All Posts Tagged With: "mortgage rates"
Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, haven’t moved much at all this week. Late last week MBS prices rose leading to a slight improvement (-0.125) in 30 year fixed mortgage rates across the board. Since the improvement late last week, conforming 30 year fixed mortgage rates have been steady at 4.75, down […]4Mar2010 | edferrara | 0 comments | Continued
In a doomsday scenario, and it is possible, demand for MBS will be so low and prices will plummet so far, 30 year fixed mortgage rates will be driven up into the mid 6’s in a matter of days. If that happens, the Fed will likely begin buying mortgage-backed securities again and over a period of time drive rates back down.25Feb2010 | edferrara | 1 comment | Continued
Prices of mortgage-backed securities declined for the second day in a row today. Mortgage rates, which move opposite mortgage-backed securities prices, were unchanged. Pricing though, which effects closing costs, worsened this afternoon. In other words whatever it may have cost you to secure a 4.75% 30 year fixed mortgage yesterday, it’ll cost just a little more to get that same rate today.10Feb2010 | edferrara | 0 comments | Continued