Reggie Green's (rpgj80) Blog

Interest Rates Make Move HigherLast week was a BAD week for interest rates right from the beginning capped by a stronger than expected jobs report. The Mortgage Backed Security market closed down every day but Thursday, ending the week trading down -198 bps. This was the biggest market movement i...

Rates improve last week, but lose much of gains on MondayRates had a positive last week with the Mortgage Backed Security (MBS) trading up + 55 bps. Monday, the market took much of the gains back with the MBS market closing down – 33 bps. 30 year fixed rates are now available at 3.75% paying 1 po...

Interest Rate Market Volatility the New NormInterest Rate Market Volatility the New NormRates continue to be very volatile – with rate pricing changing rapidly based on large swings in the MBS market. That being said, the large swings are evening each other out so the market is not moving that mu...

Increased Volatility for Interest Rates It has been a hectic few weeks for interest rate pricing. Last week – the Mortgage Backed Security (MBS) market traded down for the first 3 days – pushing rates higher in 7 of the previous 8 days. On Thursday and Friday with the disappointing US employment ...

 Interest Rates Move up .125% Interest rates had their toughest week in some time last week. The Mortgage Backed Security (MBS) market closed down – 104 bps, pushing rate pricing to their highest levels in over a month. Luckily a huge swing is only .125% higher on the rate.  Most economic reports...

Interest Rates Improve on Friday – FED announcement on Wednesday Interest rates had a nice day on Friday after moving up the majority of the week before that. The Mortgage Backed Security (MBS) closed up + 35 bps on Friday, but still closed the week down -5 bps. 30 year fixed rates are now availa...

Interest Rates Hit 2 Month Lows Interest rates hit 2 month lows after the March job report was released on Friday. Job creation was much lower than expected and the job creation figure was the biggest drop off in over a year from the previous month.  Overall on the week – the Mortgage Backed Secu...

March Funding Figures. 21 loans for $6,772,035. Thanks to all the homeowner’s who trusted me with their home loan, my referral partners who help me grow my business, my great processing/underwriting/title team and my family who’s support allows me to excel at what I do.

  Interest Rates Up and Down Before Payroll Report on Friday April 1st, 2015 After improving for two weeks straight, interest rates shot up in the middle of last week with the Mortgage Backed Security (MBS) market trading substantially lower on Wednesday and Thursday. This is a somewhat expected ...