Mortgage Rate Lock advisory for Friday, October 29, 2010 - 10/29/10 03:17 PM
If you are considering locking an interest rate for a New York or Florida mortgage consider this post.
Friday’s bond market has opened in positive territory after this morning’s economic data failed to give us any negative surprises. The stock markets are calm with the Dow fluctuating between up and down a couple of points and the Nasdaq up 3 points. The bond market is currently up 10/32, which should improve this morning’s mortgage rates by approximately .125 - .250 of a discount point.Today’s key data was the preliminary reading of the 3rd Quarter Gross Domestic Product (GDP). It showed that … (0 comments)

Mortgage Rate Lock advisory for Wednesday, October 27, 2010 - 10/27/10 10:43 AM
 
If you are considering locking an interest rate for a New York or Florida mortgage consider this post.
Wednesday’s bond market has opened in negative territory despite mixed economic data and early stock losses. The stock markets are in selling mode with the Dow down 75 points and the Nasdaq down 3 points. The bond market is currently down 16/32, which will likely push this morning’s mortgage rates higher by approximately .250 of a discount point.The Commerce Department said early this morning that September’s Durable Goods Orders rose 3.3% last month, exceeding the forecasted 1.8% increase by a fairly wide … (0 comments)

Mortgage Rate Lock advisory for Tuesday, October 26, 2010 - 10/26/10 12:52 PM
If you are considering locking an interest rate for a New York or Florida mortgage, consider this post.
Tuesday's bond market has opened in negative ground due to stronger than expected economic news. The stock markets are relative calm with the Dow down 10 points and the Nasdaq nearly unchanged. The bond market is currently down 13/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point.The Conference Board gave us this morning's economic data, announcing a reading 50.2 in their Consumer Confidence Index (CCI) for October. This was a little higher than what analysts … (1 comments)

Mortgage Rate Lock advisory for Monday, October 25, 2010 - 10/25/10 05:24 PM
If you are considering locking an interest rate for a New York or Florida mortgage consider this post.
Monday's bond market has opened in positive territory despite stronger than expected housing data and early stock strength. The stock markets are reacting favorably to the data, pushing the Dow up 70 points and the Nasdaq up 15 points. The bond market is currently up 10/32, which should improve this morning's mortgage rates by approximately .125 of a discount pointThe National Association of Realtors said late this morning that sales of existing homes rose approximately 10% last month. This was much stronger than … (0 comments)

Maintaining, purchasing and installing hot water heaters. - 10/24/10 02:26 PM
 If you enjoy taking hot showers or baths, and who doesn't, you should be thankful for a little known or cared about thing in your basement called a Hot Water Heater. I remember George Carlin made fun of this appliance that it should be called a cold water heater and not a hot water heater as it heats cold water not hot.
 
 

 This post comes from my own experience as my water heater is over 15 years old and I do not want to deal with the expense of recovering from a flood.
 You do not think about … (3 comments)

Mortgage Rate Lock advisory for Friday, October 22, 2010 - 10/22/10 05:13 PM
If you are considering locking an interest rate for a New York or Florida Mortgage, consider this post.
Friday's bond market has opened fairly flat following a mixed open in the stock markets. The Dow is showing a 17-point loss while the Nasdaq has gained 13 points. The bond market is nearly unchanged from yesterday's close, meaning we should see little change in this morning's mortgage rates.
There is no relevant economic data scheduled for release today, so we should be looking towards the stock markets for guidance on bond trading. If the major stock indexes move upward from current levels, … (0 comments)

Cell Phone information - 10/21/10 02:16 PM
Here are some interesting facts about what you can do with your cell phone. It would be wise to print them out and keep them in the glove compartment box of your car just in case.
5 Things You Never Knew Your Cell Phone Could DoFor all the folks with cell phones. (This should be printed and kept in your car, purse, and wallet. Good information to have with you.)There are a few things that can be done in times of grave emergencies.Your mobile phone can actually be a life saver or an emergency tool for survival.Check out the things that … (4 comments)

