Bryan Flynn's Central Massachusetts Mortgage Blog

Mortgage and Lending - Regency Mortgage Corporation - NMLS #16825
Keep on top of the Mortgage Rate market, check it out.
Bonds had a nice rally yesterday and closed above a key level of resistance.  In order for confirmation of a technical break through the next trading day needs open above that as well......well bonds did not and they have given back 70% of yesterday's gains already.  The headline number of durabl...
Mortgage Bonds have traded lowered for 4th straight session today losing just shy of 200 basis points over that period.  To get a rate quoted on Monday a client would now have to pay 2 points on their loan if they did not lock and wanted that , that is scary. No economic news out this morning; mo...
   CPI was hotter than expected which is inflationary and bad for mortgage bonds. CPI was estimated at .7% and came in at 1.1% year or year is 5%   Core CPI, ex -food and -engergy,  was estimated at .2% and came in at .3% year or year it is 2.4% It is the biggest CPI jump in a single month since ...
Another crazy day in this economy....the PPI was hotter than expected this morning which means inflation and the Retail Sales number missed.  The core PPI which takes out food and energy was slightly better than expected which is some positive upside, but really food and energy is an obvious conc...
The Crisis of Confidence....that's probably the best way to describe it.  Friday was a crazy day in the financial markets being headlined by the potential failure of the government sponsors agencies (GSEs), Fannie Mae and Freddie Mac.  At the start of Friday it was reported the government could t...
Bonds have been on a wild ride this week trading significantly lower until a sharp turn around Monday afternoon followed by a big rally yesterday, opening at their low and closing just off their high.  The 30 year fixed rate is at it's best level in just over a month.  Bonds and stocks both finis...
   Today is the last day of the 2nd quarter and the DOW is on pace to have its worse month of June since 1930.  A new oil intraday high of $143.57 just hit as well.  I just heard those stats and thought I should share. This is my first update in a week, I was in training most of last week and had...
This week is about about Wednesday and what the Fed is going to do.  It would be an absolute shock if they chose to raise rates to begin the fight on inflation.  Wall Street is most interested in what the statement is going to say about the issues and their views, expect beat ...
Bonds were off 3 bps on the day this Friday, aftering stalling out and not being able to break up the upward resistance line for the 3 consecutive day.  There was not economic released and the down did finish off down over 200 points and the S & P finished down 1.8%.  Unusual day for stocks and b...
 Rates were down modestly today 22 bps on the day.  Bonds tested both the closest support and resisitance levels and closed right in the middle of it....meaning we are in another tug of war with the bulls and the bears going into next week's Fed meeting.  From a technical standpoint bonds are sti...

Bryan Flynn

Central Mass and Worcester Mortgages
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