Dec31st Market Update - 12/31/09 12:28 PM
A Terrific New Years Eve to all,
Jobless claims came in much lower than expected. The market opened lower than yesterday's gains, but we have recovered early morning losses. Positive thoughts we close where we opened.
Best wishes for a Great New Year.
Today's market snapshot
Charting in detail below.
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great New Years Eve!
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Dec30th Market Update - 12/30/09 12:10 PM
Wonderful Weds morning to all,
PMI came in higher than expected indicating some rebound with manufacturing. The 5yr auction went well yesterday resulting in a nice rally. The 7yr auction we need to watch carefully.
Today's market snapshot
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
… (2 comments)
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Dec29th Market Update - 12/29/09 11:49 AM
Terrific Tuesday to all,
MBS opened exactly where we closed yesterday. The auctions today and tomorrow will weigh heavily on bonds. Case Shiller came in flat.., and consumer confidence was up a bit but not quite where it was expected. Positive thoughts we can hold and possibly rally. If the auction isn't well received another sell off is possible.
Today's market snapshot
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
… (0 comments)
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The State of the Market - 12/28/09 11:09 PM
The State of the Market
Quick re-cap on reality
Real Estate Residential: We all know the low end is moving briskly in most parts of the country. Remember the Tax Credit will run out.........what then? Reasonable home prices might drive sales at the low to middle end. However if rates continue to ramp north qualifying for the same home at higher interest rates without seller contributions = good luck. The high end is suffering due to credit requirements and available financing. Sellers at the high end need strategy to reduce the time on the market and get creative...............yesterday!
Real Estate Commercial: … (0 comments)
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Dec28th Market Update - 12/28/09 11:51 AM
Marvelous Monday To all,
Auctions will weigh heavily on bonds this week. Holiday sales were up 3.2% since Nov 20th. Light trading week and the HUGE auctions = caution as we are well below support. Hopefully if we sell off we can hold at 99.
Today's snapshot
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
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Dec24th Market Update & Merry Christmas - 12/24/09 10:53 AM
A Very Merry Christmas & Happy Holidays to all,
We opened lower than MBS closed yesterday. Durable goods came in higher than expected up 2% with autos thrown out. Jobless claims were down 28K, both positive for the economy. Happy Holiday thoughts we stay in current trading range a sell off is still possible......... currently down 16BPS.
Let your Holiday Spirit SHINE!
Today's market snapshot
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a wonderful Holiday!
Merry Christmas!
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So all you want for the New Year is a New Custom Home - 12/23/09 09:59 PM
So all you want for the NEW Year is a new Log Home
With interest rates low and the Tax Credit almost in your back pocket now is the time to plan and purchase your new home.
1st you need to call Claire so she can help guide you with your new home. Texas is the fastest growing state. So what could be better than a new Log Home you designed? It's like watching you children grow up as your NEW LOG HOME starts to take shape. Once your new Custom Home is built it will amaze all your family and friends.
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Dec23 Market Update - 12/23/09 11:05 AM
Wonderful Weds morning to all,
We opened a wee bit higher than yesterdays market close. Personal income was up but still a hair less than projected. New home sales were down, however building permits were up. Sideways trading is likely today.......however would like to see us recover lost gains.
Tomorrow durable goods and jobless claims can quickly move the market. If either are very positive we might see another sell off.
Keep in mind this is a very choppy market!
Today/s snapshot
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
… (2 comments)
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Weds Dec22nd Market Update - 12/22/09 11:00 AM
Terrific Tuesday morning to all,
Bonds once again have opened much lower than where we closed yesterday. GDP came in at 2.2 % signifying growth in the economy. Existing home sales were up once again 7.4%. That wasn't a real surprise. Wild swings in the market............. Happy thoughts we close the spread we opened with. Next landing point if we drop is 99.
I flipped to the 4.5% coupon which will reflect where investors base their pricing.
Today's snapshot
Charting in detail below.
