benicia home loans: Jan 29th Late Mortgage Market Update
- 01/29/10 02:19 PM
Fabulous Fri evening, GDP came in much higher than expectations 5.7%. Consumer confidence was higher also. The market was expected to sell off with such positive news. W-St was very wary of the past two weeks reports. Market emotion was could 2010 maintain the growth seen last two quarters? Quick snapshot. Late update due to computer hard drive breaking when I finished recording the morning update, OUCH! New computer time! Have a great weekend! … (2 comments)
benicia home loans: Jan 28th Mortgage Market Update
- 01/28/10 03:24 AM
Terrific Thursday to all, Moring news: Durable goods showed a slight increase .03 but lower than expectations of 2.1 Continuing jobless claims slightly higher than expected, same with initial jobless claims. We are at the bottom of our trading range, be very careful! GDP released tomorrow will shift the market hard either positive or negative. Today's market snapshot. Have a great day! … (0 comments)
benicia home loans: MBS Alert Jan 27th FED Meeting
- 01/27/10 05:54 AM
The FED will evaluate the markets but is continuing to wind down MBS purchases. The FED will hold rates 0-1/4%. The FNMA 4.5% bond coupon has fallen below 100 day moving average and moving down. 10 yr Treasury looks like a Gravestone Doji now which could be calling the top the market. Two days ago same candlestick pattern as above. Advise locking! The FED in-light of improving financial markets will be closing - Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1. With GDP … (0 comments)
benicia home loans: Jan 27th Mortgage Market Update
- 01/27/10 01:57 AM
Wonderful Weds Morning to all, Nice morning rally...........but be extremely careful! The FED announcement later today can quickly shift the markets! New home sales down 7.6% (a 9 month low) Global concerns with down grading China and Japan ratings from Standard & Poor! Today's market snapshot Have a Great Day! … (0 comments)
benicia home loans: Jan 26th Mortgage Market Update
- 01/26/10 01:57 AM
Terrific Tuesday to all, MBS opened with a jump up this morning. Driving the market is concerns with Japan, UK and China. Home prices dropped for the 1st time in 7 months. W-ST has concerns if the expected earnings for 2010 can actually be delivered. Float carefully as W-ST will be trying to recover losses from last week. Today's Market snapshot. Have a great day! … (0 comments)
benicia home loans: Jan 25th Mortgage Market Update
- 01/25/10 01:55 AM
Magnificent Monday morning to all. This morning we opened lower than Friday's close, however existing home sales were down 16.7% float carefully into the afternoon. Wall St is attempting to rally after last week's Weds-Fri sell off. Today's market snapshot. Have a great day!
… (0 comments)
benicia home loans: Friday Mortgage Market Update
- 01/22/10 03:03 AM
Fabulous Friday to all, Bias to lock Wall St trying to recover from yesterdays sell off and better earnings reported today. Today's Market Snapshot Have a great weekend! … (0 comments)
benicia home loans: Jan 1st Mortgage Market Update
- 01/21/10 03:30 AM
Terrific Thursday to all, Strong rally today, Philly FED manufacturing, continued jobless claims and fears of China helping our rally. However be careful we are breaching resistance levels if we can close above them that would be great! Today's snapshot Have a great day! … (0 comments)
benicia home loans: Jan 20th Mortgage Market Update
- 01/20/10 03:10 AM
Wonderful Weds Morning to all, Strong morning opening fueled by the core rate of inflation being flat, and loan losses with banks. Housing starts were down but building permits were up. The FED will be speaking this afternoon that we need to watch. FHA new guidelines are also due out today! This morning's market snapshot Have a great day! … (0 comments)
benicia home loans: Jan 19th Mortgage Market Update
- 01/19/10 02:56 AM
Thundering Tuesday to all, No earth shaking economic news today. CITI reported big losses.......other Banks 4th quarter reports are due out this week. I would be running to bonds ahead of the other financial institutions reports..........BONDS= Safety! I would carefully float today... let's see if we can maintain the gains we saw on Friday. This morning's snapshot
Have a Fabulous Day! … (0 comments)
benicia home loans: Mortgage Market Alert and Update
- 01/16/10 05:32 AM
Mortgage Market Alert and Update Mortgage Backed Securities had a very good day Friday. Word of caution: If you are closing within a short time frame might consider locking over the weekend, or Mon. Patterns which lead to the heads up! 10yr Treasury Thursday spinning top -the market was undecided (battle of the bears and bulls) 10yr Treasury Friday shooting star - Tues could open lower & close the gap up we opened with Friday- trend reversal indicator GNMA - same pattern as 10yr Treasury both days & above ALL daily moving averages again- trend reversal indicator (FHA Loans) FNMA Thursday spinning top … (0 comments)
benicia home loans: Home- Path Fannie Mae Owned Homes Check it out
- 01/15/10 08:07 AM
Loan Program Home Path What is Home Path Fannie Mae Owned Homes Key Points #1 No Mortgage Insurance #2 Primary Residence & Open to Investors & 2nd Homes (restrictions apply) #3 No Appraisal #4 Seller concessions up to 6% Investors max 2% #5 LTV to 97% and below restrictions apply (97% LTV only for Primary Residences) A: Investment Properties LTV 85% (no secondary financing) 1Unit B: 2nd Homes LTV 90% (no secondary financing) For more details and restrictions please call. Homes Available Solano County Homes Available Contra Costa County Homes Available Napa County Homes Available Eldorado County Homes Available Alameda County … (0 comments)
benicia home loans: Jan 15th Mortgage Market Trends
- 01/15/10 01:58 AM
