Shiny Trinket

Shiny trinkets are shiny.

Rudy Rodriguez
Rudy Sells Realty, Inc.
Phone: 760-680-9521
Lic: 01211396
Ana Cervantes
Citrus Heights Mortgage
NMLS#: 289949
Phone: 951-538-7435
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

 Sigma Research said that rates are unchanged this morning.  Yesterday the MBS market improved by +19 bps (lower rates).  This may've been enough to affect rates or fees.

Today's Rate Forecast: Neutral

According to  Sigma Research yesterday the US equity markets saw huge selling, the DJIA -313, NASDAQ -143, S&P -50. The 10 yr note and tall treasuries benefited as did MBS prices. This morning in early trading the indexes are better as has been the pattern since six weeks ago; the next day after a sell-off in equities the indexes improve. San Francisco Fed President Williams spoke on Monday afternoon and said that the FOMC was still on course to hike rates this year. Williams went on to say that the decision not to act at the September FOMC meeting was a "close call". Economic data has been "above the expectations",….. "needed to get this initial rate hike in a way done",…. "starting to see signs of imbalances to risks" with high asset prices especially real estate and he expects full employment "in the near term" with inflation "low around the globe" where policy responses have "provoked ..downward pressure in the US." Yet another voice from the wilderness.

Today's Potential Rate Volatility: High

According to Sigma Research we're expecting continued volatility in the market today.  There's nothing due out today that would indicate market volatility, but that hasn't mattered in recent weeks.

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 Ana Cervantes

With a B. A, in Communications and over 17 years experience as a mortgage originator, Ana Cervantes is the Broker/Owner of Citrus Heights Mortgage. From her office, in Redlands, Ana and her team have been providing caring and knowledgeable world class service to the community of the Inland Empire.

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.