Real estate blog entries tagged with wells fargo massachusetts by Bryan Flynn Central Mass and Worcester Mortgages (First Eastern Mortgage Corporation)

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wells fargo massachusetts: Mortgage Market Update for Friday July 25, 2008 - 07/25/08 08:24 AM

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 durable goods … (4 comments)

wells fargo massachusetts: A Week of Rising Rates - 07/18/08 09:01 AM

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.
… (0 comments)

wells fargo massachusetts: Mortgage Market Update for July 16th, 2008 - 07/16/08 07:45 AM

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%
… (0 comments)

wells fargo massachusetts: Mortgage Market Update for Wednesday July 9th, 2008 - 07/09/08 06:13 AM

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 … (0 comments)

wells fargo massachusetts: Mortgage Market Update for June 30, 2008 - 06/30/08 08:35 AM

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 … (2 comments)

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