The Massachusetts Mortgage Broker

Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
The first of this morning’s three economic reports was the most important of all of the week’s data. The 1st Quarter Gross Domestic Product (GDP) came in at an annual rate of growth of 3.2%. This was slightly below [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
The Labor Department gave us today’s only semi-relevant economic data when they posted last week’s unemployment figures. They said that 448,000 new claims for unemployment benefits were filed last week. That was close to expectations, so it had practically [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
WEDNESDAY AFTERNOON UPDATE:
As expected, this week’s FOMC meeting has adjourned with no change to key short-term interest rates. The post-meeting statement didn’t bring any changes to the key verbiage that some had hoped to see. The Fed did say [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
Wednesday’s bond market has opened in negative territory as investors digest yesterday’s rally. The stock markets are showing minor gains after yesterday’s sell-off that pushed the Dow down by over 200 points. The Dow is currently up 14 points [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
Tuesday’s bond market has opened up sharply despite much stronger than expected economic news. Sizable stocks losses are also helping to boost bond prices this morning. The Dow is currently down 131 points while the Nasdaq is down 34 [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
There is no relevant economic news scheduled for release today. If we see any changes to Massachusetts mortgage rates this afternoon, it will likely be the result of a sizable move in stocks. If the stock markets hold near [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
This week’s FOMC meeting will begin on Tuesday but will not adjourn until Wednesday afternoon. It will likely adjourn with an announcement of no change to key short-term interest rates, but we may see some volatility in the markets [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
This morning’s economic data certain has done little to make bonds appealing to investors leading to worsening Massachusetts mortgage rates. The Commerce Department reported that March’s Durable Goods Orders fell 1.3% last month. This was significantly weaker than the [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker
None of this morning’s economic data can be considered favorable to the bond market or Massachusetts mortgage rates. The big news was March’s Producer Price Index (PPI) that showed a 0.7% increase in the overall index and a 0.1% [...]

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Your Daily Mortgage Commentary & Rate Lock Advice for Massachusetts Mortgage Rates
Courtesy of the Massachusetts Mortgage Broker

Wednesday’s bond market has opened in positive territory despite a lack of economic news. The stock markets are showing minor gains with the Dow currently up 15 points and the Nasdaq nearly unchanged from yesterday’s close. The bond market [...]

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