While Mortgage Backed Securities investors are still assessing and closely monitoring the ongoing Forbearance details from FNMA for 2 Million plus Homeowners, due to COVID-19, we also have inflationary signs and Housing inventory shortages.

Mortgage rates began this week in line with last weeks levels, for the most part.  Yet Bonds began to deteriorate modestly after a scheduled Treasury auction.  These types of auctions can add clarity to the “demand” side of the supply/demand equation, thus causing a bit of bond market movement at times.
The bigger impact followed the release of the minutes from the Fed’s most recent policy meeting.  Here too, the x-factor is clarity when it comes to the supply/demand equation.  When it comes to the Fed, we’re talking about the biggest driver of demand in the MBS and US Treasury markets.  Collectively, these bond markets do more than anything else to influence day-to-day changes in mortgage rates.  So when the Fed speaks, rates listen.

To read more about this weeks Loan markets and other current Mortgage information, please visit Dan’s Post details.  click here.
For now Interest Rates are at or near all time lows, with some tighter loan guidelines and longer turn around times evident on various loan products.

You may recall Trinity Mortgage and I have placed and funded Primary or Investment Real Estate Loan Products of all types, for Salaried or Self Employed Borrowers in California since 2009.

Our team offers a proprietary “Lending Platform Technology” to help us search our valued networks for aggressively priced Loan Solutions for our Borrowers. This ability and our expertise provides our Borrowers with “Hundreds” of reliable loan options, including Real Estate Refinance loans and Purchase Loan Solutions, many that are not typically offered by Local “Full Service Banks”.