salt lake city real estate: Daily Bond Report - 08/08/08 01:36 PM
Friday, August 08, 2008
With Fannie Mae announcing that their second quarter earnings were three times less than what analysts expected and their CEO stating that they are expecting it to get worse, it would seem logical that the bond and stock market would follow past trends and would both tank... … (1 comments)
salt lake city real estate: The Daily Bond Report - 08/01/08 11:17 AM
Friday, August 01, 2008
Unemployment jumped to 5.7% beating estimates, but June employment payrolls 17,000 less than expected. Who makes these estimates!?!?!?! So far, the economy has lost a total of 463,000 jobs this year. Alan Greenspan, famous for being pulled out of the mothballs and dusted off, talked about what … (1 comments)
salt lake city real estate: The Daily Bond Report - 07/31/08 02:03 PM
Thursday, July 31, 2008
I have a real problem accepting the price of gas when once again Exxon reported record profits... they did miss what analyst expected though. Off my soapbox. The second quarter GDP rose 1.9%, nearly doubling last quarter, but less than the 2% analysts were hoping for. Sounds … (0 comments)
salt lake city real estate: The Daily Bond Report - 07/30/08 12:24 PM
Wednesday, July 30, 2008
Let's start with the bad news and work our way to good. Mortgage applications dropped 14.1% to levels not seen since 2000, with purchase applications down 7.8%. This is understandable in our ever tightening loan market. With rates up and concerns on inflation being the biggest reason, … (0 comments)
salt lake city real estate: The Daily Bond Report - 07/29/08 01:17 PM
Tuesday, July 29, 2008
When bad news goes good... bonds took a slight nosedive today after investment bank Merrill Lynch said late Monday it would take a $5.7 billion write-down and sell off $30 billion in mortgage backed securities (MBS) this quarter.... At 1/5th their face value. They are doing this, … (0 comments)
salt lake city real estate: The Daily Bond - 07/28/08 01:49 PM
Monday, July 28, 2008
Today is a sure float day... for now. With a number of economic reports due out this week, today's happy bond day is due to the sad stock day. Thankfully oil is in a holding pattern even though there was a small bombing issue on one of … (1 comments)
salt lake city real estate: 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 … (0 comments)
salt lake city real estate: 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 … (0 comments)
salt lake city real estate: The Daily Bond Report - 07/18/08 01:55 PM
Wednesday, July 16, 2008
The one thing you can count on when you take time off is that whatever can go wrong will. Earnings reports have been coming out this week, and as expected the losses were major. The interesting part is that they were not as major as expected. Today … (0 comments)
salt lake city real estate: The Daily Bond Report - 07/16/08 01:19 PM
Wednesday, July 16, 2008
yea, it's been a lock day. Most of the market news making the DOW shooting up was based not on companies reporting record profit, but rather loosing less than expected. I am a big fan of finding the silver lining in mushroom cloud that has been the … (0 comments)
salt lake city real estate: The Daily Bond Report - 07/14/08 12:15 PM
Monday, July 14, 2008
Latre Friday had some major market moving news come out after the markets closed, which followed through the weekend with fed meetings. Late Friday Indymac officially imploded and fell under the umbrella of the federal government. That Whole FDIC insured sticker on the window came into play … (2 comments)
salt lake city real estate: Pre-daily Bond - 07/11/08 11:05 AM
If you have a pulse odds are you have heard the Freddie fannie news. The bond has just turned negative. Although it may be short lived, if you have an accepted contract, i would have your clients lock to be safe. More to come in the bond report.
Karl Menzer … (0 comments)
salt lake city real estate: The Daily Bond Report - 07/10/08 11:31 AM
Foreclosures are up, the dollar is gaining strength, and John Mayer admitted to a fling with a fan. Hey in this emotional market, anything can change the tide. The biggest market movers today are Retired St. Louis Fed President William Poole's comments on how Freddie and Fannie are basically done and … (0 comments)
salt lake city real estate: The Daily Bond Report - 07/09/08 02:34 PM
Wednesday, July 09, 2008
Iran would test a missile that would reach Israel? Really?... Although I don't see the surprise, investors did and retreated from the Dow today. They initially moved to oil, but then the Bond Gods shined down and gave us a massive drop in the Dow and oil … (0 comments)
salt lake city real estate: Daily Bond Report - 07/08/08 02:14 PM
The late fear yesterday was that both Fannie Mae and Freddie Mac were in trouble and needed to raise some fast cash to stay afloat. With mortgage backed securities starting with FNMA, although the market was primed for better rates, no one seemed to be able to get past that. It … (0 comments)
salt lake city real estate: The daily Bond Report - 07/07/08 12:02 PM
Monday, July 07, 2008
Look up, look down, look all around.... Most of us remember how the last line goes, and it is about the same with mortgage backed securities today. The bond was down as much as 38 Bp when I started writing this article today... then it rebounded up … (2 comments)
salt lake city real estate: The Daily Bond Report - 07/01/08 01:08 PM
Tuesday, July 01, 2008
For those of you who had the joy of living through the punk rock scene in the 80's you may remember a band called FEAR that had this lovely little ditty called "let's have a war". It seems like today the main market mover is the fear … (1 comments)
salt lake city real estate: The Daily Bond Report - 06/30/08 02:42 PM
Monday, June 30, 2008
Bonds have remained flat for most of the day. Currently the FNMA 5.5% 60 yr is down 6 Bp for the day and has been between -6 and +12. With investors looking at a $162 billion war spending bill marked for a volatile region, oil is where … (0 comments)
salt lake city real estate: The Daily Bond Report - 06/24/08 03:07 PM
Tuesday, June 24, 2008
As what is becoming the norm with the market and rates, bonds came off their high of the day and dropped into negative territory before bouncing back to being up 25 Bp for the day. Making the market move erratically today is a mixture of housing numbers, … (0 comments)
salt lake city real estate: The Daily Bond Report - 06/19/08 12:17 PM
Thursday, June 19, 2008
It's another mattress day today as the bond, oil, and the Dow are all struggling to be positive. Making market news today are Mays Leading Economic Indicators, Jobless claims, and the Fed Philly Survey. The LEI, which measures 10 different aspect of the economy and trying to … (0 comments)
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Friday, August 08, 2008
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