walnut creek home loans: RATE GUARD FEB24th UPDATE
- 02/24/10 02:00 AM
Wonderful Weds morning to all, Positive start this morning...............be very careful! RATE GUARD UPDATE Watch for the FED's speeches later today! Have a great morning! … (0 comments)
walnut creek home loans: RATE GUARD FEB23rd Update
- 02/23/10 01:41 AM
Terrific Tuesday to all, YES new and improved RATE GUARD available starting FEB 23rd. RATE GUARD FEB23rd UPDATE Watch for the FED's speech later today! … (0 comments)
walnut creek home loans: FEB 22nd Market Update
- 02/22/10 02:10 AM
Marvelous Monday to all, Today is about the technical's no real economic news. W-St is see-sawing as are Treasuries. Today's market snapshot. Have a great day. … (0 comments)
walnut creek home loans: SUNDAY FEB21st Market Update- The Week Ahead-Sneak Peek at the Future
- 02/21/10 07:26 AM
The week ahead and what to expect in the near future for MBS (Mortgage Backed Securities) & rates. The Fed raised discount points for emergency funds Thursday. The FED didn't raise Fed Funds rates! Detail on what to expect in the near future! Special Sunday market report! Enjoy the rest for the weekend! … (0 comments)
walnut creek home loans: FEB 19 Mortgage Market Update & Info from the FOMC minutes
- 02/19/10 03:40 AM
Fabulous Friday Morning to all, Spooked market last two days. The Fed raised discount rate yesterday by.50, in the FED minutes they also stated they would sell some of the mortgages they currently hold. This is a shot across the bow which really spooked the markets. More details in morning snapshot. This morning video is public for future reference unlike normal morning videos which are pulled after a week. Have a great weekend! … (0 comments)
walnut creek home loans: FEB18th Mortgage Market Update MBS are in Freefall-LOCK!
- 02/18/10 03:22 AM
Terriffic Thursday to all, Advise locking ASAP MBS are in a freefall. The FED stated they would be selling mortgages they have been purchasing-no word on continuing MBS purchases. Jobless claims were up, CPI showed inflation............ Today's snapshot Have a great day! … (0 comments)
walnut creek home loans: FEB 17th Mortgage Market Update
- 02/17/10 03:17 AM
Wonderful Weds Morning to all, Housing starts were up 2.8%, Industrial production was up. Building permits were down. Market is focused again on corporate earnings, Worries on Greece have subsided for the moment. We will watch for the FED minutes as that will shift the market later today. Today's market snapshot. Have a great day! … (0 comments)
walnut creek home loans: FEB 16th Mortgage Market Update
- 02/16/10 02:00 AM
Terrific Tuesday to all, Market emotion is focused on 4th quarter earnings W-St is up 70pts. Fears of Greece , China are on the backburner for now. NY State Manufacturing Index was up 24.81 vs 17.10 expected, good for the economy-not good bond news. Up-employment taxes will be crimping new hires: Example TX paid 23.40 per worker last year now employers will be paying 64.80 per worker to bolster reserves depleted. The impact will be felt as we progress with recovery. Today's market snapshot. Have a great day! … (0 comments)
walnut creek home loans: FEB 11th Mortgage Market Update
- 02/11/10 03:45 AM
Terrific Thursday morning to all, Initial jobless claims & continuing jobless claims were both down. The 3yr & 10 yr auctions both were not as well received as the previous week. Greece concerns have eased however actual plans have yet to be revealed. Today's market snapshot Have a great day! … (0 comments)
walnut creek home loans: FEB 10th Mortgage Market Update
- 02/10/10 03:37 AM
Wonderful Weds Morning to all, We had a bond coupon rollover yesterday, new coupon opened down 38bps. Bernanke hints at raising rates, trade deficit expected at 37.7B comes in at 40,2B. Yesterday's 3yr auction wasn't received very well, today's 10yr will be closely watched. Greece is on the back burner focus is on the FED and it's exit strategies............ Be careful not bond friendly news. Today's snapshot Have a great day! … (0 comments)
walnut creek home loans: FEB 9TH Mortgage Market Update
- 02/09/10 02:08 AM
Terrific Tuesday Morning to all, Bonds opened lower than yesterday's close. Yesterday's opening and closing at 101.34 FNMA Doji warning sign(possible trend reversal). Wholesale inventories under expectations -.08 vs .05 expected this should help bonds. W-ST is up 147pts fears of Greece have been muted( actually more time was granted). Today's snapshot Have a great day! … (0 comments)
walnut creek home loans: FEB 8th Mortgage Market Update
- 02/08/10 03:36 AM
Fantastic Monday Morning to all, Market concerns with Greece should help bonds today. Be careful as we are at the top of our current trading range. Later this week we have the Trade Balance, Retail sales, and Weekly jobless claims. Today's market snapshot. Have a great day! … (0 comments)
walnut creek home loans: Feb4th Mortgage Market Update
- 02/04/10 03:46 AM
Terrific Thursday to all, The market is focused on un-employment #s. Initial claims rose above expectations, factory orders rose 1%. Somehow almost 1m lost jobs were NOT included with reports............. HUMM? The market is reacting to revised numbers, without new jobs being created the recovery will be very slow. Enjoy the rally! Today's market snapshot Have a great day! … (0 comments)
walnut creek home loans: FEB 3rd Mortgage Market Update
- 02/03/10 01:59 AM
Wonderful Weds Morning to all, Mixed job reports = mixed market emotion this morning. Challenger reporting biggest surge in losses for the last 5 months/ ADP reporting -22k vs revised Dec-61k job losses. AIG is handing out bonus's again-sure to warm everyone's heart. Today's market snapshot. Have a great day! … (0 comments)
walnut creek home loans: FEB 2nd Mortgage Market Update
- 02/02/10 04:08 AM
Terrific Tuesday to all, We opened slightly higher than yesterday's close: Pending homes sales were up slightly higher than expectations. Un-Employment in major metros was revised much higher for Dec 15% ouch. The Fed will be speaking on financial reforms which will move the market be careful. Today's snapshot Have a great day! … (0 comments)
walnut creek 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)
walnut creek 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)
walnut creek 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)
walnut creek 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)
walnut creek 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!
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!
Wonderful Weds morning to all,
;)
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