Reggie Green's (rpgj80) Blog

Mortgage Rates Improve – Remain at/near lowest levels of 2014   December 15th, 2014   Interest improved last week with the Mortgage Backed Security (MBS) trading up + 95 bps – pushing rates to their lowest levels of 2014 again. Interest rates had some pull back on Monday with the MBS market tradi...

Today’s Rates – 30 Year Fixed at 3.75% December 8th, 2014   Interest rates are improving today – as of 12 pm Pacific – the Mortgage Backed Security (MBS) market is trading up + 35 bps.   This is welcome news after interest rates went higher 4 of 5 days last week. The MBS market closed down – 67 b...

Interest Rates Improve to 1 Month Lows!   November 25th, 2014   Interest rates slowly but steadily improved last week. The Mortgage Backed Security (MBS) market finished trading up + 27 bps, pushing interest rate pricing to the lowest levels in a month.   A 30 year fixed conventional loan can now...

RATES HOLD STEADY   November 18th, 2014   Interest rates have been very steady for the past week with the Mortgage Backed Security (MBS) market closing last week even and slightly higher on Monday.   This continues the trend of mortgage rates moving sideways/slightly lower for most of November 20...

Rates Improve after Employment report , The Return of the No Appraisal Refinance RATES IMPROVE AFTER EMPLOYMENT REPORT November 10th, 2014 Interest rates improved to 1.5 week lows after October’s employment report was released on Friday. Non Farm Payroll jobs increased 214,000 in October but were...

Rates slowly rise after hitting lowest levels of the year November 2nd, 2014 Since rates hit their lowest levels since June of 2013 two to three weeks ago, interest rates have slowly drifted higher. The Mortgage Backed Security market (MBS) closed last week trading down -17 bps, and the previous ...

Rates remain below 4% – 30 year fixed at 3.75% October 20th, 2014   Interest rates hit their lowest levels since 2014 last week and remain in that same area this week. 30 Year Fixed rates are now a 3.75% paying a portion of a point and 15 year fixed rates are at 2.875% paying a point.   Hopefully...

Lock in at the Lowest Rates since June of 2013   October 14th, 2014   Interest rates continued their strong move lower last week and this Tuesday – dropping approximately .25% over the past 6 days. The Mortgage Backed Security (MBS) market closed last week trading up + 84 bps, and Tuesday trading...

Rates Hit 1 Month Lows   October 7th, 2014   Interest rates continued to gradually move slower last week. The Mortgage Backed Security (MBS) market finished the week trading up + 45 bps – pushing interest rates in line with their lowest levels in a month.   On Friday, the September employment rep...

Rates Continue to Improve , Payroll report on Friday September 30th, 2014 Interest rates continued to steadily improve over the past week. The Mortgage Backed Security market (MBS) closing last week up + 35 bps, and closed Monday up + 14 bps. The effect on interest rates is lower costs available ...