Sylvia Poole

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rates are at 4.375% for a 30-yr and 3.5% for a 7-1 ARM.

Mortgage Backed securities are up this morning...good news for rates. Fed is acutioning the 30-yr MBS this afternoon at 1pm...wait to see

The DOW shot up 300 points at openingand is now up over 440. The Euro bailout is fueling the stock rally.

Happy Mother's Day to all the Moms.

MBS rally after dip in stocks yesterday.Rates repriced for the better yesterday afternoon

MBS fall to lowest level of the session as investors jump back into the equity markets looking for bargains after yesterday's steep sell-off

Investor lawsuit filed against Goldman Sachs.

The Republicans are seeking to block the financial reform bill when it hits the Senate today

Mortgage Backed Securities are moving upward this morning, which is good for rates.

FHA is talking about raising the required minimum down payment to 5%.

We're heading for a reprice for the worse, following the Jobs numbers.

Rates are down below 5% again, thanks to the bond market rally.

The bond market has opened up poorly this morning, hopefully it will rally in the next hour.

Bond market is up 19 bps on the day. Look for better rates tomorrow.

The Federal Reserve's purchase of Mortgage-backed securities is scheduled to end 3/31/10. Mortgage rates were kept low by this purchasing.