Earn More Money with Mortgage Market Live!

Once you get the daily information it's really quite simple.  All mortgage rates are based on bonds.  All bonds are reported in 32nds, similar to the way most mortgages are quoted in eighths.  The chart below translates the moves in 32nds of the bonds to your approximate investor pricing for mortgages.  However, once you sign up for the service your market updates will be translated into basis point for you, so don't worry about needing to memorize this chart.

Unlike most services we base all our calculations on the 10am pricing.  It is the move from the 10am pricing day to day that effects the rates.  Without this critical 10am pricing it is impossible to predict the rate movement from day to day.  

Here's an example: If bonds close up (from the 10am price) 4/32 on Monday.  Then trade up 4/32 at 10am Tuesday, rates should decrease 25 bps or .125% in rate when the new pricing comes out from your investor on Tuesday.  Since we track to the 10am pricing you would be alerted to the fact there was a 8/32 swing from the prior day's 10am price. 

This might seem confusing but don't worry, our live updates will always translate the market for you into easy to understand language.  Here's an example:  For the situation above your update would simply read "better by 25 bps".  Therefore you would expect your investors' rate sheets to improve by 25 bps.  It's that simple.

Remember, once you sign up for the service our welcome email will provide you with all the information to use Mortgage Market Live correctly.

*A note about Bond pricing:  Bonds and rates work inversely therefore bonds moving up means the rates are moving down and bonds moving down means the rates are moving up. But don't worry about this we will translate it for you!

Try Mortgage Market Live For Free