Last Updated: 10/31/2007 - 10/31/07 02:43 PM
Today's FOMC adjournment brought us the expected quarter point rate cut that was expected by many, but the post-meeting statement created concern about inflation. The Fed referenced the weak housing market as a contributing factor to the change in short-term interest rates, but also indicated that inflation remains an issue, particularly with the high energy and oil prices we are currently seeing. … (1 comments)

Last Updated: 10/30/2007 - 10/30/07 02:35 PM
Tuesday's bond market has opened flat despite weaker than expected economic news and early stock losses. The stock markets are in negative territory with the Dow down 45 points and the Nasdaq down 3 points. The bond market is currently nearly unchanged from yesterday's closing levels, which kept this morning's mortgage rates unchanged. The Conference Board said this morning that their Consumer Confidence Index (CCI) for October fell to 95.6. This was much lower than was expected and indicates that consumers felt much less confident in their own financial situations than many had thought. This is good news for bonds and … (0 comments)

Last Updated: 10/29/2007 - 10/29/07 08:21 AM
This week is packed with economic releases and major events that will likely lead to a fair amount of volatility in the markets and mortgage pricing. There are seven reports scheduled for release along with another FOMC meeting. There is no relevant data due today, so all seven reports come over four days. The first data will be posted Tuesday morning with the release of the Consumer Confidence Index (CCI) for the month of October. This Conference Board index will be posted at 10:00 AM and gives us a measurement of consumer willingness to spend. It is expected to show a … (0 comments)

Last Updated: 10/26/2007 - 10/26/07 04:34 PM
Friday's bond market has opened in negative territory due to early stock strength. The stock markets are showing gains, with the Dow currently up 57 points while the Nasdaq has gained 39 points. The bond market is currently down 2/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point. The only relevant economic news of the day was posted late this morning when the University of Michigan posted their revised Index of Consumer Sentiment for October. They announced a reading of 80.9, which was a downward revision and below the forecasted reading 82.0. This … (0 comments)

Last Updated: 10/25/2007 - 10/25/07 03:22 PM
Thursday's bond market has opened fairly flat despite weaker than expected economic news. The stock markets are mixed with the Dow currently up 13 points and the Nasdaq down 5 points. The bond market is currently down 3/32, but we will still likely see a slight improvement in this morning's mortgage rates as a result of strength late yesterday. The Commerce Department gave us today's big news with the release of September's Durable Goods Orders. Today's release revealed a drop in new orders for big-ticket items of 1.7% when it was expected to show a rise of 1.5%. This is good … (0 comments)

Last Updated: 10/25/2007 - 10/25/07 03:22 PM
Thursday's bond market has opened fairly flat despite weaker than expected economic news. The stock markets are mixed with the Dow currently up 13 points and the Nasdaq down 5 points. The bond market is currently down 3/32, but we will still likely see a slight improvement in this morning's mortgage rates as a result of strength late yesterday. The Commerce Department gave us today's big news with the release of September's Durable Goods Orders. Today's release revealed a drop in new orders for big-ticket items of 1.7% when it was expected to show a rise of 1.5%. This is good … (0 comments)

Last Updated: 10/24/2007 - 10/24/07 03:15 PM
Wednesday's bond market has opened in positive territory following early stock weakness. The stock markets are showing sizable losses that are likely to get larger before the end of the day. The Dow is currently down 89 points while the Nasdaq has lost 42 points. The bond market is currently up 15/32, which will likely improve this morning's mortgage rates by approximately .250 of a discount point. The National Association of Realtors reported this morning that home resales fell over 8% last month. This was the largest monthly decline on record and indicates that the housing sector is still rapidly weakening. … (0 comments)

Last Updated: 10/23/2007 - 10/23/07 02:39 PM
Tuesday's bond market has opened fairly flat as investors wait for this week's little economic news. The stock markets are showing gains after yesterday's rebound from early losses to close in positive territory. The Dow is currently up 49 points while the Nasdaq has gained 20 points. The bond market is currently down 2/32, which will likely keep this morning's mortgage rates at yesterday's levels. There is no relevant economic news scheduled for release today. The first report is September's Existing Home Sales late tomorrow morning. This report gives us an indication of housing sector strength and mortgage credit demand. It … (0 comments)

Last Updated: 10/22/2007 - 10/22/07 02:35 PM
Monday's bond market has opened down slightly despite further stock weakness. The Dow is currently 52 points while the Nasdaq is showing a slight gain of 2 points. The bond market is currently down 4/32, which will likely keep this morning's mortgage rates at Friday's levels. There is no relevant economic news scheduled for release today. The week does bring us four pieces of data along with a Treasury auction. Only one of the four is considered to be of high importance to the markets and it comes Thursday. … (0 comments)

Last Updated: 10/21/2007 - 10/22/07 08:38 AM
There are four pieces of data scheduled for release this week that may affect mortgage rates along with a Treasury auction. Only one of the four is considered to be of high importance to the markets, so I am expecting the stock markets to again play a significant role in bonds swings and changes to mortgage rates. With no relevant news scheduled for release tomorrow or Tuesday, we will likely see the bond market remain fairly calm, unless the stock markets post sizable gains or losses. The first report is September's Existing Home Sales that will be posted at 9:00 AM … (0 comments)

