With this in mind, borrowers are stepping up the pace to obtain low mortgage rates while they are still available. According to the Mortgage Bankers Association’s Market Composite Index for the week ending March 1st, mortgage applications increased 14.8% on a seasonally adjusted basis and 15% on an unadjusted basis.
MBS RECAP: Weak NFP helps bonds break Back Below Key Technical Level. Friday was tense for the bond market, with selling pressure that was just big enough to cause concern about a bigger.
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Yesterday afternoon’s MBS Recap is a good read if you. The short version is quite simple. Bond yields are in an uptrend, and they’ll be in an uptrend until they’re not in an uptrend any more. We.
MBS RECAP: Post-NFP Bond Selling Looks Technical people. possibilities. purpose. professionalism. This is what gets him out of bed each day.Will has been in the financial and mortgage lending services for 25 years, he is licensed in 17 states and speaks Spanish.
Bond markets had been volatile ahead of time as the massive Verizon corporate bond offering vied for market attention. The rest of the following update will appear in the MBS Recap, but. It does.
Ever since bond. will look like, but if we don’t see another red day, that technical bounce will be looking even stronger. Wishful thinking perhaps, but the alternative is to discuss the next set.
MBS Day Ahead: Calm Before The Storm . Posted To: MBS Commentary. In the day just past, bonds did an admirable job of fending off the implications of the weekend’s G20 news (US/China reopening trade talks, etc). While the news wasn’t exactly a surprise, it still carried implications for higher stock prices and bond yields.
If you’re up to speed on Friday’s technical victory, you’re equipped to understand this week’s outlook. If you’re not, here’s a brief recap. We’ve basically been waiting for bonds to show us a bigger commitment to gains after a few half-hearted attempts to break the shackles of the sell-off that began on 9/11/17.
Final approval from the underwriter: What happens next? The underwriter will determine whether you are approved for your mortgage loan. Once approved, the lender will provide you with a commitment letter and require you to meet certain conditions.
Posted To: MBS Commentary. In the day just past, bonds began the week slowly and without much conviction. Friday’s post-NFP weakness was essentially confirmed by the fact that yields held near post-NFP highs without any meaningful push back. The consolation is that we didn’t see any new highs versus Friday’s levels.
Mortgage rates today, December 21, plus lock recommendations · Mortgage rates today, June 27, 2019, plus lock recommendations mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates.