maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, September 23, 2008
- 09/23/08 01:06 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. It will be another day of ups and downs. Economic News? No, government testimony on a bailout in an election year. A Senate hearing is taking place to hear what the official pundits think of the current economic situation. Every little nuance, question asked, breath taken and other minutia will be acted upon immediately by the various traders until the overall picture comes out. … (1 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, September 22, 2008
- 09/22/08 01:41 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. The Federal Government is at it again - saving banks in spite of themselves. The latest move is placing Goldman Sachs and Morgan Stanley into Federal supervision. This is to "save" them from the same fate shared by giants before them. This news appears to be supported by worldwide markets as a good thing. Technically speaking - the FNMA 5.5% 30 year bond have fallen … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, September 19, 2008
- 09/19/08 01:09 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. WOW - Federal Government steps in with one of the biggest bailouts in US History. After stepping in to say they are creating a program designed to allow banks to unload unmarketable mortgages stock markets around the world are praising this move with enormous gains. Because of this move to stocks, money has to come from somewhere which is bonds. Bonds have taken a … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, September 18, 2008
- 09/18/08 02:10 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Jobless Claims for September came in higher than analysts expected. Surprisingly, the Philadelphia Fed Index - which tracks economic growth for the manufacturing sector in the northeast - showed some growth, where it had been expected to show further contraction. Technically speaking - the FNMA 5.5% 30 year bond has fallen back to support levels on both the Philly Index reading as well as … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, September 17, 2008
- 09/17/08 05:53 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Housing starts and building permits fell even further last month. Though folk may speculate the end has not been reached, this news can more be contributed to the ongoing financial mess. This is a boost to bonds so look for bonds to improve today as the market falls further based on this as well as with the AIG bailout. Technically speaking - the FNMA 5.5% … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, September 16, 2008
- 09/16/08 02:19 PM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. The Consumer Price Index (CPI) report was released this morning showing prices to have sunk compared to what analysts were expecting and compared to last months reading. The Core CPI - stripping out volatile food and energy - remained constant at 5.4%. Technically speaking - the FNMA 5.5% 30 year bond closed at near best levels of the past 2-3 years. With the bond still … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, September 15, 2008
- 09/15/08 02:07 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Bad news/Good News. Lehman Brothers is declaring bankruptcy and Merrill theLynch is being taken over by Bank of America. This is certainly roiling the global markets. One's portfolio may be in serious jeopardy, BUT bond markets are loving this. Here's why. Money is being taken out of stocks at an alarming rate. Folk want some semblance of security and since the US government has … (1 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, September 12, 2008
- 09/12/08 01:03 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Great news for bonds today. The Producer Price Index (PPI) and Retail Sales all came in lower than analyst expectations. This definitely signals the end of the stimulus package as well as how the lowering of oil prices has affected the PPI. Technically speaking - the FNMA 5.5% 30 year bond is currently caught in a tight trading range. One force acting against continued strength is … (1 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, September 11, 2008
- 09/11/08 01:01 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Jobless Claims fell slightly over last month though more than analyst expectations. This coupled with a rising trade deficit has given a boost to bonds this morning. Good news on the economic front, oil has fallen even more due to decreased demand. . Technically speaking - the FNMA 5.5% 30 year bond bounced off of the support spoken of yesterday. Though bonds are still overbought, … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, September 10, 2008
- 09/10/08 12:55 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Bonds started down the path of back fill today. On little scheduled economic news, this could be a good thing. Though stocks appear to be going down for the day, oil coming up a bit due to OPEC's decision to cut some oil production, and overall weakness in the global economy should lead bonds to normally improve. This selling off of bonds will give … (2 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, September 9, 2008
- 09/09/08 12:35 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Bonds definitely enjoyed the news of the government takeover of the two mortgage giants. The government takeover showed the giants are now able to back the bonds they have written. This caused both bonds and stocks to stabilize - coming back into historic perspective. Though considerable weakness still exists in the housing market, bonds - hence mortgages - are decidedly stronger. Though a general shake up … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, September 8, 2008
- 09/08/08 12:46 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Fannie Mae and Freddie Mac were taken over by Government Regulators yesterday. This is huge! A stability appears to be coming back into the market place. This stability will result in lower interest rates because bonds will have the appearance of better security. Technically speaking - the FNMA 6.0% 30 year bond is being very encouraged by this news. The bond is approaching its … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, September 5, 2008
- 09/05/08 01:21 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Unemployment and non Farm payrolls both came in quite a bit off the mark compared with analyst expectations. Unemployment rose to 6.1% - a 5 year high. Job losses now total 605,000 for the year. This is good news for bonds. Technically speaking - the FNMA 6.0% 30 year bond blasted through the 200 day moving average yesterday and continues its improvement with this mornings … (1 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, September 4, 2008
- 09/04/08 01:00 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Rise in jobless claims appears to agree with the nation's largest employment payroll service reporting a loss in jobs for last month. Surprisingly productivity has increased even with all those folk on unemployment. Technically speaking - the FNMA 6.0% 30 year bond has been reaching towards the 200 day moving average. With bonds high in the overbought range, any breaking of the 200 day … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, September 3, 2008
- 09/03/08 01:33 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Oil dropping, dollar rising - seems like the bond market likes these things. Yesterday, after a sharp sell off, the bond rebounded rather nicely. Technically speaking - the FNMA 6.0% 30 year bond has bounced off of the 10 day moving average yesterday and broke back above the 100 day moving average. Still in the overbought range the bond is struggling to stay near weekly highs. … (1 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, September 2, 2008
- 09/02/08 01:52 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. "Himacane" Gustav was not as powerful as predicted - therefore oil has fallen drastically. Stocks are encouraged by this as well as by the dollar improving. Bonds are off accordingly - currently resting on the 10 day moving average. Technically speaking - the FNMA 6.0% 30 year bond has fallen to the 10 day moving average. This couple with being severely overbought will probably … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, August 29, 2008
- 08/29/08 01:59 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Personal Income dropped by .7% and Personal Spending increase by .2%. Personal Consumption stayed at analyst expectations of .3%. Yesterday the sale of 5 year Treasury bonds went well as did the sale of 2 year Treasury bonds the day before. All of this has assisted bonds to overcome overbought conditions and some tough resistance levels. The other big report for today is the … (1 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, August 28, 2008
- 08/28/08 12:46 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Gross Domestic Product (GDP) was reported this morning as being quite a bit higher than original expected. Jobless Claims fell from last month but came in where analysts had expected. This boost in GDP is currently being credited to the economic stimulus checks that came out. Technically speaking - the FNMA 6.0% 30 year bond continued its mini rally yesterday rising up to the 100 … (0 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, August 27, 2008
- 08/27/08 01:22 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Durable Goods came in at the same rate as last month but quite a bit higher than analyst expections. This could be resulting from analysts not knowing when the $600 - $1200 tax rebate ended - or something else. Technically speaking - the FNMA 6.0% 30 year bond continued its mini rally yesterday. Bonds are in an overbought status - look for this to … (1 comments)
maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, August 26, 2008
- 08/26/08 01:11 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Existing Home Sales were slightly improved yesterday. Today New Home Sales, Consumer Confidence and the Fed Meeting minutes will be released. The slight lift in yesterday's report may signal a slight improvement in New Home Sales. If you are to believe the media, Consumer Confidence will be reaching new lows - rather contrary to what the pundits believe. With stocks looking to take a … (0 comments)
Here are the daily thoughts on floating or locking if you are asked by your clients. ;)
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