New Rule for NY foreclosure attornies - 10/21/10 09:50 AM
In today's paper there was an article that New York State courts began ordering lenders' attorneys in foreclosure cases to file sworn statements that they have made reasonable steps to check the accuracy of the documents. This is a response to the nationwide mess over "robosigning" of affidavits.
 Lenders already swear to the accuracy of papers when they file foreclosure suits, but in recent weeks sloppy documentation attesting to the ownership of mortgage notes had forced Ally Bank, GMAC, JP Morgan Chase and Bank Of America to suspend foreclosures. Chase and Bank of America are to resume foreclosure preceedings next week.
… (0 comments)

Mortgage Rate Lock advisory for Friday, October 15, 2010 - 10/15/10 02:52 PM
If you are considering locking in a New York or Florida mortgage interest rate consider this post.
 Friday's bond market has opened in negative territory as yesterday afternoon's selling extends into this morning's trading. The stock markets are mixed with the Dow down 25 points and the Nasdaq up 17 points. The bond market is currently down 6/32, which will likely push this morning's mortgage rates higher by approximately .125 - .250 of a discount point.Today's economic data came in favorable for the most part, but one the more important reports we see each month showed stronger than expected results. The … (1 comments)

Mortgage Rate Lock advisory for Thursday, October 14, 2010 - 10/14/10 11:49 AM
If you are considering locking in a mortgage rate for a New York or Florida property, consider this post.
Thursday's bond market has opened down slightly after this morning's economic data gave us mixed results. The stock markets are relative flat with the Dow and Nasdaq both up a couple of points. The bond market is currently down 4/32, but we will still likely see an improvement of approximately .125 - .250 of a discount point in this morning's mortgage rates due to strength late yesterday.The first of today's two monthly releases was September's Producer Price Index (PPI). The Labor Department … (0 comments)

Things to do this weekend October 15 & 16, 2011 on Long Island, New York - 10/14/10 09:01 AM
 This weekend there is the largest waterfront festival on the East Coast taking place. The Festival is the Oyster Festival and it takes place in Oyster Bay, New York. It is all about fun. It used to be a parade honoring native son Theodore Roosevelt but has since grown into a major entertainment filled event.
 The Festival is Saturday and Sunday October 15 & 16 from 11 AM- 6PM. Information hotline (516) 628-1625.
 There is a great deal here to enjoy including an oyster eating contest, live outdoor music performances and an artisian filled craft tent overlooking the harbor. You can … (3 comments)

Mortgage Rate Lock advisory for Wednesday, October 13, 2010 - 10/13/10 12:43 PM
If you are considering locking in an interest rate for a New York or Florida mortgage, consider this post.
Wednesday's bond market has opened in negative territory due to strong stock gains during early trading. The stock markets are reacting favorably to some corporate earnings results that have the Dow up 110 points and the Nasdaq up 26 points. The bond market is currently down 8/32, which should push this morning's mortgage rates higher by approximately .250 of a discount point.There is no relevant economic data scheduled for release today, but we do have the 10-year Treasury Note auction to watch. … (1 comments)

Mortgage Rate Lock advisory for Tuesday, October 12, 2010 - 10/12/10 02:01 PM
If you are considering locking a New York or Florida Mortgage Loan, consider this post.
Tuesday's bond market has opened in positive territory following early weakness in stocks. The stock markets are starting this holiday-shortened week in negative ground with the Dow down 50 points and the Nasdaq down 8 points. The bond market is currently up 6/32, which should improve this morning's mortgage rates by approximately .125 of a discount point from Friday's morning pricing.There was no relevant economic data posted this morning, but we do have something of interest being released this afternoon. The Fed will release the minutes … (0 comments)

Here is a Mortgage Rate Lock advisory for the week of October 11, 2010 - 10/11/10 09:43 AM
If you are considering locking in an interest rate for a New York or Florida mortgage, here is a posting of factors to consider.
This week brings us the release of five economic reports that are of interest to the mortgage market along with the minutes from the last FOMC meeting and two important Treasury auctions. The week also gets heavy in 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 … (4 comments)

