Weekly Market Preview is provided by West Coast Mortgage Group, a registered member of RateMastery.
How Rates Move:
Conventional overnment (FHA and VA) lenders set their rates based on the pricing of Mortgage and G-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up. Tracking these securities real-time is critical. For more information about the rate market, contact me directly. I’m among few mortgage professionals who have access to live trading screens during market hours.
Rates Currently Trending: Neutral
Mortgage rates are trending sideways this morning. Last week the MBS market worsened by -23bps. This was enough to move rates higher for the week. There was a great deal of mortgage rate volatility on Friday.
This Week’s Rate Forecast: Neutral
Three Things: These are the three areas that have the greatest ability to impact mortgage rates this week: 1) Trade Wars, 2) Central Bank and 3) Domestic
About Dona Knapp and Melinda Napel
Dona Knapp, Melinda Napel and Renee Janda have over 45 years of collective experience, evidenced by their extensive knowledge of the lending industry, making them a great source of information for their clients. Their commitment to excellence has earned them a reputation of customer satisfaction and building relationships that last far beyond the original transaction. This team was strategically designed to provide superior service, uninterrupted accessibility and extraordinary products to meet all your lending needs. Don’t settle for less, when you can work with the best!
About This Report And Disclosure Information
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor the tbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.