Archive for the ‘MG’ Category:

Mortgage Rates: Opportunity Still Knocking

{ Posted on Aug 16 2011 by Matthew Graham }
Borrowing costs improved today and rates remain in all-time best territory.  Mortgage rates were perhaps slightly better last Wednesday, but either day is so much better than anything else that’s been offered this year that it shouldn’t affect your decision-making process unless it’s affecting ...Read More »

Mortgage Rates: Even More Nuts!

{ Posted on Aug 09 2011 by Matthew Graham }
We've used the word "nuts" in the past to describe extra volatile movements in the mortgage market, but today takes the cake.  Many market records were broken following today's Federal Reserve FOMC meeting. The net effect was positive for consumer borrowing ...Read More »

Mortgage Rates: New 2011 Lows

{ Posted on Aug 03 2011 by Matthew Graham }
Mortgage rates rallied again today and consumer borrowing costs drifted a little lower. Deciding whether or not to lock a loan between now and the "high-risk" event on Friday is pure speculation (Employment Situation Report).  If you know how that's going to ...Read More »

Mortgage Rates: Anything Can Happen

{ Posted on Jul 28 2011 by Matthew Graham }
The theme of volatility is ongoing. Loan pricing has moved in the opposite direction from the previous day for 6 sessions in a row now.   The increases seen yesterday in home loan borrowing costs were erased today leaving things slightly worse ...Read More »

Mortgage Rates: Take Cover

{ Posted on Jul 27 2011 by Matthew Graham }
Although BestExecution quotes didn't change today, the borrowing costs associated with those rates rose enough to erase yesterday's improvements, plus more. Markets currently hang on every headline regarding the debt-ceiling debate (not exclusively, but disturbingly close).  This makes the securities that govern home loan ...Read More »