Mortgage and refinance rates today, February 11, 2021
Today’s mortgage and refinance rates Average mortgage rates nudged lower again yesterday. And, as Freddie Mac and Mortgage News Daily point out, they’re now pretty much back to where they […]
Today’s mortgage and refinance rates Average mortgage rates nudged lower again yesterday. And, as Freddie Mac and Mortgage News Daily point out, they’re now pretty much back to where they […]
Mortgage rates set new record low, falling below 3% as concerns rise about coronavirus second wave CNBC
There are different types of accounts and they serve different purposes. Let’s talk about how to best use a high-yield savings account.
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There’s an obvious trend toward higher rates as far as Treasury yields are concerned. This goes all the way back to August. Treasury yields and mortgage rates historically correlate quite well. But mortgage rates have almost completely ignored that correlation recently. In fact, most of the 2nd half of 2020 saw mortgage rates fall while Treasury yields continued higher. The chart above doesn’t tell the whole story because it uses a separate y-axis for each line. Here’s the same time frame with mortgage rates and 10yr yields on the same axis: That still doesn’t tell us much although we can certainly see different patterns. Here’s another look at the same two rates on the same axis, but this time we’re charting the CHANGE since Jan 1, 2020. This one probably tells the story better than the rest
Today’s mortgage and refinance rates Average mortgage rates inched higher again last Friday. Although last week saw mostly rises, each movement was small. And these rates remain exceptionally low. First […]
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. It was only the second fall in nine working days, though they held steady on Monday. Luckily, all recent […]
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday, which after so many recent rises, was a win. Earlier, an increase had looked likely, but key markets changed […]
Mortgage rates drift lower as investors worry about pandemic The Washington Post
Posted To: MBS Commentary
Bad Vibes Persist For Bonds and Rates Bonds began the day in weaker shape, thus keeping the threat of an ongoing correction alive. After a fairly sideways morning, MBS dropped more sharply in the afternoon. Treasuries maintained a gentle, but clear selling trend throughout the day. Moreover, yields easily broke up and over the 1.125% pivot point without a second though. Taken together, this is bad news for rates as it easily reinforces the negative short term trend we've been following. In turn, that negative short-term trend is part of a broader negative trend in the bigger picture. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm ADP Employment 174 vs 49 f'cast, -78 prev ISM Services PMI 58.7 vs 56.8, highest in 2 yrs ISM Employment Index highest since Feb 2020 Market Movement…(read more)