• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Mortgage Rates Unchanged To Slightly Higher Heading Into 3-Day Weekend

Mortgage rates moved modestly higher for some lenders today, while others remained closer to unchanged territory.  Following Wednesday’s swing to 6-month highs, this leaves the average rate sheet somewhere between there and yesterday’s.  In terms of the actual interest rate, 3.625% remains as the most prevalent “best-execution” rate, with relatively small adjustments in costs vs yesterday.  Market movements during US trading hours have been relatively subdued for mortgage-backed-securities, or “MBS,” that most

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Mortgage Rates Jump To Highest Levels Of The Year

Mortgage rates surged higher at their quickest pace since late January on Wednesday eclipsing the previous highs of the year seen around the same time.  For many lenders–and for the first time since mid 2012, this takes Best-Execution for 30yr Fixed, Conventional Loans back up to 3.75%.  Some lenders remain at 3.625% and lower rates are still quite viable in certain situations.  As always, remember that what we refer to as “best-execution”

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Mortgage Rates Start Stronger, Fade By End Of Day

Mortgage rates began the day much improved compared to Monday’s latest offerings, but the gains mostly evaporated by the end of the session.  The mortgage-backed-securities (MBS) that most directly affect rates, had been steadily improving since sustaining major damage from Friday through Monday morning.  Those improvements carried through to this morning’s rate sheet print times, but trading levels began to deteriorate shortly thereafter.  Stock prices and Treasury yields rose.  MBS fell (falling

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The Fed announcement

The Fed announcement came and went, but by the time the dust settled our 10-yr T-note’s yield really hadn’t changed that much and it closed at 1.64%. The Fed said that there will be no additional MBS purchases but “Operation Twist” is extended in Treasuries. So it will continue to reinvest principal payments from its holdings of agency debt and agency mortgage-backed securities, buying $267 billion more in longer-dated securities

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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