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interest rate: Mortgage Bonds Bust a Move... - 07/08/09 04:13 PM
Mortgage Backed Securities (MBS) are moving again!  Over the past several days, MBS have been improving as stocks continue their struggle.  Today's bond auction was well received which has helped fuel a beautiful rally today, giving Bonds the needed momentum to break above some tough overhead resistance.  The past few days gains have brought rates back...well, almost back...to the levels of one month ago.  
Rumors of a 2nd stimulus plan hit the wires just days ago and the chatter continues.  The first stimulus plan was aimed at Banks, Automakers, City and State governments.  New reports indicate that it also put more … (0 comments)

interest rate: What's in store for Mortgage Rates? - 06/23/09 10:59 AM
Today the Fed begins their 2 day meeting.  We know the Fed Funds Rate is not going to change, but there is speculation that the Fed will buy more longer-term Treasuries, which may provide a jump start to eventually bring Mortgage rates down.
So if you are still considering a refinance, it is important to be ready to pull the trigger should "Fed-speak" cause a rally tomorrow.  Be prepared to act quickly.
I've seen many people pass on saving $200 per month in the hopes rates might improve a bit more, helping them gain another $25 per month in additional savings … (0 comments)

interest rate: Jobs Slide Again - 02/06/09 09:21 AM
This morning the all important Job Report was released and it was ugly...worse than expected.  The 525,000 forecast came in at a loss of 598,000 jobs.  This is the greatest job loss since 1974. 
Job losses for all of 2008 were also adjusted higher...at 3 million.  The government said employment at the end of the year (08) was 138.2 million, a little bit better than initially reported. 
Our unemployment rate jumps to 7.6% and the highest unemployment rate since September 1992.  But wait...7.6% represent those who are unemployed and looking for work.  After adding in those who are too discouraged to … (2 comments)

interest rate: Jobs, Jobs, Jobs... - 02/05/09 09:58 AM
It's been a busy and bleak week in the markets with numerous economic reports, stimulus chatter, corporate earnings (losses) reports, and the list goes on. 
The unemployment lines are growing longer.  On Wednesday, the ADP survey showed a grim private sector job loss of 522,000 for January.  Today, Initial Jobless Claims (these are people filling for the first time) registered at 626,000 which is just a little higher than the estimates of 580,000.  This is the highest level since 1982 and points to an ugly report tomorrow.   Tomorrow is the Grandaddy of Jobs Reports - and the markets are already braced for … (0 comments)

interest rate: Mortgage Bond Market Losing Steam - 01/30/09 09:48 AM
Bonds are getting beaten up today.  There's a saying in the market... "the trend is your friend" meaning that the trend helps you make proactive decisions to better manage your investments and your expectations. 
While it is our friend it sure isn't being so friendly in the current direction.  It was a mixed bag of economic news this morning with more poor corporate earnings reports, oil on the increase, and GDP coming in better than expected.  This mixed news had bonds bouncing around this morning.
I'm not sure the Fed is really helping us much either.  As I mentioned yesterday, the … (0 comments)

interest rate: Where is the 4.5% Interest Rate? - 01/29/09 10:13 AM
Yesterday it was no surprise when the Federal Reserve said they would keep the Fed Funds Rate steady at 0 to .25%.  However, the committee did offer some positive expectations for homeowners.  They said that they continue to anticipate that "inflation pressures will remain subdued in coming quarters".  This forecast on inflation is bond friendly and will help keep home loan rates low.
The Fed said they will continue to purchase large quantities of agency debt and mortgage-backed securities to provide support to the mortgage and housing markets.  They went on to say they "stand ready to expand the quantity of … (1 comments)

interest rate: Confidence Disappoints Stocks, Will Bonds Benefit? - 01/27/09 09:17 AM
Last night the Senate confirmed Timothy Geithner as Secretary of the Treasure.  Obama showed up to swear him in, which is a bit unusual.  It will be interesting to see how Obama's recovery plan will advance.
Consumer Confidence comes in lower than expectations and knocked the life out of stocks. Mortgage Bonds catch a slight bounce.  The conference board said they are beginning to see improvements in consumer expectations...could this be the result of renewed hope with a new President?
This afternoon a big supply of Bonds will hit the market at 1pm ET, when the Treasury will auctions off $40B in 2-year T-Notes.  … (0 comments)

 

Elizabeth Rose - Certified Mortgage Planning Spec - Texas

Highland Village, TX

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Network Funding, LP

Address: 2800 Corporate Drive, Suite 101, Flower Mound, TX, 75028

Office Phone: (972) 244-3121

Cell Phone: (972) 345-3268

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An inside look at the mortgage market and how it might affect you.


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