Posts Tagged ‘stock market’

REAL ESTATE REMAINS STRONG IN THE FACE OF UNCERTAINTY

Wednesday, January 17th, 2018

Trading in stocks still rules: yesterday the DJIA traded in a 382 range, trading up 228 then sliding to down 10 before closing essentially unchanged. The bond and mortgage markets yesterday didn’t bite on the volatility and generally were unchanged from Friday’s close. This morning, pre-opening trade at 8:00 AM ET, the DJIA up 150 points and the other indexes also better. This morning the 10 yr. note yield started at 2.57% +3 bps from yesterday and MBS prices at 8:00 -11 bps from yesterday’s close.

CLICK HERE FOR FULL STORY:

Pending Home Sales Edge Higher

Thursday, December 28th, 2017

Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up.

Full Story Click Here: