mortgage rates: Please Follow Me on Twitter for Daily Mortgage Industry Updates
- 12/14/11 04:42 AM
Hello Activerain family. I hope everyone is finishing up a very successful year. This year has been so much fun for me. I joined Activerain at the beginning of the year and used this blogging platform as a springboard into the blogging world. I have since taken the knowledge I have accumulated here and started my own WordPress blog, a YouTube Page, a FaceBook page, and now my new avenue for releasing information, Twitter. This is why I am reaching out to my Activerain family today. I started putting some extra focus into my Twitter account over the past 2 weeks … (0 comments)
mortgage rates: Mortgage Buddy Sees Potential up Tick in Mortgage Rates this Week
- 10/16/11 01:48 PM
The stock market was on an absolute tear last week driving money out of bonds and into stocks which pushed up stock values and interest rates. The rates below 4% are already old news for many lenders and clients who procrastinated are now looking at 4.25% according to Freddie Mac data. This week is going to be huge for the market. There are earnings being reported from large banks like Citi and Goldman Sachs, not to mention a full calendar of economic date being released. www.freemortgagebuddy.com Let's take a look at the economic data that could move rates. Tues & Wed will … (4 comments)
mortgage rates: The Mortgage Buddy Sees Rates Come off Record Lows
- 10/10/11 11:36 AM
Are we starting to break the downward trend or is this recent rally in the market and bump up in rates just a blip on the charts? After rates touching under 4% as a national average on a conventional mortgage, according to Freddie Mac, the stock market is in rally mode and rates have started the move towards 4.5%. Still an amazingly low rate but if you were one of those people floating your mortgage rate in hopes of that magical 3.5% you might have wished your way right back over 4%.
The stock market has had a big jump … (1 comments)
mortgage rates: Unemployment Numbers & Manufacturing in Focus for the Coming Week
- 10/01/11 07:54 AM
Once again we have reached that time. The first Friday of the month is almost upon us and with that comes the county's unemployment report. This past Thursday we had some promising numbers with the continuing jobless claims taking a larger than expected drop. The question remains, how will we recover from the horribly flat jobs number last month? We are coming off the worst quarter for the stock market since the crash in 2008, and with the European debt fears it won't take much to send us back towards a double dip recession. But let's stay positive people. Economic Data for … (0 comments)
mortgage rates: The Mortgage Buddy Rate Outlook for the Week Beginning 9/19/11
- 09/18/11 05:39 AM
Happy Sunday fellow Rain Makers. I hope the world is treating you all well and you are approaching life with a positive attitude. Remember the only thing we can control is our "responsibility" response-ability. So choose positive instead of frustration or negativity. Let's take a look at "The Mortgage Buddy" rate outlook for the upcoming week. We started to see a little bit of movement in the market this past week. Stocks finally were able to accumulate some consecutive up days and the S&P is back up over 1,200. This could be a bullish sign if we have some follow through … (0 comments)
mortgage rates: Mortgage Buddy Rate Outlook for the Week
- 09/05/11 07:01 AM
I looks as if we will have some significant hang over from the horrible jobs number on Friday. ZERO jobs created in the month of August on the heels of Verizon laying off 45k through the strike and employers fearing the mess that Washington was creating with the debt ceiling disaster. All in all, it was a mess of a month for the labor market. Today our markets are closed in observance of the end of summer holiday but the world markets were crumbling under European debt fears. Those markets were down 3.5% to over 5% and the futures market … (0 comments)
mortgage rates: The Mortgage Buddy Rate Outlook for the Week of August 22nd 2011
- 08/22/11 09:11 AM
Mortgage Buddy Rate Outlook This week looks to be more of the same choppiness in the stock market, with perhaps a little less volatility. There is a lot of continued uncertainty in Europe with their debt issues and the reality of a global slow down has pushed investors into gold and bonds. The silver lining in all of this is that we continue to have downward pressure on interest rates and they remain at historic lows. There are a few economic data points this week to pay attention to: Tuesday 10am New Home Sales: New home sales measure the number of … (1 comments)
mortgage rates: We Could Gain or Lose 10% in the Market This Coming Week.......
