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Mortgage rates saw some improvement today, following continued positive economic data. The market opened with a strong upward trend, but volatility ensued throughout the day. Market Movements: Morning: MBS prices initially rose significantly, indicating a potential drop in rates. This was driven by positive economic data, including stronger-than-expected Housing Starts. Midday: The market experienced increased…

Friday’s mortgage rates have seen a sharp increase, driven by stronger-than-expected job growth data. This morning, the market opened with a significant decline in mortgage-backed securities (MBS), indicating rising interest rates. Key Market Movements: Early Morning: MBS prices dropped by 38 basis points (bps) after the release of the jobs report. Mid-Morning: The decline deepened…

Mortgage rates experienced a slight dip today, ending the week with a modest decline. The market opened with a positive note, but sentiment shifted throughout the day as investors digested mixed economic data. Market Movement: Morning: Mortgage-backed securities (MBS) initially saw a significant increase, reflecting positive market sentiment. Midday: The momentum reversed, with MBS prices…

Mortgage rates saw an upward trend today, continuing the rise observed since last Friday. This comes despite a generally quiet holiday week with limited economic data releases. Market Overview: Morning: The market opened with Mortgage-Backed Securities (MBS) prices down 3 basis points (bps). Mid-Day: MBS prices remained largely unchanged, hovering around the morning levels. Afternoon:…

After two days of volatile market reactions to the Federal Reserve meeting on Wednesday, Mortgage rates and the Bond Markets continued to show improvement. The market opened today with the following data: 8:35 AM: MBS are up +16bp after Core PCE inflation came in lower than expected. 8:49 AM: MBS have continued to climb and…

Mortgage rates continued their upward trajectory today as positive economic data fueled investor optimism and pushed bond yields higher. The market opened with a modest increase in mortgage-backed securities (MBS), but quickly reversed course as stronger-than-expected import price data weighed on sentiment. Market Movements: Early Trading: MBS prices initially rose by 3 basis points (bps).…

The housing market continues to show signs of improvement, with mortgage rates taking another positive turn today. Despite a stronger-than-expected jobs report, the bond market rallied, pushing mortgage-backed securities (MBS) higher and leading to lower rates. Here’s a breakdown of today’s market movement: Morning: MBS prices surged, gaining 6 basis points early on. Mid-Morning: The…

Mortgage rates have remained relatively unchanged over the past two weeks. Despite some fluctuations in response to recent economic data releases, the overall trend has been one of stability. Today’s Market Update: Morning Session: MBS futures gained 16 basis points. Consumer Sentiment Index rose to 73, exceeding expectations. The Dow Jones Industrial Average gained 150…

Mortgage rates have seen an upward trend this Friday, following the release of positive economic data. Market Update MBS: Mortgage-backed securities are up +13 basis points as of 10:00 AM. Durable Goods Orders: September’s Durable Goods Orders were slightly better than expected, with a decline of 0.8% compared to the consensus estimate of 1.0%. Excluding…

Mortgage rates have remained relatively stable this week following a mixed reaction to continued positive economic data. While the market opened with a slight increase, rates have since declined, ending the week slightly below their starting point. Market Recap Early Trading: MBS prices rose 13 basis points (bps) at the market open, mirroring the positive…

Today, mortgage rates have seen a rise following continued positive economic data and some fluctuations in the Bond Market. Let’s dive into the specific details and how these factors have impacted current rates. Economic Data and Market Trends PPI Inflation: The Producer Price Index (PPI) for September matched expectations, coming in at 10:00 AM. This…

Mortgage rates continued to rise this week, following a positive reaction to strong economic data and employment numbers. The bond market opened today with some fluctuations from the close of last Friday. Key Market Movements MBS down: At 8:33 AM, MBS were down -50bp after a stronger-than-expected Employment report. Further decline: At 10:00 AM, MBS…

Prep Time: 10 minutes Cook Time: 15 minutes Total Time: 25 minutes Servings: 6 Calories Per Serving: 537 kcal Nutritional information is only an estimate. The accuracy of the nutritional information for any recipe on this site is not guaranteed. Ingredients 2 tablespoons extra virgin olive oil 1 1/2 pounds boneless chicken breasts or thighs, thinly sliced 1 tablespoon chili powder 2 teaspoons smoked paprika 2 teaspoons garlic powder 1 teaspoon ground cumin…

