tri valley mortgage: East Bay Mortgage Update for April 21st, 2010 - 04/21/10 11:25 AM
Mid Week Update
Economic News: There is not much in the way of reports until tomorrow and Friday. At that point we will get a read on the inflation trends as well as a look at the health of the labor market. These reports could have a near term impact on interest rates in either direction depending on any surprises outside of consensus.
Mortgage Markets: The 10 Year Note is yielding 3.76 and rates are improving over yesterdays levels. The Mortgage Backed Securities are doing well but still running up against resistance levels. Now is an excellent time to consider locking … (2 comments)
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tri valley mortgage: East Bay Mortgage Update for April 16th, 2010 - 04/16/10 11:19 AM
End of the Week Update
Economic News: Yesterday Industrial Production figures came in below estimates but if you look deeper into the numbers the manufacturing sector growth remained robust. Jobless Claims came in much higher than expectations but the 4 week moving average is still better than the prior month showing that while hiring is not happening quickly we are most probably bouncing across the bottom of the employment picture. Housing Starts were up greater than anticipated and the Consumer Confidence numbers fell from last month's levels. All in all it was a mixed bag of reports for the week.
… (2 comments)
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tri valley mortgage: East Bay Mortgage Update for April 14th, 2010 - 04/14/10 12:57 PM
MID WEEK UPDATE
Economic News: Yesterday the International Trade numbers revealed a widening US trade gap suggesting an improvement in domestic demand. Today's Retail Sales figures came in higher than expectations helping the argument that the consumer is "waking up" and will help economic recovery sooner rather than later. Lastly, the Consumer Price Index bolstered the view that, at this point, inflation is not a concern in the near term.
Mortgage Markets: The 10 Year Note is yielding 3.83 and we are seeing welcome stability in the Mortgage Backed Security Market. Since the bond losses of early last week rates have … (2 comments)
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tri valley mortgage: East Bay Mortgage Update for April 12th, 2010 - 04/12/10 12:51 PM
Beginning of the Week Update
Economic News: Not much on the books for today in the way of reporting. It looks as if the Euro Zone finance ministers have agreed on a 40 Billion Dollar aid package for Greece. This has steadied the debt markets for now. The week will become more exciting as it goes on and the specific reports are listed below.
Mortgage Markets: The 10 Year Note is yielding 3.85 and we are seeing a small rally in the Mortgage Backed Security Market. Since the bond losses of early last week rates have improved modestly over the last … (0 comments)
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tri valley mortgage: East Bay Mortgage Update for April 5th - 04/05/10 01:52 PM
Beginning of the Week Update
Economic News: Today's Pending Home Sales number for existing homes was released this morning and the index showed robust rise of 8.2% to 97.6%. That, coupled with some additional strength of the ISM reports, has led the equity markets off to another positive day at the expense of the debt markets. Not much on the calendar for the rest of this week in the way of economic data but the government will be holding several debt auctions which could impact the interest rates in the near term. We are now trading at the highs of the range … (1 comments)
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tri valley mortgage: East Bay Mortgage Update for March 29th - 03/29/10 01:48 PM
Beginning of the Week Update
Economic News: The Personal Income & Outlay figures were reported this morning. Nothing really dramatic to report as personal income came in at the lower end of the expected range and spending softened with a decline in auto sales. At the end of last week Governor Schwarzenegger signed Assembly Bill 183 into law. The bill made provisions for $200 million in homebuyer tax credits. $100 million will be allocated to qualified first time home buyers of existing homes and $100 million for buyers of new or previously unoccupied homes. The eligible taxpayer who purchases a qualified … (0 comments)
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tri valley mortgage: East Bay Mortgage Update for March 26th - 03/26/10 09:34 AM
End of the Week Update
Economic News: The Jobless Claims numbers released yesterday were positive and continued the trend of month to month improvement in the payroll numbers. New claims were reported at 442,000 versus the expected 450,000. This morning the 4th Quarter GDP numbers were revised downward from an annual rate of 5.9% to 5.6% which was slightly below forecast. Lastly, the University of Michigan's Consumer Sentiment Index reported numbers slightly stronger than the mid March reporting period.
Mortgage Markets: What a week in the debt trading world. Both the 10 year note and the Mortgage … (4 comments)
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tri valley mortgage: East Bay Mortgage Update for March 24th - 03/24/10 09:21 AM
Mid Week Update
Economic News: Existing Home Sales data was released yesterday. The figures remained lackluster with a .60 decrease from the January levels and supply rising over the last three months. Distressed sales made up 35% of the market and all cash deals were at 27%. The Midwest & Northeast showed stronger results than the struggling West & South. This morning's Durable Goods Orders were in line with expectations. There was an upward revision of the January numbers. All in all the numbers show that the manufacturing sector is continuing to move along providing hope for a continued recovery. New … (4 comments)
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tri valley mortgage: East Bay Mortgage Update for March 8th - 03/08/10 08:56 AM
Start of the Week Update
Economic News: There is not much coming on the market calendar until later this week. The sentiment is that the Retail Sales number will show a modest gain on Friday. The jobless claims number is expected to also show slight improvement on Thursday following the better than expected reports at the end of last week. In addition, the U.S. Government will be selling 74 Billion dollars in notes and bonds on Tuesday, Wednesday & Thursday.
