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Mortgage / Finance about 1 hour ago
Average Gas Price Falls Due to Low DemandMortgage rates eased again in the MBA's latest survey after the spike in borrowing costs in the first half of this year. The 30-year fixed-rate mortgage fell 10...
Mortgage / Finance about 2 hours ago
July 6th Mortgage Market Wrap-up 14Mortgage backed securities were down 66 basis points today at 100.34 having closed 458 points below the 200 day moving average. The conforming rate is at 5.875%...
Mortgage / Finance about 5 hours ago
Daily Market Report 7/6/22http://MikesDailyMarketReport.com: The ISM Non-Manufacturing PMI dropped to 55.3, which was better than the forecast of 54.3. Anything above 50 with this inde...
Mortgage / Finance about 6 hours ago
“The Money Changes Everything”“The Money Changes Everything” A man went to church one day and afterward he stopped to shake the preacher's hand. He said, “Preacher, I’ll tell you, that was a...
Recession = 2 Consecutive 1/4s of Negative GrowthAn economic slowdown is hitting the U.S. as evidenced by recent findings from the Atlanta Fed Reserve Bank. After Gross Domestic Product (Gross Domestic Product...
July 5th Mortgage Market Wrap-up 14Mortgage backed securities were up 25basis points today at 101.00 having closed 395 points below the 200 day moving average. The conforming rate is at 5.875% to...
Daily Market Report 7/5/22http://MikesDailyMarketReport.com: Factory Orders rose 1.6% in May; and it's April number was revised higher, from 0.3% to 0.7%. This will be interesting to f...
Happy 4th of July Rate WatchPlaying golf today so I’m going to keep this one short and sweet. We hear from some Fed presidents this week and receive some labor statistics. In The News Wedn...
Mortgage / Finance 2 days ago
“Licensed to do Mortgages in CT, RI, MA, ME, VT, NH, NY, and FL.” “Licensed to do Mortgages in CT, RI, MA, ME, VT, NH, NY, and FL.” Hey Joe, Have a referral for you. One of my mortgage brokers from Connecticut has a client tha...
Mortgage / Finance 4 days ago
July 1st Mortgage Market Wrap-up 14Mortgage backed securities were up 44 basis points today at 100.78 having closed 421 points below the 200 day moving average. The conforming rate is at 5.875% t...
Mortgage / Finance 5 days ago
Daily Market Report 7/1/22http://MikesDailyMarketReport.com: Construction Spending dropped 0.1% in May; however, it's April data was revised higher, from 0.2% to 0.8%. The ISM Manufact...
Mortgage / Finance 5 days ago
“Nearly 50 Years of Working Together”“Nearly 50 Years of Working Together” We are at it again Joe. Thinking back, we did our first transaction in 1974, the world was a much different place. In any ...
Mortgage / Finance 6 days ago
Personal Consumption Expenditure up 4.7% in MayHome borrowing costs fell this week but remain well above levels seen earlier this year. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 5.70% ...
Mortgage / Finance 6 days ago
June 30th Mortgage Market Wrap-up 14Mortgage backed securities were up 25 basis points today at 100.34 having closed 468 points below the 200 day moving average. The conforming rate is at 6.0% tod...
Mortgage / Finance 6 days ago
Daily Market Report 6/30/22http://MikesDailyMarketReport.com: The Personal Consumption Expenditure (PCE) released it's inflation data today. This index is the Fed's favorite gauge for i...
