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Mortgage Rates November 8, 2013

Can you believe the delayed, skewed jobs report?  The business survey shows 204,000 new jobs while the current population survey (source) shows a net loss of 735,000.  Is the media and the market blind? Are they ignoring certain numbers or…

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Mortgage Rates November 5, 2013

It may be just another day, but MBS prices started the day lower and have continued to decline. This is not good news for mortgage rates; putting them at risk for unfavorable pricing. The ISM Service Index rose to 55.4…

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Mortgage Rates November 4, 2013

It’s a new month with new challenges coming up towards the end of the week when the October jobs report is released, although the outlook for job numbers doesn’t look for too good which will probably be better for MBS…

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Florida Mortgage Rates October 31, 2013

Happy Halloween! Now that we got through the Feds meeting, it should be business as usual, at least until next week when the October jobs report will be released. It’s scheduled for November 8th. For now, weekly jobless claims dropped…

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Florida Mortgage Rates October 25, 2013

Not much is happening today with markets being mostly flat to slightly higher. Anticipation for next week’s FOMC meeting may be holding back any investment moves. Durable goods rose 3.7% in September which was above forecast. On the other hand,…

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