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
… (0 comments)
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Dec21st Market Update - 12/21/09 11:10 AM
Marvelous Monday morning to all.
This week will be choppy....most for the pros are on vacation. Dow is up, no economic news today.
Carefully float.
Today's outlook
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
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FHA Guidelines for Short Sale Homeowners - 12/18/09 01:03 PM
FHA will not grant a new mortgage to borrowers who take advantage of declining market conditions and/or purchase a new property within a reasonable commuting distance.
Borrowers who are current on their mortgage and installment debt at the time of the short sale and the proceeds from the short serve as payment in full are eligible for a new FHA mortgage.
Borrowers who are in default of their mortgage at the time of short sale are not eligible for a new FHA insured mortgage for three years from the date of the pre-foreclosure sale. Lenders may make some exceptions … (0 comments)
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Dec 18th Market Update - 12/18/09 11:22 AM
Fabulous Friday Morning to all,
No economic news today. Yesterday MBS had a great day. Short term lock the gains, closing after the new year...float carefully.
Today's Charts
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great weekend!
… (0 comments)
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Market Alert Zooming up - 12/17/09 02:06 PM
Quick market snapshot. We are zooming way up. Stocks are correcting down 100pts.
Enjoy the rally.
Charts
Have a wonderful afternoon!
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Dec17th Market Update - 12/17/09 09:40 AM
Thundering Thursday to all,
Great initial rally..........but starting to give up opening gains. Unemployment jumped back up. New stimulus directed towards jobs and small business.
If you float be careful, I would lean towards locking in the mornings gains............we are still in a choppy market.
Today's charts
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
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Dec 16th Market Update - 12/16/09 10:09 AM
Wonderful Weds Morning to all,
Wonderful Weds To all,
Nice morning rally........be very careful morning gains can quickly reverse depending on the FED's outlook. If the FED mentions purchasing more MBS a possible rally could take place.
We are currently up 13bps ..........float very carefully! CPI indicated inflation no issue.
This morning charts
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
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Life offers so many positive avenues if we SHIFT……… - 12/15/09 11:20 PM
This is too cute and really reinforced community/ parental involvement in our schools which is crucial.
I have helped with the Reading Naturally Program at Matthew Turner Elementary School in Benicia for the last three years. Early mornings fit scheduling and it's 1 hr twice a week this year. Good times with the children, helping with reading fluency, speed, and comprehension.
This morning however completely SHIFTED my thoughts!
One of the children had hand written a note of thanks. Low light and aging eyes didn't quite allow me to comprehend the message she was conveying.......
So here it is.....
Thank-you for helping … (2 comments)
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Dec15th Market Update - One of my Read Naturally Grads made my week! - 12/15/09 12:20 PM
Terrific Tuesday Morning to all,
PPI come in much higher than expected this morning. Wells Fargo announced they would be re-paying TARP funds. The positive economic news, and auctions last week have led to downward trends. There is room for improvement I would carefully float today, BUT if we drop below 97.5 on the 4% coupon lock.
Today's charts
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
One of my Read Naturally Grads really made my day. Along with several other children she had made HUGE strides with her reading skills and was graduated last week. Lordy what determination and drive. This morning she … (0 comments)
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Dec14th Market Update - 12/14/09 09:49 AM
Marvelous Monday Morning to all,
No economic news today-but jam packed for the rest of the week. Carefully float today, sideways trading is expected. Dubai received a 10b infusion which has helped ease fears. Citi is repaying Tarp funds.
Be ready to lock if we approach 1st line of support.
Keep in mind MBS will be reacting well before the FED announces any rate hikes. The FED has been tapering off purchases.....
Today's charts
Charting detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Make it a Great Day!
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ALL I want for Christmas is my New Home - 12/13/09 12:57 AM
Preparing for Your Home Loan
Contrary to the doom and gloom presented to us YES you can get a loan.
What is required?
