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salt lake city mortgage report: The daily Bond Report - 07/22/08 12:47 PM
Lock. Lock. Lock. Did I mention that you should have your clients lock today? With Oil below $127, gold down more than $17 today and stocks only on a modest gain, it would sound like a great day for the bond market. Unless of course more bad media came out today on the 2 big Mac's today. Which Treasury Secretary Henry Paulson did today when he told congress that they needed to pass funding for them before it's too late. You know I have been occasionally called a doom and gloom guy (talking to you Steve), but even would I know better … (0 comments)
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salt lake city mortgage report: The Daily Bond Report - 07/21/08 01:02 PM
Monday, July 21, 2008
Someone find a pulse on the bond. After last weeks tumble, the bond is laying flat today hoping for some better news. With banks posting better than expected losses (that right a good loss), and Junes Leading Economic Indicators dropping only .1%, investors are having a hard time buying anything today. Ading wet wood to the fire Forty-five percent of economists believe the economy will either not grow or will come in at a small 1% pace in the last six months of this year, according the National Association for Business Economics just released. With last month's … (0 comments)
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salt lake city mortgage report: The Daily Bond Report - 06/13/08 02:24 PM
Friday, June 13, 2008
I true Friday the 13th form, what can go wrong will. Although numbers came in as expected today, and the bond started off on a positive, it turned negative within the last hour. Bonds had been up as much as 40 Bp they have turned downward and as the normal lately, we are seeing re-pricing for the worse. In housing news, foreclosures once again made record territory with a 48% increase over the same time last year, and a 7% increase from last month. It looks as like most investors are taking today's profits and running while … (1 comments)
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salt lake city mortgage report: The Daily Bond Report - 06/12/08 02:07 PM
Thursday, June 12, 2008
This morning the bond found its level of support..... and then shot lower. With May retail sales beating everyone's expectations by .5%, it seemed that the much worse than expected unemployment numbers, which came in at 384,000, took a back seat. Bonds are still tracking down and we have already seen a re-price for the worse today. Oil is also down, which make stocks the winner of the day. With so much worry in the banking industry, we are going to be hard pressed to find a level of support. Tomorrow's CPI may show an increase in … (1 comments)
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salt lake city mortgage report: The daily Bond Report - 06/04/08 12:53 PM
Wednesday, June 04, 2008
It's another ants in the pants day for bonds. A lot of jumping around but no real direction. Making news today are worker productivity, the ADP employment report and the ISM (Institute for supply management) report. Worker productivity rose 2.8% last month, a good sign that with fewer employees on the payroll, employers are able to get more from the ones still there. The ADP report came out today betting on an increase in jobs of 40,000 despite the fact that we have had job losses in the first 4 months of 08. The ISM also came … (2 comments)
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salt lake city mortgage report: The daily Bond Report - 06/03/08 12:49 PM
Tuesday, June 03, 2008
Factory orders Jumped up a whopping 1.1% last month, much higher than the .1% expected, and giving the Dow a good boost in the morning. Banging Ben Bernanke also came out and to no surprise said that the Fed is done with rate cuts and even hinted about rate hikes. This is good news for us as a country as it will help tame inflation and boost the value of the dollar. Since oil is only traded in dollars, this equals to lower prices per barrel. The bond has been down most of the morning, but has … (0 comments)
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salt lake city mortgage report: The Daily Bond Report - 06/02/08 01:58 PM
Monday, June 02, 2008
YOU'RE FIRED!!!! And with that investors became worried about the market and have given us a small rally in the bond today. Today the CEO's of both Wachovia and Washington Mutual were asked to step down as chairmen. To add to bond, today's economic reports, although better than expected, both cam in lower. With the ISM Manufacturing index once again below 50 (which means contraction in the economy), investors are looking at the six time in seven months as a sure sign that the worst isn't over. Another good sign for the bond is that although construction … (0 comments)
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salt lake city mortgage report: The Daily Bond Report for the Tooele and Salt Lake City Realestate Markets - 05/23/08 11:55 AM
Friday, May 23, 2008
