Weaker than expected economic data has lifted Mortgage Backed Securities this morning. July Retail Sales were flat from June, below the consensus for an increase of 0.2%. Retail Sales ex-autos also fell short of expectations. Compared to yesterday's closing, the market has opened with a 0.125
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08/13/2014
Geopolitical events continue to drive Mortgage Backed Securities (MBS) today. US airstrikes in Iraq caused MBS prices to rise. Reports that Russia may be willing to negotiate with Ukraine caused a brief decline in MBS, but Investors were skeptical about the offer (causing MBSA to quickly turn upw
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08/08/2014
San Diego Homebuyer Down Payment Assistance Grant loan programs are available for select candidates. Although eligibility and qualification guidelines are constantly subject to change, below is a reflection of what the program is, along with an idea of who will qualify. The benefits for these San
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08/04/2014
Following an extremely volatile week, it has been a quiet morning. The Dow is down 40 points. No economic data will be released today. Investors will be mostly watching events outside the US this week, including conflicts in Ukraine and the Middle East, banking troubles in Portugal, and a debt de
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08/04/2014
On the heals of a rough day in the market, we have continued this disturbing rate trend today. Mixed economic data has caused a volatile morning. Two early economic reports were negative for Mortgage Backed Securities (MBS). The Employment Cost Index which measures the cost of labor, increased du
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07/31/2014
We are amidst a volatile morning thus far today. Jobless claims came in below expectations (their lowest level since February, 2006). Mortgage Backed Securities declined immediately upon discovery of this news. New Home Sales also came in below expectations. The market has opened roughly 0.12
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07/24/2014
Amidst banking problems in Portugal and violence in Israel, investors are again favoring safer assets this morning. The market has opened roughly 0.125 BETTER for the Points/Credits associated with any given interest rate option. This daily mortgage interest rate report is designed to provide B
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07/11/2014
After a down day on Friday, Mortgage Backed Securities rallied, then lost their gains after stronger than expected Chicago PMI and Pending Home Sales data. The market has opened roughly 0.125 WORSE for the Points/Credits associated with any given interest rate option. This daily mortgage interest
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06/30/2014
Stronger than expected New Home Sales and Consumer Confidence data has hurt Mortgage Backed Securities, reducing this morning's gains (after a pretty brutal day yesterday). The April Case-Shiller 20 City Home Price Index showed that home prices were 11% higher than this time last year. The market
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06/24/2014
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate
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06/23/2014
