February Unemployment Levels Very Weak; Bonds Improve

By:
Paul King | March 07, 2008
With the release of February's weak unemployment data, bond markets yesterday bonds have improved today. Nevertheless, rates will increase again today by about .25 to price as a result of weakness yesterday afternoon. The unemployment rate improved slightly in February over the level it had been at in January. This improvement was not attributed to a better job market, but rather to a shrinking workforce. Payroll numbers came in showing loss of 63,000 jobs compared to an expected gain of 25,000. This seriously weak data is good news for mortgage rates.

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Mortgage Rates Volatile, but Flat

By:
Bill Rice - MortgageLoan.com | December 03, 2008

Lots of volatility today, reflecting the equity market volatility.

Mortgage Rates Stuck Again

By:
Bill Rice - MortgageLoan.com | December 02, 2008

Although mortgage rates descended to a new low in the past week, they are now stuck at these new levels.

Strong Black Friday May Lift Mortgage Rates

By:
Bill Rice - MortgageLoan.com | December 01, 2008

Off a stronger than expected Black Friday and weekend of holiday weekend retail sales mortgage rates may lift.

Mortgage Rates Down 0.75%

By:
Bill Rice - MortgageLoan.com | November 26, 2008

Mortgage rates dive nearly a full percent. The 30-year fixed-rate mortgage drops to 5.5 percent in one of the largest single-day dips since 1988.

Mortgage Rates Flat

By:
Bill Rice - MortgageLoan.com | November 24, 2008

Mortgage rates closed last week relatively flat. You can expect a similar result on this short week.

Mortgage Rates Will Move

By:
Bill Rice - MortgageLoan.com | November 19, 2008

Expect significant mortgage rate movement today with the release of CPI.

Mortgage Rates Drop

By:
Bill Rice - MortgageLoan.com | November 14, 2008

Mortgage rates drop again for the second straight week.

TARP Redirect Plunges MBS

By:
Bill Rice - MortgageLoan.com | November 13, 2008

US Treasury Secretary Paulson's sharp redirection on the objective of the TARP funds had a dramatic effect on overnight markets and the MBS market.

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30 Year Fixed   5.22
15 Year Fixed   5.17
5/1 Adjustable   5.65

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