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Three things that can impact rates this week

Published Date 10/11/2022 TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: 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

Mortgage Market News for the week ended October 07, 2022

Published 10/7/2022 Unemployment Rate Falls This week, the highly anticipated labor market data did not ease investor concerns about inflation and additional Fed rate hikes. As a result, mortgage rates ended a bit higher. While

Unemployment approaches historic lows

Published Date 10/7/2022 Sept unemployment rate reported at 3.5% down from 3.7% expected and down 0.2% from August. NFP jobs expected at 250K increased 263K, private jobs 288K against estimates of 280K. The labor participation rate

Challenger report shows increase in corporate job cuts

Published Date 10/6/2022 TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: 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

Payroll data stronger than expected

Published Date 10/5/2022 Stock indexes were trading lower early this morning after the DJIA rallied 1600 points the last two sessions. The 10 yr. note yield began up 6 bps after trading unchanged yesterday, MBS prices

Markets wary of U.K. finances

Published Date 10/3/2022 The 10 yr. note at 9 am ET 3.70% -13 bps from Friday, MBS prices +55 bps. Stock indexes improved in pre-open trading. Interest rates continue to consolidate the recent spike in rates. The

Three things that could impact rates this week

Published Date 10/3/2022 TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: 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

Spotlight on UK

It was another extremely volatile week for global financial markets, largely due to offsetting events in the UK, but the net result for US mortgage markets was small. According to the most recent Freddie Mac

Inflation continues to raise concerns as consumer sentiment drops

Published Date 9/30/2022 Treasury yields increased yesterday. The 10 at 9 am ET 3.71% -8 bps. MBS prices declined 37 bps yesterday, up 7 bps at 9 am. Inflation ticked up a little in August based

Jobs data continues to frustrate central bank

Published Date 9/29/2022 TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: 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

The Bank of England has global markets in a tizzy

Published Date 9/28/2022 There was a time not too long ago that after 4 pm ET not much would happen, recently that has changed in the chaotic MBS markets. Yesterday at 4 pm MBS prices were

Markets calmer today despite mixed economic data

Published Date 9/27/2022 TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: 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

Be aware banking fraud is on the rise - First Rate Lending will never charge an upfront application fee
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