The bond market and mortgage rates experienced a fluctuating increase this Friday, following the previous week’s closing trends. As the market opened today, MBS rates were up by 9 basis points (bp) at 8:35 AM. This positive movement was partially attributed to core PCE inflation coming in slightly lower than anticipated. By 10:00 AM, MBS…

Buying a home is a significant milestone, but unfortunately, fraudsters can target this process. Property and title fraud can leave you financially devastated and emotionally distraught. However, by being informed and taking proactive steps, you can significantly reduce your risk. Understanding Property and Title Fraud Property and title fraud encompass various schemes aimed at stealing…

Key Points: Mortgage rates and the bond market have remained relatively unchanged since the close of last week. The FED lowered the federal funds rate by 50 basis points on Wednesday. Today’s market opened with minor fluctuations in mortgage-backed securities (MBS). No major economic data is scheduled for release today. The Dow Jones Industrial Average…

Owning a home in Bucks County, Pennsylvania, comes with its fair share of seasonal changes. As the warm summer days transition into cooler fall evenings and eventually, crisp winter mornings, it’s important to prepare your home for the shift in temperature. One crucial aspect of this preparation is ensuring your HVAC system is ready to…

As the golden hues of fall begin to sweep across the landscape, it’s time to bring that warm and cozy feeling into your home. Transitioning your home from the vibrant energy of summer to the more subdued warmth of fall can be both exciting and fulfilling. This room-by-room guide is designed for homeowners and DIY…

Homebuyers and those considering refinancing their mortgages received some positive news today as mortgage rates continued their downward trend. The average 30-year fixed-rate mortgage fell to its lowest level since February 2023, providing a much-needed boost to the housing market. Key Rate Cuts and Market Trends The European Central Bank also played a role in…

A kitchen renovation is a fantastic way to breathe new life into your home, but for many, maximizing resale value is a key consideration. This guide from Orchard Hill Mortgage will walk you through the entire process, from planning to execution, with a focus on achieving the best return on investment (ROI) when you sell.…

The real estate market continues to show signs of resilience, despite ongoing economic uncertainty. Last week’s data revealed a mixed bag of trends, with home prices reaching a new record high while mortgage rates declined. Let’s dive into the key developments: Home Prices Soar to New Heights According to the S&P Case-Shiller Index, home prices…

Mortgage rates and the bond market continued their relatively stable pattern this week, experiencing minor fluctuations since the close of last Friday. The market opened today with the following data: 8:33 AM: MBS were down -3bp. 10:00 AM: MBS were down -9bp (UMBS 30yr 5.5 at 100.78), approximately 9bp lower than yesterday at this time.…

Selling your home in Bucks County, PA? First impressions matter, and the curb appeal of your house is often a potential buyer’s first glimpse. While extensive renovations are great, they’re not always necessary. Here at Orchard Hill Mortgage, we want to help you get top dollar for your home. That’s why we’ve compiled a list…

Congratulations! You’ve achieved the dream of homeownership in beautiful Bucks County, Pennsylvania. Now comes the exciting part: transforming your house into a home. A house provides shelter, but a home is where you create memories, relax, and feel a sense of belonging. Here at Orchard Hill Mortgage, we want to help you make your Bucks…

Homeownership is an exciting journey, but navigating the legal aspects can be confusing. Two terms that often trip up new buyers are “title” and “deed.” While they’re both crucial for property ownership, they serve distinct purposes. At Orchard Hill Mortgage Company, we’re committed to empowering our clients with homeownership knowledge. So, let’s break down the…

Finding your dream home can be an exciting journey, but navigating a seller’s market with high interest rates adds a layer of complexity. Don’t worry, Orchard Hill Mortgage is here to help! This post equips you with the knowledge and strategies to conquer the climb and secure your perfect home. Challenges of a Seller’s Market…

Mortgage rates took a significant dive this week, following a positive shift in the bond market and encouraging comments from Federal Reserve Chair Jerome Powell. The market opened Monday with a noticeable improvement in mortgage-backed securities (MBS), setting the stage for a week of declining rates. At the Jackson Hole Economic Symposium, Powell made a…