Existing home sales fell 1% with the largest portion coming from condos. This is a real strong indicator that 1st time homebuyers have been hardest hit by guideline changes or have been spooked by the media. Median home sales also dropped 8%. Although housing inventories are at the highest since 1985, the numbers today were expected. The DOW is down well over 100 points today on the pre-holiday weekend, which is helping the Bond out. It seems that they are both completely intertwined today, as the DOW recovers, the bond drops, so any rally in stocks can … (0 comments)
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salt lake city mortgage report: Daily Bond Report For The Tooele and Salt Lake City Real Estate Markets - 05/19/08 01:15 PM
Friday, May 16, 2008
When I first saw the layout to our new home I thought "how smart to have the laundry on the second floor", then I moved a washer and dryer. Now all I think is "OUCH!!!" The market is much nicer than that today. With most economists feeling that the mortgage mess and home sales declines coming to an end by late 2008, AND the economy weakening further, the bond is on a small rally today even with the DOW up more than 125. Oil has fallen just below $126 a Bbl, which is good news considering the … (1 comments)
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salt lake city mortgage report: Daily Blog for The Tooele and Salt Lake Real Estate Markets - 05/16/08 01:10 PM
Friday, May 16, 2008
Big moves yesterday... for me that was. Moving can be a pain both physically and mentally. Today though, FHA Repealed their declining market rule they put into effect last December that required homebuyers to pay a larger down payment in "declining markets". Housing starts jumped last month to 1.03 million. Good news for the market, but the big jump came from multi-family housing i.e. rental properties. We actually saw a drop in SFR construction. The University of Michigan's Consumer sentiment came in at a 28 year low with our big friend oil taking most of the blame … (0 comments)
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salt lake city mortgage report: The Daily Bond Report For the Tooele and Salt Lake Real Estate Market - 05/13/08 12:02 PM
Tuesday, May 13, 2008
Citing better customer service and internal cost savings, Wal-Mart reported that their profits rose 6.9% in the first quarter of 2008... better customer service??? Riiight.... More likely that many Americans hit by the latest squeeze have become box shoppers to stretch their dollar more. On a positive note (see Steve it can happen), although many of the mortgage based companies reported major losses yesterday, investors bought stock as a sign that the worst has passed for them and they have turned the corner. Retail sales have posted a loss today and with investors still worried about a … (0 comments)
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salt lake city mortgage report: Daily Bond Pre-report - 05/13/08 08:10 AM
Retail sales came lower than expected but with most of that due a drop in auto sales and the dow futures pointing up, if someone signed a REPCE yesterday and there is still overnight price protection, they should lock. The bond is down over 32 Bp for the morning and has fallen below most levels of support. I will have more in this afternoons bond report.
Karl Menzer
http://www.karlmenzer.com
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salt lake city mortgage report: Daily Bond Repost - 05/12/08 02:54 PM
Bonds have fallen under the stress of the Stock Market Rally. Currently the stock Market is up over 120. This is forcing the Bond down 25 for the day, but 34 Baisi points since pricing came out this morning. If you know of someone who is still floating, it would be best to have them lock, for the short term, before pricing deterioriates. If they missed the re-rice already, tomorrow is another day.
Karl Menzer
435-849-0212
Http://www.karlmenzer.com
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salt lake city mortgage report: Daily Bond Report for Tooele and Salt Lake Real Estate Markets - 05/12/08 12:57 PM
Monday, May 12, 2008
Bond Insurer MBIA posted a $2.41 Billion loss in the first quarter. Indymac also came out posting a loss this quarter, then going further by stating that it more than likely show a profit this year. There isn't much economic news out today, but he week is packed full of earning reports and jobless claims. The bond is sitting on the fence today with Oil, which topped $126 today before retreating back to the $124 range, and stocks, which are up 90 today. Tomorrow is already expected to be worse than expected news on the retail side. … (0 comments)
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salt lake city mortgage report: Daily Bond Report - 04/23/08 02:30 PM
Wednesday, April 23, 2008
It takes real self control to not watch the bond constantly and today is no exception. Bond insurer Ambac reported a loss today of $1.6 billion. This was much worse than analysts expected and dropped their stock down to under $ 5 a share. They were $95 a year ago (ouch). Oil is becoming the main driving factor in the market today, with it almost reaching $120 a barrel yesterday before retreating back to the $117 range. The stock market is up a little over 20 points, which is helping pull the bond down drastically. Currently the bond … (0 comments)
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Karl Menzer Tooele Utah Real Estate Lender
Tooele,
UT
More about me…
karlmenzer.com
Address: 36 N Main St., Tooele, Ut , 84074
Office Phone: (435) 849-0212
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