate rally.