#1 Very positive attitude- competition is fierce in some regions: You need to be prepared for
A: More than 1or 2 offers
B: Best and highest offers in tight inventory markets
C: A great Realtor who over communicates and has your best interests in mind
D: A lender who has your best interest in mind
#2 A Mortgage Plan
A: This should include short and long term goals with savings included
B: Complete understanding of your loan options … (4 comments)
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Benicia High’s 2009 Winter Dance Show- Polar Opposites - 12/11/09 12:46 PM
Polar Opposites
Last night the Benicia High Schools Advanced Dance Team performed the 2009 Winter Show.
The lights dimmed..................and all was still ........ Mrs. Mani -Benicia High Schools Advanced Dance Teacher welcomed all who attended warmly.
Mrs. Mani was proudly showing off the Advanced Dance Team's sweats for this year.........OH our youngest dancer designed the logo for the team this year!
Well guess who that was.........? Was I proud? You BET!
The performance soon started..........the talent and ingenuity, creativity displayed was well beyond any of my expectations.
The audience was spell bound with the content of the entire show.
What was … (0 comments)
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Dec11th Market Update - 12/11/09 11:09 AM
Fantastic Friday to all,
Ugly day for bond's. Retail sales were up. Import prices were up. We opened much lower than were we closed yesterday. Economic news has been positive which shows positive recovery= bad news for bonds.
New trading range is yet to be defined. We have dropped below all our daily moving averages OUCH!
I will update with quick tweets as the day unwinds. MBSTRKR4U
Today's charts
Charts in detail below.
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great weekend!
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Dec10th Market Update - 12/10/09 11:06 AM
Terrific Thursday to all,
Today's 30yr auction will move us either up or down, be careful. Initial un-employment filing are slightly up, Foreclosure filings are down (short sales).
Choppy trading is likely today with both stocks and bonds. We opened lower than we closed yesterday however there is room to improve. Carefully float but be ready to lock........ MBS are down and not looking pretty at the present.
Today" s charts
Charting detailed is below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
… (0 comments)
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An Amazing Appraisal Success Story - 12/09/09 03:26 PM
As the competition for properties heats up, more than a few listing agents are finding that it's difficult to get a full-price appraisal on their listings, particularly through companies that are using national appraisal firms for their valuations. Cherry Creek has an answer to your appraisal problem.
Cherry Creek recently scored a huge success for an agent's listing recently. The property had had several offers but one came in well above the asking price. The contract stated that the FHA buyers were preapproved through a large bank that has been spotlighted in the news recently specifically for their low appraisals. … (2 comments)
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Dec9th Market Update - 12/09/09 11:04 AM
Wonderful Weds Morning to all,
Wholesale inventories were up slightly. The FED announced they would extend TARP for 10 months with target towards small business and foreclosure mitigation......we will see what the details are later.
Carefully float we might see some gains today. Sideways trading is most likely.
Today's charts
Charts in detail below.
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
… (2 comments)
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Veterans in San Francisco LOVE Sally Rosenman WHY? - 12/08/09 11:15 PM
Sally Rosenman is the #1 Veterans Realtor in San Francisco because of her dedication and knowledge of VA purchases. Sally always puts Veterans (or any clients) needs first. Sally can easily show Veterans how to purchase up to a 1m home or condo with less down-payment and superb interest rates.
Sally will quickly check if the condo or PUD is VA approved so you are not wasting time looking at properties which are not VA approved.
Sally can even assist you even if you are looking for a 2-4 unit property, and factor in rental income to ensure a complete financial picture … (0 comments)
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Dec8th Market Update - 12/08/09 09:52 AM
Terrific Tuesday to all,
Yesterday the Fed dispelled fears of raising rates for the near future. We opened with a gap up........and we are back in the danger zone again. Stocks have retreated for now but after the President's speech stocks might rally putting pressure on bonds. Lock with the gap up.
Today's update is here
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day!
… (0 comments)
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Dec 7th Market Update - 12/07/09 09:58 AM
Marvelous Monday Morning to all,
Today a flight to safety -bonds. The current rally might close the gap we opened Friday............but be careful consumer credit when released may cause us to give back some gains later today. Whispers of the FED possibly raising rates 1st quarter of 2010.... Today's update is here.
