advice: DAILY LOCK ADVISORY - Very important
- 08/16/07 05:17 AM
Visit my website at http://www.loansbyandi.com/ Rate Lock Advisory - Thursday Aug. 16thThursday's bond market has opened in positive territory due mostly to early stock losses. The stock markets are reacting to more credit concerns and overseas losses with the Dow down 134 points and the Nasdaq down 22 points. The bond market is currently up 16.32, but we will still see an increase in this morning's mortgage rates of approximately .250 of a discount point.The Commerce Department reported this morning that starts of new homes fell 6.1% last month, reaching a their lowest level since January 1997. This indicates that the … (0 comments)
advice: Daily Lock Advisory
- 08/10/07 03:38 AM
Rate Lock Advisory - Friday Aug. 10thFriday's bond market has opened in positive territory following early stock losses. The stock markets are posting sizable losses with the Dow down 170 points and the Nasdaq down 48 points. The bond market is currently up 6/32, but we likely will see little change in mortgage rates as a result of weakness in bonds late yesterday.There is no relevant economic news scheduled for release today. The bond market showed some weakness late yesterday after the results of the 30-year Bond sale were announced. As with Wednesday's 10-year Note sale, it was met with a … (0 comments)
advice: Daily Lock Advisory
- 07/27/07 05:51 AM
Rate Lock Advisory - Friday Jul. 27thFriday's bond market has opened slightly in positive territory after this morning's economic news eased inflation concerns. The stock markets are in negative territory again after yesterday's major sell-off. The Dow is currently down 90 points while the Nasdaq has lost 16 points. The bond market is currently up 2/32, which with yesterday's late strength should improve this morning's mortgage rates by approximately another .250 of a discount point.The Commerce Department reported this morning that Gross Domestic Product (GDP) for the 2nd Quarter rose at a 3.4% annual pace. This was a little higher than … (1 comments)
advice: Daily Lock Advisory
- 07/24/07 07:12 PM
Rate Lock Advisory - Tuesday Jul. 24thTuesday's bond market has opened in positive territory as stocks open with sizable losses. The Dow is currently down 96 points while the Nasdaq has fallen 20 points. The bond market is currently up 3/32, which will likely improve this morning's mortgage rates slightly.Tomorrow brings us the release of the week's first economic news with June's Existing Home Sales. This is the first of two housing sector related reports scheduled for release this week. June's New Home Sales will be posted Thursday morning and both are expected to show declines. However, I don't think either … (2 comments)
advice: Daily Lock Advisory
- 07/23/07 03:16 AM
Rate Lock Advisory - Monday Jul. 23rdMonday's bond market has opened in negative territory following early stock gains. The Dow is currently up 71 points while the Nasdaq has gained 9 points. The bond market is currently down 3/32, but we will likely still see a slight improvement in rates as a result of strength in bonds late Friday.This week will be interesting for the bond market and mortgage rates. There are six economic reports scheduled for the financial and mortgage markets to digest, with all of them scheduled for the middle or latter part of the week. In addition, one … (2 comments)
advice: Daily Lock Advisory
- 07/22/07 04:50 PM
Rate Lock Advisory - Sunday Jul. 22ndThis week will be interesting for the bond market and mortgage rates. There are six economic reports scheduled for the financial and mortgage markets to digest, with all coming the middle or latter part of the week. In addition, one of the reports is considered to be of extremely high importance to the financial and mortgage markets. This makes it quite possible that mortgage rates will show noticeable movement again this week.The Federal Reserve will release its Beige Book report Wednesday afternoon. This report is named simply after the color of its cover, but it … (1 comments)
advice: Answer to a comment on the Daily Lock Advisory Below
- 07/20/07 05:31 AM
I thought this answer to Leo would best be served as a new blog entry. Here it goes. I definitely concur with Leo's opinion. Everyone should do their due diligence before advising someone on a lock. Here are some of my sources that I consult with before advising my clients: Daily Lock Advisor, MortgageMarketGuide.com, CNBC Business News and other publications related to the industry. To Lock or not to lock, if we only new the answer for sure. However, I do believe that a well informed professional will be able to advise their clients in a manner that can lower the risk of … (7 comments)
advice: DAILY LOCK ADVISORY 7/20/2007
- 07/20/07 03:24 AM
Rate Lock Advisory - Friday Jul. 20thFriday's bond market has opened strong following early stock losses. The stock markets are reacting to negative earnings news with the Dow down 111 points and the Nasdaq down 26 points. The bond market is currently up 12/32, which should improve this morning's mortgage rates by approximately .125 - .250 of a discount point.There was no relevant economic news posted this morning, so as expected, bonds are reacting to stock movement. As the major stock indexes fall, traders move funds into bonds as a safe-haven from the volatility in stocks. This leads to bonds moving … (3 comments)
advice: DAILY LOCK ADVISORY
- 07/18/07 10:18 AM
Rate Lock Advisory - Wednesday Jul. 18thWednesday's bond market has opened strong following the release of this morning's inflation news and Fed Chairman Bernanke's congressional testimony. The stock markets are showing sizable losses with the Dow down 107 points and the Nasdaq down 30 points. The bond market is currently up 15/32, which should improve this morning's mortgage rates by approximately .250 of a discount point.The Labor Department gave us this morning's important news, saying that the Consumer Price Index (CPI) for June rose 0.2% with the core data also rising 0.2%. The overall reading was slightly higher than expected, but … (4 comments)
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