- 08/14/11 12:10 PM
Last week was absolute insanity in the market. Up down around. Trillions upon trillions of dollars of market capital was lost. The aftershocks of the debt downgrade, Euro debt fears, and the realization of an overall global economic slow down drove the volatility through the roof. The fed last Tuesday vowed to keep the rates low until the middle of 2013. This was a change from what they had previously stated or didn't state with their "extended period language". This week is loaded with economic data and we could be in a world of hurt at the end of the week … (3 comments)
mortgage rates: The Mortgage Buddy Rate Outlook for the Week Beginning August 8th
- 08/07/11 02:04 PM
The Mortgage Buddy Rate Outlook for the Week Beginning August 8th This is going to be one of those weeks for everyone who has ties to the financial industry in one way or another. Are we on the verge of a double dip recession? If we look at the earnings reports and jobs numbers, no. Even though the jobs numbers are anemic at best at least they are in the green. A little better than expected report on Friday gave the markets a collective sigh of relief, only to be followed up with a O NO, on the credit downgrade. Most … (0 comments)
mortgage rates: The Mortgage Buddy Rate Outlook for the Week Beginning 8/1/11
- 07/31/11 10:43 PM
The Mortgage Buddy Rate Outlook for the Week Beginning 8/1/11 Rates are going to revolve around two major factors this week. The Debt Ceiling talks and the July Unemployment report on Friday. There was major debate over the last week as to what was going to happen to the bond market with the uncertainty of how quickly Washington was going to get their act together and raise the debt ceiling. Instead of mass exodus from treasuries we saw just the opposite, a flight to safety on the heels of a week GDP report on Friday. The economy is moving a long … (0 comments)
mortgage rates: The Mortgage Buddy Rate Outlook for the Coming Week
- 07/24/11 10:07 AM
This is going to be a very interesting week in the market. We have a lot of political issues that could pressure the market and hamper the positive energy coming out of a very good season of earnings. The countdown is on for what is going to come of the debt talks. It's frustrating for all Americans no matter what party you align with. We have a debt problem and we can only solve it with spending cuts and/or raising taxes. We have tax loop holes, and unnecessary military involvement around the world but it stills come back to poor domestic … (1 comments)
mortgage rates: The Mortgage Buddy Rate Outlook for the Up Coming Week
- 07/17/11 03:18 PM
The Mortgage Buddy Rate Outlook for the Up Coming Week Last week we saw a lot of volatility in the market working both up and down. We are seeing some investor bond buying which is helping to keep the mortgage rates low. The market seems to be stuck between two polarizing forces. We are getting much better than expected earnings from the major US companies but on the other hand we have a scary European debt problem that is spreading like a bad flu. Last year at this time the market was in a very similar place with the debt crisis, except … (2 comments)
mortgage rates: Mortgage Buddy Rate Outlook for the Up Coming Week
- 07/10/11 01:56 PM
Mortgage Buddy Rate Outlook for the Up Coming Week Last week we saw a run up in rates until we hit the wall of weak unemployment report on Friday morning. In fact the report was miserable with only 18,000 jobs created in the month of June. The question remains was this just a "soft patch" or are we starting a trend walking away towards the recovery we were starting. This coming week will be dominated by the second quarter earnings report starting as usual with the aluminum giant Alcoa AA. Good earnings will push the market higher and rates higher but … (0 comments)
mortgage rates: Friday's Job's Numbers Will Set the Track for Rates
- 07/06/11 01:06 PM
Friday's Job's Numbers Will Set the Track for Rates Last week saw a break out to the upside for mortgage rates after hitting their lowest point since last year. The exact reason is hard to pin point of course but a couple of the factors that contributed to the jump in rates. Greek Bailout-Once again Greece is looking for money from the EU to bail them out so they can make their debt payments. They passed an unfavorable austerity program that the other countries were looking for so they would be will to give them the cash flow. I'm sure they … (5 comments)
The market continues to run scared on the fears of a spreading European debt crisis, and a slow down in the global economy. Last week saw a very volatile week in the market but it ended with some better than expected durable goods orders and .1% higher on the final 1st quarter GDP numbers. I truly believe our economy is going to be just fine. Corporate earnings will drive the market up but that's still about 2 weeks a way. Until then we are going to be on shaky ground … (5 comments)
mortgage rates: Mortgage Buddy's Rate Outlook for the Week Beginning Mon. June 13th
- 06/13/11 07:35 AM
Mortgage Buddy's Rate Outlook for the Week Beginning Mon. June 13th This week is jammed packed with economic data that could really move the market and effect the direction of interest rates. We are coming off of 6 straight down weeks in the stock market and this has happened since right after dot com bubble and 911. It's tough to really say if this a healthy market correction or if this is something more devastating to our retirement funds. I think we are going to have one more down week and then start to see some greener pastures and rising rates … (0 comments)
mortgage rates: The Mortgage Buddy Rate Outlook for the Week Beginning Monday June 6th
- 06/05/11 03:35 PM
The Mortgage Buddy Rate Outlook for the Week Beginning Mon. June 6th This week is a very light calendar week of economic data and reports. I think that's probably a good thing, the markets need to digest the plethora of bad data last week. We had much weaker than expected manufacturing and factory data and then we were wall disappointed by Friday's unemployment report. I like when my forward looking predictions are correct because it makes me seem credible to my readers, but there is nothing to boost about when it comes to a report like that. Just to give a … (2 comments)
Last week saw another round of soft economic data. It seems clear that the global economy is seeing a bit of a soft patch. The effects of the stimulus money is starting to fade out, Japan's earth quake economic shock waves are finally being felt, and the European debt crisis is starting to re-surface again. We are also running into the typical seasonal slow down in the stock market. The big fish usually "sell in May and go away". Many experts think this is just a soft patch and once we get … (2 comments)
mortgage rates: The Mortgage Buddy Rate Outlook for the Week Beginning May 23rd
- 05/22/11 02:59 PM
Below is "The Morgage Buddy" rate outlook for the week. I don't have a crystal ball. I use economic data and market trends to hopefully give some educated insight into the potential dirction of the market and mortgage rates. This week's mortgage market environment looks to interesting to say the least. We have been having a string of week economic data reports the past few weeks and it's showing in the bond market with increased buying and now the stock market is starting to pull back as well. There are numerous economic data points with the potential to weigh on mortgage rates. … (1 comments)
mortgage rates: Wild Day in the Stock Market
- 05/17/11 03:20 PM
Today was a wild day in the stock market, especially for those who follow it closely on a daily basis. We started off negative and then really dipped in late morning and it looked as if the technical levels were going to break down. I sold some June expiration calls I had on the VIX and then bought some calls for Hewlett Packard and Intel at the lows for the day. This down turn is leading some to question whether this is just a minor correction or something more serious. We have already had many more down days in May … (4 comments)
I decided to start writing this blog to be an education resource to my referral partners and my clients. We live in a new world of mortgage lending in which we need to be up to date on the changing underwriting guidlines and mortgage products offered. It's through these updates that we will all be able to provide our clients with the customer service they derserve and expect. It's my belief that this industry insight is what will take our business to the next level.
Education = Confidence
Hello Activerain family.
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