Posts Tagged ‘market update’
Just like yesterday, MBS is taking a beating again this morning. We’re currently down 31 bps, and we’re awaiting the Existing Home Sales report in about 15 minutes. The GDP (Gross Domestic Product) came in at 2.2%, lower than the expected 2.8% estimate which caused MBS to rise a little, but we are still in…Read the Rest of Article
Tags: market update, MBS, Mortgage Rates, texas mortgage
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Good morning folks, Currently we up about 36 basis points (bps) as of this morning, as stocks are in negative territory and the Philadelphia Fed Index (an indicator of manufacturing sector trends) came in higher than expected. We’re bouncing back from some of the losses from the past week, but I wouldn’t expect MBS to…Read the Rest of Article
Tags: fha loan, market update, mortgage
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Currently up around 6 bp for the morning and hovering around the 100 Day Moving Average (DMA), the CPI (Consumer Price Index-average price of basket of goods spanning over 200 categories) came in at the estimated 0.4% as well as the Housing Starts (number of new monthly residential construction projects that are underway) which came…Read the Rest of Article
Tags: market update, mortgage
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Morning all, currently down about 6bp for the morning. There’s no economic reports coming out today, however, MBS started in negative territory early in the morning and has rebounded back to even levels We’re attempting to hold above the 25 DMA (Day Moving Average), and are nearing the 1st level of resistance, so I think…Read the Rest of Article
Tags: fha loan, market update, mortgage advice
Posted in Mortgage Insights | Comments Off
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