Larry Iest's (larryi) Blog

Here is the Mortgage Market Update for the week of October 29, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEK: RecapLast week mortgage rates were stable with a slight improvement. There was not much in the way of economic news releases so the bond market took direction from the sto...

Here is the Mortgage Market Update for the week of October 22, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEKLast week was a good week for mortgage rates and we saw a .125 to .25% improvement in rates. The catalyst for the rate improvement was a bond market rally fueled by stock ma...

LAST WEEKLast week mortgage rates basically stayed unchanged. Mortgage bonds are hovering just below the all important 200-day moving. This trend line has served as a great support and "ceiling" for mortgage bonds. When the bond prices close above the 200-day moving average it acts as a support a...

Here is the Mortgage Market Update for the week of October 8, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEKLast week mortgage rates worsened on Friday after the jobs report was released ending the week about .125% higher than when it started. The Labor Department report for job cr...

Here is the Mortgage Market Update for the week of October 1, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEKLast week mortgage rates moved throughout the week but ended just about where they started. The biggest economic release was Fridays PCE report. This is the Des favorite meas...