interest rates: Mortgage Market Report for Wednesday May 28th, 2008 - 05/28/08 10:00 AM
Interest Rate Report for Wednesday May 28, 2008
Mortgage bonds have located a bottom at the important 200 day moving average. If this level of support is broken then this level will act as the new ceiling. It is likely that we will see some recovery if bond prices lift off … (0 comments)
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interest rates: Mortgage Market Report for Wednesday May 21st, 2008 - 05/21/08 03:32 PM
Interest Rate Report for Wednesday May 21, 2008
FOMC Minutes were released today. They forecast weak economic times ahead. The see higher inflation and higher unemployment. They project no interest rate cuts even if the economy continues to slow.Stocks pare losses - bonds move lower. Bonds slide from earlier gains on … (0 comments)
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interest rates: Interest Rate Report for Tuesday May 20th, 2008 - 05/20/08 11:16 AM
Interest Rate Report for Tuesday May 20, 2008
Mortgage Bonds lose some momentum from previous highs but are still in positive territory. Stocks in the red after hitting resistance levels yesterday.
Oil hits record $129.58 a barrel in NYMEX trading - stocks suffer. Investors flock to bonds.Home Depot posts a 66% … (1 comments)
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interest rates: Interest Rate Report for Saturday May 17th, 2008 - 05/17/08 10:28 AM
Mortgage Market Report for Saturday May 17th, 2008
The University of Michigan's Consumer Sentiment was reported at worse than expectations. This has been the worst number in 26 years.
Some better than expected news in the Housing market as Housing Starts had modest up-tick in newly constructed homes is welcomed news, … (1 comments)
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interest rates: Mortgage Market Report for Tuesday May 13th, 2008 - 05/13/08 10:44 AM
Mortgage Market Report for Tuesday May 13, 2008
A better than expected Retail Sales Report are putting a downward pressure on mortgage bonds. Confirming this were sales from Wal-Mart with a better than expected first-quarter results. But it is expected that the second quarter will not be as good due … (1 comments)
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interest rates: Mortgage Market Report for Friday May 9th, 2008 - 05/10/08 08:54 AM
Mortgage Market Report for Friday May 9, 2008
Mortgage bonds could not capitalize on the weakness in stocks. Soaring oil prices reached $126.00 per barrel. This created new concerns about inflation to close a tough week.
The mortgage lenders have been very tough on underwriting standards. Navigating these obstacles has been … (3 comments)
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interest rates: New Conforming Limit Disappointment - 05/05/08 03:16 PM
Mortgage Market Report for Monday May 5, 2008
Today Representative Barney Frank complained that the mortgage industry has done little over the past month to make higher-value loans available in costly housing markets, after Congress took steps to try to infuse more cash into the so-called jumbo market. He will hold a … (1 comments)
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interest rates: Mortgage Market Report for Monday April 28th, 2008 - 04/28/08 03:02 PM
Mortgage Market Report for Monday April 28th, 2008
This week's schedule has some of the biggest economic news of April.
On Wednesday, the Fed will release their Policy Statement and interest rate decision. For now, the Fed Fund Futures are pricing a 75% probability of a .25% cut to the Fed Funds Rate. As … (0 comments)
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interest rates: Mortgage Market Report for Thursday April 24th, 2008 - 04/24/08 12:23 PM
Mortgage Market Report for Thursday April 24, 2008
The FOMC will announce its rate decision on April 30. Economists expect a 25bp cut to bring the Fed funds rate to 2.00%.
Greg Ip, the economist said. "The Fed is concerned that further easing could aggravate rising inflation expectations as food and oil … (1 comments)
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interest rates: Mortgage Market Report for Tuesday April 22nd, 2008 - 04/22/08 09:57 AM
Mortgage Market Report for Tuesday April 22, 2008
The volatility continues this morning, on the heels of yesterday's incredibly wild session.