Last Updated: 10/19/2007 - 10/19/07 03:25 PM
Friday's bond market has opened well in positive territory following early significant weakness in stocks. The stock markets are posting sharp losses with the Dow down 204 points and the Nasdaq down 37 points. The bond market is currently up 23/32, which will likely improve this morning's mortgage rates by approximately .250 of a discount point over yesterday's morning rates. There is no relevant economic news scheduled for release today. The selling in stocks is a result of corporate earnings news, more credit fears and oil prices that remain above $90 per barrel. That selling has made bonds more attractive to … (0 comments)

Last Updated: 10/16/2007 - 10/16/07 02:37 PM
Tuesday's bond market has opened in positive territory as stocks show another round of losses. The stock markets are again posting early weakness with the Dow down 91 points and the Nasdaq down 17 points. The bond market is currently up 6/32, which will likely improve this morning's mortgage rates by approximately .125 of a discount point. September's Industrial Production report was released mid-morning today, revealing a 0.1% rise in output at U.S. factories, mines and utilities. This matched forecasts and has not had much of an impact on the markets this morning. … (0 comments)

Last Updated: 10/15/2007 - 10/15/07 05:43 PM
An extra dose of mortgage commentary today. Monday's bond market has opened fairly flat despite sizable stock market losses. The major stock indexes are showing early weakness with the Dow down 60 points and the Nasdaq down 10 points. The bond market is currently down 2/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point. There is no relevant economic news scheduled for release today. The rest of the week brings us the release of five economic reports that are of interest to the mortgage market. This week also begins the rush of quarterly … (1 comments)

Last Updated: 10/14/2007 - 10/15/07 08:15 AM
This week brings us the release of five economic reports that are of interest to the mortgage market. This week also begins the rush of quarterly earnings releases for companies, which could cause significant movement in the stock markets. The earnings results could affect bond trading as investors move funds into stocks if the reports are good. The other possibility is that the earnings reports would generally disappoint, meaning investors may move funds out of stocks and into bonds as a safe-haven. The latter would be good news for the bond market and mortgage rates. This first piece of data is … (0 comments)

Last Updated: 10/12/2007 - 10/12/07 02:37 PM
Friday's bond market has opened in negative territory after this morning's economic news gave us mixed results. The stock markets have reacted favorably with the Dow up 52 and the Nasdaq up 26 points. The bond market is currently down 6/32, but due to strength in bonds late yesterday we will still see an improvement in this morning's mortgage rates of approximately .125 of a discount point. The first of today's three reports was September's Retail Sales data. It showed an increase in sales of 0.6% from August's levels. This was much higher than the 0.2% rise that was expected and … (0 comments)

Last Updated: 10/10/2007 - 10/10/07 02:36 PM
Wednesday's bond market has opened down slightly despite stock weakness. The stock markets are showing sizable losses with the Dow down 82 and the Nasdaq nearly unchanged. The bond market is currently down 2/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point. There is no relevant economic data scheduled for release today. The Fed posted the minutes from their last FOMC meeting yesterday afternoon. They gave investors reason to believe that more rate cuts are coming in the near future. This led to a stock market rally late yesterday, but did not affect … (0 comments)

Last Updated: 10/09/2007 - 10/09/07 02:36 PM
Tuesday's bond market has opened slightly in positive territory as investors wait for today's Fed minutes. The stock markets are showing gains with the Dow up 32 points and the Nasdaq up 4 points. The bond market is currently up 3/32, which is not enough to improve this morning's mortgage rates. The first report of the week comes this afternoon when the Fed will release the minutes to the last FOMC meeting. These may be a major mover of the markets or could be a non-factor, depending on what they say. The key will be concerns over inflation and the Fed's … (0 comments)

Mortgage Commentary Last Updated: 10/08/2007 - 10/08/07 08:16 AM
This week brings us four factual economic reports for the markets to digest. They are all scheduled for release Thursday and Friday, so the first part of the week will be left mostly up to the stock markets. In addition to the factual reports, we will also get the minutes from the last FOMC meeting that can also cause movement in rates. Three of the four reports and the minutes are considered to be moderately or highly important to the bond market and mortgage rates. Therefore, we should expect to see another week of movement in rates. The bond market will … (0 comments)

Last Updated: 10/05/2007 - 10/05/07 02:36 PM
Friday's bond market has opened down sharply following the release of this morning's Employment report. The stock markets are reacting favorably to the news with the Dow up 84 points and the Nasdaq up 35 points. The bond market is currently down 26/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point. Softening the blow to this morning's rates is strength in bonds late yesterday that prevented rates from rising by another .250 of a discount point. The Labor Department gave us this morning's news, saying that the unemployment rate rose to 4.7%, that … (1 comments)

Last Updated: 10/02/2007 - 10/03/07 08:51 AM
Tuesday's bond market has opened in positive territory as yesterday's buying seems to be carrying over to today. There was no relevant economic news scheduled for today, but early stock weakness is also contributing to this morning's gains. The stock markets are showing losses with the Dow down 46 points and the Nasdaq down 3 points. The bond market is currently up 8/32, which will likely improve this morning's mortgage rates by approximately .125 of a discount point over yesterday's morning rates. There is no further important economic news scheduled for release until Thursday morning. Until then, expect the stock markets … (1 comments)

 

Dale Zbieranek

Brookfield, WI

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Mortgage Bankers of Wisconsin

Address: 16655 W Bluemound Rd Ste 330, Brookfield, WI, 53005

Office Phone: (262) 784-6600 x 230

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