SIGN UP or LOG IN 's Account

Log in to see your saved listings or edit your searches:

No account? Sign up now to save searches, listings, and get tailored listing notifications. It’s free, opt-out anytime.

Sign Up Today!

Get fresh listings via email, save your favorite listings, match with similar properties, and unlock additional property info.

Create Your Account

Do not fill in this field:

Already have an account? Log in

Back To Blog

Weekly Mortgage Message from our in-house Mortgage Master Specialist Colleen Polson

 

Loan Program

Up to $417,000

$417,001 - $601,450

$601,451-$1,000,000

30 yr Fixed Rate

3.75% APR 3.825%

4% APR 4.066%

3.75% APR 3.791%

15 yr Fixed Rate

3% APR 3.127%

3.25% APR 3.369%

3.25% APR 3.326%

5/1 Adjustable Rate

3% APR 3.132%

2.625% APR 2.686%

2.625% APR 2.790%

Single family, owner occupied, 80% loan to value, 740 or better fico

Current Trend Direction: Sideways

Advise Your Clients: Locking

Current Price of FNMA 3.5% Bond: $104.47, +6bp

Mortgage Bonds continue to trade just beneath resistance and hover near the best levels of the year.    

The only economic report to be released today is the NAHB Housing Market Index at 10am.  The rest of the week's calendar is on the light side with Weekly Claims, Housing Starts, Building Permits and Existing Home Sales.  

There are no Treasury Note or Bond auctions this week. 

Stocks are lower on weak earnings out of Morgan Stanley along with China reporting GDP in Q3 of 6.9%. And where it barely beat estimates of 6.8%, it was the first time it was below 7% since the global financial crisis began.  Any other developed country would kill for 6.9% growth, so we are not as disappointed on the news as some may be.

Technically, as mentioned, the Bond continues in its sideways pattern with no clear signs of a breakout to the upside from current levels. And where we see that Stocks are lower, the sentiment can quickly reverse during the session. Clients  should  still be advised to lock. 

One thing we are watching ... the importing of deflation on goods and services around the globe. If we see continued deflation and/or disinflation ... that may be enough to push Bonds a bit higher.  

Clients should still be advised to lock at what looks like the top of the present market.  

    Add Comment

    Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

    Comments

    1. No comments. Be the first to comment.