Charting information
http://mortgagecoach.utipu.com/app/invited/id/a17d20
Have a great day
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Multiple Offers: FHA, Cash, and VA which should I accept? - 12/05/09 10:40 PM
You just received seven offers, live in California and listed your home for 400k.
One cash offer, two conventional, three FHA, one VA offer.
Cash offer is low by 15k but can close quickly, no appraisal.
One conventional offer was 10k over listing price 10% down (mid-score for buyer 680 your Realtor discovers after calling the lender). The 2nd conventional offer was 20% down 8k over listing price.
Two of the three FHA offers were over listing price by 8k, not asking for closing costs, the third FHA was 12k over listing price asking 3% for buyers closing costs.
The VA … (0 comments)
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Dec 4th Market Update - 12/04/09 12:03 PM
Fabulous Friday to all,
MBS (mortgage backed securities) opened up with another gap down. We have gone from ignoring economic news (Thanksgiving Week) to being hypersensitive to any news. Be very cautious today. Currently we have a rally but it might be very short lived. Short term grab and lock with the rally. If we can bridge the huge gap....we might settle into yesterday's trading range. The market is very choppy! Another sell off is possible... depends on the speeches from the FED.
Today's charts are here.
Information on charts is here.
Positive thoughts for a solid rally to bridge the … (2 comments)
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Realtor of the Month Benicia 2009 - 12/03/09 02:44 PM
December 2009 Realtor of the Month
December brings us Christmas. A very special holiday and it is my pleasure to announce Irma Ward with Prudential California Realty Benicia as the REALTOR of the month.
Irma is your go to person if you are looking to sell or purchase a home in either Solano or Contra Costa counties. Irma is a Short Sale Expert, REO specialist and the head of the Prudential Benicia Marketing Department.
Thinking of selling your home? You need to call Irma 707-373-8160. Irma isn't looking to just list your home she will SELL and market your home quickly. … (0 comments)
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Dec 3 Market Update - 12/03/09 12:21 PM
Terrific Thursday to all,
Today will bring choppy trading with Mortgage Backed Securities be very careful. A new trading range is yet to be defined. The Beige Book reported recovery and a rosy outlook for the economy in most parts of the country. Current inventory in Contra Costa and Solano counties is very limited, especially Walnut Creek, Benicia and neighboring cities. Be creative with your offers so they stand out.
Information on MBS today is available here
Charting explained is available here
Have a great day!
… (0 comments)
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OPERATION RECOVERY has just been launched - 12/03/09 12:07 AM
OPERATION RECOVERY is Launched
The wonderful rally with interest rates we had with Thanksgiving Week has given back some gains. Early word from the FED was things were looking better and possibly hiking up rates due to signs of recovery being seen. MBS (mortgage backed securities) doesn't like even whispers of the FED hiking rates. Thus the drop from the current rally with MBS which we just experienced during Thanksgiving Week. Ok we have high en-employment, commercial real estate has been heading for MASSIVE issues, and pretty much just green shoots are being seen after a long COLD WINTER. Simply meaning … (2 comments)
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Special Alert with MBS - 12/01/09 02:12 PM
Special Alert
MBS are falling we are off 50bps at this point. Yesterday looks like it was the high for the latest rally with bonds.
Charts in detail here
Happy thoughts to bounce of the 10day and recover!
Have a great day!
… (2 comments)
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Tuesday Market Update - 12/01/09 12:22 PM
Terrific Tuesday to all,
Did we reach the peak yesterday? We opened lower than we closed yesterday and currently are down 22bps with MBS (mortgage backed securities) Pending home sales were way up, new construction spending was up. AIG is repaying some of their loans, Dubai concerns have been eased. Wall ST is enjoying the news and up at the present time. We might be settling into a new trading range, float very carefully. We are still way above the 30 day moving average.
Morning market snapshot click here
More information on the charts click here
Have a great day!
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