NewBridge International Realty logo
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.

Find Your New Home

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


30 yr Fixed Rate

4% APR 4.076%

4.125% APR 4.181%

3.875% APR 3.920%

15 yr Fixed Rate

3.125% APR 3.258%

3.5% APR 3.616%

3.5% APR 3.580%

5/1 Adjustable Rate

3% APR 3.132%

2.875% APR 2.931%

2.875% APR 3.918%

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

Current Trend Direction: Sideways beneath resistance at 200-day moving average

Advise Your Clients:  Locking

Current Price of FNMA 3.5% Bond: $103.72, -19bp

Mortgage Bonds are giving back Friday's gains as Stocks, which are off to their worst start to begin a year on record, try to rebound.

There are no economic reports due for release today and the week's calendar is on the light side.  The Treasury will be selling a boatload of 3- and 10-year Notes along with 30-year Bonds this week beginning on Tuesday.  

Despite a big sell-off in the Asian Stock markets, the major indexes are set to open higher here in the States. Earnings season unofficially kicks off today with Alcoa reporting results after the closing bell on Wall Street.  S&P 500 earnings are forecast to have dropped 4.2% percent in the 4th quarter, which would be their 2nd straight

Technically, the Bond was able to close above resistance at the 200-day moving average on Friday, but has fallen below that level today.  Seeing that this morning's losses will erase some or most of Friday's gains and the 200-day looks like it will once again be a tough ceiling ... consider advising clients to lock.

It will be interesting to see how stocks trade going forward. The S&P 500 violated support at the 1,960 area ... a level that will be resistance going forward.



    Add Comment

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


    1. No comments. Be the first to comment.