Market Update - 01/30/09 12:38 PM
Market Outlook
 
Thursday, January 29, 2009                   
 
Price Trend: Positive
Price Volatility:  High
Recommendation:  Floating as the market attempts to rebound
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Current Conditions:                Today's Economic Data (all times PDT)
 
FNMA 4.5          100-22  (+7)                  GDP                                                      5:30      GNMA 4.5          100-23  (+10)                Chcicago PMI                                         6:45
10yr Yield          2.824%                         Consumer Sentiment                              6:55
                                                            Employment Cost Index                           7:00
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Commentary:
 
After the beating taken by Treasuries and mortgages yesterday bonds have recovered moderately this morning.  Both were up before any data was released and after some selling in the wake of the GDP report … (1 comments)

Market Update - 01/29/09 01:04 PM
Market Outlook
 
Thursday, January 29, 2009                
 
Price Trend: Negative
Price Volatility:  High
Recommendation:  Floating   
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Current Conditions:                Today's Economic Data (all times PDT)
 
FNMA 4.5          101-03  (-4)                   Jobless Claims                                       5:30      GNMA 4.5          101-03  (-5)                   Durable Goods Orders                             5:30
10yr Yield          2.687%                         New Home Sales                                    10:00
                                                           
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Commentary:
 
Yesterday's Fed announcement was not exactly what the market was looking for.  Although the statement mentioned the Fed's continued purchases of MBS and Treasuries, it was rather vague about the extent of their intentions. 
 
This morning's MBS pricing is being most heavily influenced … (1 comments)

morning humor - 01/27/09 01:38 PM
AMAZINGLY SIMPLE HOME REMEDIES (That Really Work!) 1. AVOID CUTTING YOURSELF WHEN SLICING VEGETABLES BY GETTING SOMEONE ELSE TO HOLD THE VEGETABLES WHILE YOU SLICE. 2. AVOID ARGUMENTS WITH THE FEMALES ABOUT LIFTING THE TOILET SEAT BY USING THE SINK. 3. FOR HIGH BLOOD PRESSURE SUFFERERS ~ SIMPLY CUT YOURSELF AND BLEED FOR A FEW MINUTES, THUS REDUCING THE PRESSURE ON YOUR VEINS. REMEMBER TO USE A TIMER. 4. A MOUSE TRAP PLACED ON TOP OF YOUR ALARM CLOCK WILL PREVENT YOU FROM ROLLING OVER AND GOING BACK TO SLEEP AFTER YOU HIT THE SNOOZE BUTTON. 5. IF YOU HAVE A … (3 comments)

Market Update - 01/22/09 10:49 AM
Market Outlook
 
Thursday, January 22, 2009                   
 
Price Trend: Negative
Price Volatility:  High
Recommendation:  Cautiously Floating   
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Current Conditions:                Today's Economic Data (all times PDT)
 
FNMA 4.5          101-03  (-3)                   Jobless Claims                           5:30                 
GNMA 4.5          101-07  (-3)                   Housing Starts                           5:30
10yr Yield          2.578%                         Initial Claims                              5:30
                                                           
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Commentary:
 
All of the economic data due out for the week was released today and none of it was good.  More people lost their jobs than expected and fewer homes are under construction than estimated.  Housing starts were likely impacted by the recent cold weather affecting much … (1 comments)

Market Update - 01/21/09 12:28 PM
Market Outlook
 
Wednesday, January 21, 2009                
 
Price Trend: Negative
Price Volatility:  High
Recommendation:  Cautiously Floating   
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Current Conditions:                Today's Economic Data (all times PDT)
 
FNMA 4.5          101-12  (-3)                   None                
GNMA 4.5          101-17  (-2)                  
10yr Yield          2.471%                        
                                                           
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Commentary:
 
This morning's market looks very similar to the way it did yesterday at this time.  Treasuries are down significantly and mortgages are down slightly.  Once again there is no data being released today.  Stocks have been taking a beating over the past week but bonds have not benefitted from that move.   The Dow … (0 comments)