Here is a Rate Lock Advisory for New York and Florida Mortgages for Friday, October 8, 2010 - 10/08/10 01:07 PM
Here is a Rate Lock Advisory if you are considering locking an interest rate for a New York or Florida mortgage.
Friday's bond market has opened in positive territory after this morning's employment data gave us favorable results. The stock markets have actually had little reaction to the news with the Dow and Nasdaq mixed from yesterday's close. The Dow is currently up 10 points while the Nasdaq has slipped 4 points. The bond market is currently up 9/32, which should improve this morning's mortgage rates by approximately .125 of a discount point.The Labor Department gave us September's Employment report this … (1 comments)

Rate Lock Advisory for New York and Florida Mortgages for Thursday October 7, 2010 - 10/07/10 11:47 AM
Here is some advice about locking in a New York or Florida interest rate for a mortgage.
Thursday's bond market has opened fairly flat, following the lead of the stock markets. The Dow is currently down 14 points while the Nasdaq is up 4 points. The bond market is currently up 2/32, which should improve this morning's mortgage rates by another .125 - .250 of a discount point over yesterday's morning pricing.The Labor Department said early this morning that 445,000 new claims for unemployment benefits were filed last week. This was lower than expectations, but has not hurt bonds during early … (1 comments)

Mortgage Rate Lock Advisory for Wednesday October 6, 2010 - 10/06/10 01:06 PM
If you are considering locking in a rate for a New York or Florida Mortgage consider reading this post.
Wednesday's bond market has opened in positive territory with the stock markets mixed and no important economic data scheduled for release today. The stock markets have failed to extend yesterday's rally, leaving the Dow up 12 points and the Nasdaq down 11 points. The bond market is currently up 9/32, which should improve this morning's mortgage rates by approximately .125 - .250 of a discount point. With no relevant data being posted today, look for the stock markets to influence bond trading … (0 comments)

Bank of America exiting the wholesale mortgage market - 10/05/10 02:50 PM
 I just heard on CNBC that Bank of America is exiting the wholesale mortgage market. These are mortgages that are originated through mortgage brokers. They are cutting off these originations and are going to concentrate on retail lending. This is where mortgage loans are originated through their retail branches.
 This makes me wonder what are they thinking. It costs lenders zero to accept loans from outside mortgage brokers. As a matter of fact loans originated by brokers are run through the most stringent underwriting engines and have a low default rate. Citibank did this about 2 years ago. They had 10,000 … (7 comments)

Mortgage Rate Lock Advisory for Tuesday October 5, 2010 - 10/05/10 02:34 PM
Here is some advice about locking in a rate for a New York or Florida mortgage loan.
Tuesday's bond market has opened relatively flat despite strong stock gains. The stock markets are showing gains after overseas markets rallied last night, pushing the Dow higher by 127 points and the Nasdaq higher by 40 points. The bond market is currently up 2/32, which will likely keep this morning's mortgage rates near yesterday's levels. There was no important economic data posted this morning. The only data that was posted was irrelevant to the mortgage market and has not impacted mortgage rates. The same goes … (0 comments)

Mortgage Rate Lock Advisory for the Week Of October 4, 2010 - 10/04/10 09:35 AM
Here is some advice about where NY mortgage rates are heading this week.
This week brings us the release of only two monthly economic reports that are likely to influence mortgage rates. However, one of those two releases is extremely important to the financial and mortgage markets. We start the week with one of them and end it with the more important one. In between, we can expect the stock markets to drive bonds prices and mortgage rates. If the major stock indexes extend September's gains, the bond market will likely move lower this week. As bond prices drop, their yields … (0 comments)

Mortgage Rate Lock Advisory for October 1, 2010 - 10/01/10 03:05 PM
Here is a rate lock advisory for today October 1, 2010 for New York and Florida Mortgage Rates.
Friday's bond market opened in negative territory after some of this morning's economic data revealed stronger than expected activity. The stock markets are also contributing to the bond weakness with gains of 64 points in the Dow and 15 points in the Nasdaq. The stock market is currently down 11/32, but we should still see a slight improvement in this morning's mortgage rates due to strength during trading late yesterday.August's Personal Income and Outlays data was released early this morning. It showed that … (0 comments)