Shiny Trinket

Shiny trinkets are shiny.

Dana Cunningham
Loan Originator
C2 Financial Corporation
NMLS#: 301067
Phone: 619-994-9870
Rates At a Glance
Mortgage Rates
Currently Trending
Today's Mortgage
Rate Forecast
Today's Potential
Rate Volatility




(by Sigma Research)
Today's Mortgage Rate Summary

How Rates Move:

Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-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 moving slightly lower today. The MBS market worsened by -2 bps yesterday. This was not enough to increase mortgage rates or fees. The market experienced high volatility yesterday.

Today's Rate Forecast: Neutral

Manufacturing: February headline Durable Goods Orders were weaker than expected, down -1.0% vs. est. of +0.6%. Ex Transportation, it was flat at 0.0% vs. est. of 0.2% and Non Defense Capital Goods Ex Aircraft was up 0.2% vs. est. of 0.0%. The S&P Markit Flash PMIs for March had a preliminary reading of 49.3 vs. 47.0 for manufacturing and 53.8 vs. 50.5 for services.

Today's Potential Rate Volatility: High

This morning markets are moving very chaotically. Volatility has started extremely high as the markets digest news out of Europe.

Bottom Line:

If you are looking for the risks and benefits of locking your interest rate in today or floating your loan rate, contact your mortgage professional to discuss it with them.

About Dana Cunningham

I have been in the mortgage industry since 2002, and specialize in making the loan process simple and easy to understand. If you’re a first-time homebuyer or a real estate investor, I’ll search for the right loan program and aggressive mortgage rates, and help guide you through the loan process.

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 thetbwsgroup 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.