Fantastic Friday to all, Great morning opening with bonds. CPI came in at .01 vs 02 projected this measures inflation Good for bonds NY manufacturing was up 15.92 vs 11.40 expected Pressure for bonds Consumer Sentiment 72.0 vs 74.0 expected Good for Bonds Industrial production .06 vs .06 expected Enjoy the morning gains, be aware we have breached the 200 day moving average which will be tough to stay above. A new trading range? We have broken out of prior trading range so be careful. Today's snapshot
Have a great weekend! … (0 comments)
benicia home loans: The NEW GFE Good Faith Estimate 2010
- 01/14/10 08:23 AM
The NEW GFE Good Faith Estimate 2010 Jan 1st 2010 brings many POSITIVE changes to the lending world. What do you need to know and how do you read and shop lenders with the new GOOD FAITH ESTIMATE? Let's cut through the confusion! 1st turn off your cell 2nd close your eyes and take a minute to clear your mind 3rd watch this video Great now you have the knowledge of what to expect with 2010's Good Faith Estimate! Change is inevitable! We either change or watch as life changes around us! Regardless if you are a 1st time buyer or … (0 comments)
benicia home loans: Jan 14th Mortgage Market Update
- 01/14/10 02:06 AM
Terrific Thursday morning to all, Auction jitters........... All news points to rates improving: Retail sales down, new filings for un-employment were up, business inventories down. However we opened up and have since trended down. The auction will pivot us today. If the auction goes well we should see improvement later today. The last two auctions have been well received. Today's snapshot
Charting in detail below.
http://mortgagecoach.utipu.com/app/invited/id/a17d20 I thought the 2000 jars of honey shipped to Wall St would have keep the bears busy..............might need to double the # Have a great day! … (0 comments)
benicia home loans: Beige Book and MBS
- 01/13/10 05:51 AM
The Beige Book report; While economic activity remained at low levels some conditions have improved. Some consumer spending is up still below 07 levels. Retail inventories remain low in most areas. Toward the end of 09 home sales increased especially in the lower priced homes, as we all know.
Commercial real estate is still a concern with rising vacancies and lower rents.
Consumer spending was modestly better, however consumers are very picky and price conscious.
Manufacturing is this mixed amongst the districts, some showing signs of improvement.
Real estate shows home prices have changed little over all … (0 comments)
benicia home loans: Jan 13th Market Update
- 01/13/10 02:04 AM
Wonderful Weds Morning to all, Today we will watch the Beige book and the 10yr Treasury auction closely, both will direct the market one way or the other. Depends on your stomach, lock early before both are released or float into the reports! We are at the top of current trading range FYI. Today's snapshot
Charting in detail below.
http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great day! … (0 comments)
benicia home loans: Jan 12th Market Update
- 01/12/10 01:57 AM
Terrific Tues Morning to all, Two Fed speeches today: Fed Fisher speaks about the role of the FED and the economy, Plosser on the economic outlook. Either speech can sway the market. Consumer confidence is due out later: If the numbers show a huge improvement that can also lead to a correction. Be cautious float carefully this morning. Today's market snapshot
Charting in detail below
http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great day! … (0 comments)
benicia home loans: Jan 11th Market Update
- 01/11/10 01:58 AM
Marvelous Monday Morning to all, No economic news today. Atlanta Fed Lockhart will be speaking about the our economic outlook at 12:45. Remember when the FED speaks it can shift the markets swiftly. We opened up today, float carefully. Today's snapshot
Charting in detail below.
http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great day! … (0 comments)
benicia home loans: Where interest rates are heading……………..!
- 01/10/10 08:54 AM
Where interest rates are heading.................! What does the future hold in store for us with interest rates? The Fed will stop purchasing MBS (Mortgage Backed Securities) in March. The impact on interest rates and bonds is quickly coming. Rates will go up! The Fed has been purchasing MBS holding rates down, once the FED stops rates will go up. To see the impact on bonds with the Fed purchasing MBS and ending the purchases of MBS watch this quick video. If you are planning on purchasing a home or waiting to re-finance you need move quickly. If you are planning on … (2 comments)
My blog has daily updates with MBS (Mortgage Backed Securities) as this combined with current economic news is what drives interest rates.
Good economic news usually is bad for bonds = higher interest rates
Bad economic news is normally good for bonds= lower interest rates
The bond market and stock market are both active while the markets are open. Investors are either investing in Wall St or running to the safety of bonds depending on market emotion, and current economic news.
Economic news that affects both Wall St and MBS (bonds) are jobs reports, manufacturing data, GDP (Gross Domestic Product), housing starts, corporate earnings/ outlook, and inflation to name a few.
The higher bonds are = the lower interest rates are.
Interest Rates are not included in morning updates due to the factors that affect interest rates, credit scores, location, type of property, loan to value, loan amount, ect.
My blog also features changes coming to the Real Estate Market, lending guideline changes, and tips to help address current Real Estate issues.
Videos are either hosted via You Tube or at Mortgage Coach’s Utipu account.
Let’s make a difference in our world!
I hope you enjoy!
Fabulous Fri evening,
;)
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