Morning Humor - 01/21/09 10:17 AM
Lizard BirthIf you have raised kids (or been one), and gone throughthe pet syndrome, including toilet flush burials for dead goldfish, the story below will have you laughing outLOUD!Overview: I had to take my son's lizard to the vet.Here's what happened:Just after dinner one night, my son came up to tell me there was 'something wrong' with one of the twolizards he holds prisoner in his room.'He's just lying there looking sick,' he told me. 'I'mserious, Dad Can you help?' I put my best lizard-healer expression on my face andfollowed him into his bedroom. One of the little lizardswas indeed lying on his back, … (4 comments)

Market Update - 01/20/09 12:53 PM
Market Outlook
 
Tuesday, January 20, 2009                     
 
Price Trend: Negative
Price Volatility:  High
Recommendation:  Cautiously Floating   
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Current Conditions:                Today's Economic Data (all times PDT)
 
FNMA 4.5          101-14  (-3)                   None                
GNMA 4.5          101-20  (-2)                  
10yr Yield          2.450%                        
                                                           
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Commentary:
 
There is no economic news on the calendar today.  Treasuries are off to a troubled start with the 10yr note down over a point.  Mortgages, however, have held up rather well and are off just slightly.  Stocks are also down as the financial sector is dragging down most averages.
 
The day may see … (1 comments)

Market update - 01/15/09 10:42 AM
Market Outlook
 
Wednesday, January 14, 2009                
Price Trend: Neutral
Price Volatility:  Very High
Recommendation:  Cautiously Floating  
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Current Conditions:                Today’s Economic Data (all times PDT)
 
FNMA 4.5          102-06  (-1)                   Import/Export Prices                               5:30                 
GNMA 4.5          102-29  (+1)                  Retail Sales                                           5:30
10yr Yield          2.196%                         Business Inventories                               7:00
                                                           
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Commentary:
 
Retail Sales for December were much worse than expected and resulting in the first annual decline in retail sales since records began being kept.  The report clearly indicates that the economy is slipping further into recession.  On January 30th we will get our … (1 comments)

Market Update - 01/14/09 10:41 AM
Tuesday, January 13, 2009                     
 
Price Trend: Negative
Price Volatility:  Very High
Recommendation:  Locking short term/Floating new loans   
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Current Conditions:                Today's Economic Data (all times PDT)
 
FNMA 4.5          102-03  (-3)                   Trade Balance                            5:30                 
GNMA 4.5          102-27  (-3)                  
10yr Yield          2.336%                        
                                                           
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Commentary:
 
The trade deficit contracted more in November than anticipated.  This news was released early this morning but had little impact on the markets.  At the same time this was happening, Ben Bernanke was speaking in London about the economy.  His remarks didn't offer anything new and were met with little reaction, … (1 comments)

market update - 01/12/09 11:51 AM
Market Outlook
 
Monday, January 12, 2009                      
 
Price Trend: Neutral
Price Volatility:  Very High
Recommendation:  Cautiously Floating  
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Current Conditions:                Today’s Economic Data (all times PDT)
 
FNMA 4.5          102-06  (+0)                  None                
GNMA 4.5          103-00  (+1)                 
10yr Yield          2.351%                        
                                                           
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Commentary:
 
It is a typical slow start to the week as far as economic data goes.  Treasuries are up this morning, but mortgages are not going along for the ride as spreads widen out once again.  The action will pick up later this week with December Retail Sales, PPI … (0 comments)

An Interesting Quote - 01/06/09 10:16 AM
>>Politicians pass laws that promote this, and we have an incomingpresident>who has made this his goal!>>>>>>"You cannot legislate the poor into freedom by legislating the wealthyout>of freedom.  What one person receives without working for, anotherperson>must work for without receiving. The government cannot give to anybody>anything that the government does not first take from somebody else.When>half of the people get the idea that they do not have to work becausethe>other half is going to take care of them, and when the other half getsthe>idea that it does no good to work because somebody else is going to getwhat>they work for, that my … (1 comments)

Morning Humor - 01/05/09 02:43 PM
… (1 comments)