Mortgage Calculators

Bond Street Mortgage

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This list is not inclusive of all states where Bond Street Mortgage, LLC may lend. Bond Street Mortgage, LLC is required to make the following disclosures by its regulatory authorities located in the applicable states. Not all states require such disclosures.
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act
Delaware Chapter 24, Title 5 Licensed Lender
Licensed by the N.J. Department of Banking and Insurance.
Licensed by the Pennsylvania Department of Banking and Insurance
Registered Mortgage Broker, NYS Banking Department, Loans Arranged with 3rd Party Lenders
Licensed by Connecticut Department of Banking
Licensed by Texas Department of Savings and Mortgage Lending
Licensed Mortgage Lender by Florida Office of Financial Regulation
Company NMLS #: 191351

Bond Street Mortgage

Mortgage Rates Newsletter - Market Analysis


Afternoon Mortgage Rate Improvements For Most Lenders
Mortgage rates began the day in roughly unchanged territory. Some lenders were microscopically stronger or weaker compared to yesterday, but not enough to impact the average mortgage borrower. For the first few hours of the day, it looked as if rates would stay unchanged or possibly move slightly higher. That all changed when stocks began losing ground. It's always worth remembering (and this will be especially true when the next time it's proven) that there's no magic rule that says stock prices and interest rates must move in the same direction. It is true that there are frequent examples of such correlation, but there are plenty of other examples where the correlation complete breaks down. All that to say that stock losses helped rates today, but will not always necessarily help rates in
Token Improvement For Mortgage Rates
Mortgage rates improved by what could only be described as a token amount today. In other words, we're not talking about any major changes. In fact, mortgage rates themselves will be unchanged from Friday for almost any scenario. As is so often the case, we can only measure the change in terms of "effective rates" (which take upfront costs into consideration). In general, changes in mortgage rates are reserved for big market moves whereas upfront costs and effective rates allow for smaller changes in the overall cost of financing. The bond markets that underlie mortgage rates were closed yesterday for the Veterans Day holiday. In the meantime, the stock market lost ground rather abruptly . At times, bonds (rates) will take cues from stocks--especially when the latter is making a big move lower
Mortgage Rates Steady Ahead of Holiday Weekend
Mortgage rates were mixed today, depending on the lender. Most lenders began the day in slightly worse shape compared to yesterday. Bond markets improved enough by mid-day that many lenders were able to offer positive reprices (new, better rate sheets). Lenders typically don't change mortgage rates more than once a day unless underlying markets have moved enough. Lenders who repriced generally ended up slightly better off compared to yesterday. The remainder were in worse shape. On average, rates were unchanged. Bond markets will be closed on Monday in observance of Veterans Day. That means mortgage companies won't be available to accept rate locks, and many will be fully closed. When markets fire back up next week, they'll soon be able to digest an important report on inflation in the form
Mortgage Rates Edge Back Up to Early 2011 Levels
Mortgage rates moved back up today, leaving them right in line with the highest levels of the week. These also happen to be the highest levels since early 2011, but let's not get bogged down in unfortunate details! Rates will definitely move lower at some point in the future. That's the way economic cycles work--and they always work eventually. The big questions are twofold: how long will it take for fortunes to change and how high will rates go in the meantime? In terms of timing, we could be looking at anywhere from a few months to more than year before seeing a shift that's big enough to get excited about. That said, there will still be pockets of positivity at times, even in a rising rate environment. Whatever the case may be, the higher rates go, the closer we're getting to the end of
Mortgage Rates Edge Lower, But Don't Get Used to It
Mortgage rates were slightly lower today. Unfortunately, that may not be the case by tomorrow morning. Underlying bond markets (which dictate rates) lost ground throughout the day. If trading levels don't change by tomorrow morning, the average lender will be back up at the highest rates in 7+ years. Many are close enough as it is. The key feature of the past 24 hours was the midterm elections. Bonds improved when democrats won control of the house. This was in line with the average prediction for how elections might impact rates. That said, the fact that bonds have already fully erased that overnight move should let you know just how little the elections mattered in the bigger picture. The longer-term headwinds for interest rates remain entrenched, and it will take a long time or a massive