Yesterday Bonds were extremely volatile. Providing additional challenges for all of us attempting to navigate through these wild times, which include both enormous price swings as well as rapid directional changes in … (0 comments)
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interest rates: Mortgage Market Report for Thursday April 17th, 2008 - 04/17/08 06:04 PM
Mortgage Market Report for Thursday April 17, 2008
Today the bonds started weak and ended strong. The daily swings are wild. After an ugly open bonds received a soft jobless claims report.
The mortgage bond market spent most of the day fighting its way back from far lower levels while the stock … (0 comments)
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interest rates: Mortgage Market Report for Friday April 11th, 2008 - 04/11/08 01:22 PM
Mortgage Market Report for Friday April 11th, 2008
Trading slows for stocks and bonds as the week draws to a close. Mortgage Bonds off the highs from this morning. Stocks still underwater but trying to battle back. University of Michigan's Consumer Sentiment gives a snapshot of whether or not consumers feel like … (0 comments)
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interest rates: Mortgage Market Report for Monday April 7th, 2008 - 04/07/08 03:53 PM
Mortgage Market Report for Monday April 7th, 2008 Merrill Lynch says the worst of the credit crisis is over and Washington Mutual set to get $5 billion injection. Goldman Sachs bullish on mining stocks. . Bonds fall on the news while the optimistic attitude is spreading throughout Wall Street. However, the stock … (0 comments)
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interest rates: Mortgage Market Report for Wednesday April 2nd 2008 - 04/02/08 06:21 PM
Mortgage Market Report for Wednesday April 2, 2008
Providing market turmoil was a Congressional Joint Economic Committee hearing. Bernanke stated the economy may be headed into a brief recession during the first half of this year, but he was more optimistic about the economy over the second half of the year as … (1 comments)
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interest rates: Mortgage Market Report for Tuesday April 1st, 2008 - 04/01/08 05:47 PM
Mortgage Market Report for Tuesday April 1st, 2008
Stocks, led by the financial sector, are sharply higher on the optimistic outlook. As a result, Mortgage Bonds are being sold off.
While it is difficult to say if this the last of the bad news on sub prime, for today at least the markets … (0 comments)
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interest rates: Mortgage Market Report for Monday March 31st, 2008 - 03/31/08 11:56 AM
Mortgage Market Report for Monday March 31, 2008
Mortgage bonds are trading slightly higher today.
Housing and Urban Development Secretary Alphonso Jackson resigned Monday, amid multiple ethics investigations and criticism from top lawmakers.
Jackson said he will step down on April 18. He did not mention the allegations in his brief statement … (0 comments)
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interest rates: Mortgage Market Report for Thursday March 27th, 2008 - 03/27/08 01:39 PM
Mortgage Market Report for Thursday March 27, 2008
Bonds are testing the floor of support. The Initial Jobless Claims are were reported slightly better than last week. The four week moving averages remain at levels see prior to each of the past two recessions.
The stock prices are dictating the movement of … (0 comments)
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interest rates: Mortgage Market Report for Tuesday March 25th, 2008 - 03/25/08 11:32 AM
Mortgage Market Report for Tuesday March 25, 2008
Bonds are getting a boost as consumer confidence falls to the lowest level in 5 years. Home prices in 20 of major cities in the country were down a record 10.7% in the past year.
Stocks are falling and this pressure is helping bond … (0 comments)
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interest rates: Mortgage Market Report for Monday March 24th, 2008 - 03/24/08 02:51 PM
Mortgage Market Report for Monday March 24, 2008
The stock market is buoyed by the Bear Stearns stock price that is looking like it will sell for $10.00 per share not the initial $2.00 price that has been offered by JPMorgan. This is a great boost to the financial sector.
Some news … (0 comments)
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interest rates: Mortgage Market Report for Thursday March 20th, 2008 - 03/20/08 02:25 PM
Mortgage Market Report for March 20th 2008
The bond market closes early today at 2PM eastern time and is closed tomorrow in observance of Good Friday. Gold dropped to $919 per ounce down from the record of $1032. The biggest weekly drop in 25 years. Stocks rebounded after yesterdays sell off and … (0 comments)
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