benicia home loans: Tomorrow ..............The future.......what's next?
- 01/06/10 04:13 PM
Quick update with today's close of MBS. Bearish engulfing pattern has developed. Tomorrow we have initial jobless claims est 492k and continuing jobless claims. These will move the market regardless of the technical pattern mentioned above. Techs suggest another correction especially if the two reports come in better than expected. With the release of the Fed minutes well softly skirted and rosy over tones. So............................ Let's get realistic or should we? The current market reminds me of rides up Mt Diablo especially after hard rains. It's muddy, sticky and slow and cold on the approach to climb. You try and pick … (1 comments)
benicia home loans: Dec30th Market Update
- 12/30/09 04:10 AM
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)
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!
Quick update with today's close of MBS. Bearish engulfing pattern has developed. Tomorrow we have initial jobless claims est 492k and continuing jobless claims. These will move the market regardless of the technical pattern mentioned above. Techs suggest another correction especially if the two reports come in better than expected.
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