Mortgage Markets: Mortgage pricing is worse across by .125 - .250 in fee from the closing levels on Friday. A … (0 comments)
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tri valley mortgage: East Bay Mortgage Update for March 5th - 03/05/10 10:58 AM
End of the Week Update
Economic News: The data for the end of the week was all about JOBS, JOBS, JOBS. The unemployment rate came in at 9.7% and non-farm payrolls were down 36,000 versus an expected 50,000. This was on the back of the ADP report Wednesday on Jobless Claims on Thursday. All this taken together was considered good news on the employment front.
Mortgage Markets: Mortgage rates are losing ground today with a rally in the equity markets. Across the board rates are worse by about .125%. Overall the rates today are at the same level as … (0 comments)
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tri valley mortgage: Tips to keep your home safe from burglary - 03/03/10 01:43 PM
You don't think it will ever happen to you but the fact is that home burglaries happen every day. In fact from 2004 to 2008 the number of burglaries increased by almost 4%. Most of these incidents happen in residential homes and average more than $2,000 in stolen items. If you would rather not be a victim of statistics here are some steps you can take to protect you and your home.
The most effective way to reduce the risk of burglary is to install a home security system. These can sometimes be quite expensive but take a few moments to … (12 comments)
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tri valley mortgage: East Bay Mortgage Update for March 3rd - 03/03/10 01:20 PM
Mid Week Update
Economic News: Monday's release of the Institution for Supply Management (ISM) figures came in strong, albeit a little lower, than last month revealing a small moderation of manufacturing growth. January construction spending fell less than expected and was 9.3% lower than the same period for last year. Tuesday's Motor Vehicle Sales, while down a bit from last month, came in right in line with expectations. Wednesday welcomed us with the much anticipated ADP employment report and predicted a 20,000 decline in February payrolls which was certainly brighter than expected. Layoff announcements fell to the lowest level since 2006.
… (0 comments)
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tri valley mortgage: Sales Cycles – Know What Retailers Know and Save $$$ - 03/02/10 02:05 PM
Recently we emailed out our quarterly newsletter and I was impressed by one article that I thought would be nice to share. The article is called Sales Cycles - The Secret to Shopping Savings and was published by All About News, Inc. It contains a very useful calendar outlining month- by-month, which items tend to be on sale according to consumer reports experts. Apparently major sales are cyclical in nature and with proper knowledge and planning, those of us in the know can save big!
Here is the run-down outlining what's on sale and when:
Of course, not all of … (3 comments)
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tri valley mortgage: Practical Advice for the New Homeowner - 02/26/10 05:46 PM
Practical Advice for the New Homeowner
There's nothing more exciting than opening the door to your first new home and knowing that it's entirely yours, that you actually own it! No landlord bothering you about every little thing. Finally you can do whatever you want to do in your new home (including painting the walls!).
But step back for a moment. While you've certainly earned the pride you feel of owning your home, don't let your emotions get the better of you and potentially jeopardize your valuable investment.
Before you start making any major renovations, take a minute to cover the … (3 comments)
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tri valley mortgage: East Bay Mortgage Update for February 26th - 02/26/10 10:45 AM
End of Week Update
Economic News: Yesterday's release of the Durable Goods Orders showed positive improvement and raised hopes that the recovery is extending. The Unemployment Claims number came in surprisingly higher than the expected 460,000 at 496,000 which represented the highest level since November. This put a bit of worry in the market which was a positive for the debt sector. Today's revised Gross Domestic Product (GDP) numbers were 5.9% (versus the initial 5.7%) representing the second quarter of economic growth in a row. Finally, Existing Home Sales fell 7.2% for the period which mirrored the softer new home sales … (0 comments)
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tri valley mortgage: Previous Short Sale? How soon can you get a loan??? - 02/24/10 05:01 PM
All of us in the real estate industry are acutely aware of the short sale phenomenon which has been prevalent for the past few years and is still going strong. The decline in home values have prompted many home owners to either negotiate a payoff for less than the amount they owe or even worse, to walk away altogether.
While many home owners have fallen into this dilemma as a result of poor financial management, there is a distinct group who are forced into the short sale arena through nothing but bad luck. For instance, a home owner may be … (4 comments)
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tri valley mortgage: East Bay Mortgage Update for February 24th - 02/24/10 09:42 AM
Mid Week Brief
Economic News: Yesterday started the beginning of a busy reporting week in the form of the Case-Shiller Home Price Index as well as Consumer Confidence. Case-Shiller revealed mixed data but did point toward continued price stabilization for the seasonally adjusted data. Consumer Confidence had an unexpected drop and returned to the April 2009 levels. This morning's New Home Sales numbers were released and were down 11.2% with an expected annual rate of 309,000 units versus the 348,000 forecasted. New home supply rose from 8 months to 9.1 months. There was also a FDIC release yesterday that increased the … (2 comments)
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