Congratulations! You’ve found your dream home, and now it’s time to secure financing. One crucial factor influencing the affordability of your future home is the mortgage interest rate. But what exactly determines this rate? Orchard Hill Mortgage breaks it down for you: 1. The Federal Reserve: The Federal Reserve plays a significant role by setting…

Selling your home is a significant financial decision. As a seller, you naturally want to get the best possible return on your investment (ROI). While some renovations add more value than others, strategic improvements can significantly increase your asking price and attract more buyers. Let’s explore the top home improvements for sellers in 2024, helping…

Congratulations! You’ve taken the exciting first step towards achieving the American dream of homeownership in Bucks County, Pennsylvania. As you navigate the process, one term you’ll likely encounter is local property taxes. But what exactly are they, and how do they impact you as a first-time homebuyer? This blog post, courtesy of Orchard Hill Mortgage…

Mortgage rates experienced another volatile week, opening near last Friday’s closing levels. Market Analysis Morning: Mortgage-backed securities (MBS) rose by 9 basis points early in the day. The release of weaker-than-expected housing starts data contributed to this upward movement. Mid-morning: MBS gained an additional 3 basis points, bringing the total increase to approximately 9 basis…

Congratulations! You’ve closed on your first home in Bucks County, Pennsylvania – a huge accomplishment! Now that the excitement of moving in has settled, it’s time to tackle those essential post-settlement tasks to ensure a smooth transition into homeownership. At Orchard Hill Mortgage Company (www.orchardhillmortgage.com), we want to help you navigate this exciting new chapter.…

As August sun bathes the Greater Philadelphia area, many of us are enjoying the last hurrah of summer. But while we savor barbecues and poolside relaxation, our lawns and gardens are quietly gearing up for a seasonal shift. Here at Orchard Hill Mortgage, we’re all about creating a comfortable and beautiful home, and that extends…

Selling your home? You want to maximize your return on investment (ROI) and get top dollar. But with a budget of $10,000 for improvements, where do you begin? Don’t worry, Orchard Hill Mortgage is here to help! Here’s a look at some fantastic home improvement projects that offer a high ROI and won’t break the…

Summer’s winding down, but don’t pack away the sunscreen just yet! ☀️ It’s time to give your home some end-of-season love. 🏡 Check out these quick tips to prep your house for fall: Clean gutters and downspouts Inspect your roof for damage Power wash your deck and patio Winterize your outdoor furniture Schedule HVAC maintenance…

Mortgage rates have been on a wild ride this week due to volatility in the bond market, which has been influenced by positive economic indicators. However, as of today, the markets seem to have stabilized, leading to improved interest rates. Bond Market Volatility Impacts Mortgage Rates The day began with a significant jump in mortgage-backed…

Mortgage rates took a significant dive today as the bond market rallied in response to a broad global stock market selloff. The day began with MBS (mortgage-backed securities) jumping by 25 basis points (bps) at 8:34 AM. This upward trend continued, reaching a 22 bp increase by 10 AM, with UMBS 30-year 5.5 at 101.06.…

The Fed met this week and decided to not change their fund rate. This indirectly impacted rates causing interest rates to improve. The market opened today with the following data: at 8:37 AM: MBS are up +75bp after weaker than expected Employment data. at 8:50 AM: MBS have given back some early gains and are…

Mortgage rates and the bond market seem to be holding steady around where rates ended last week. The market opened today with the following data: at 8:37 AM: MBS are up +6bp. No major economic data will be released today.at 10:AM: MBS are up +3bp (UMBS 30yr 6.0 at 101.09), around 13bp higher than Friday…

There was not too much movement in rates this week. Rates did end about the same as the start of the week. The market opened today with the following data: at 8:36 MBS are up +6bp after core PCE inflation matched expectations. at 10: AM MBS are up +9bp (UMBS 30yr 6.0 at 100.97), around…

Mortgage Rates continue to hold so far this week as the Bond Market continues to hold without much movement. The market opened today with the following data: at 8:38 AM: MBS are up +6bp. New Home Sales will be released at 10:00 AM. at 10:00 AM: MBS are up +6bp (UMBS 30yr 6.0 at 100.91),…