Ron Brown's Blog
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ARCHIVED BLOG POSTS
2008
2
Comments
Once again US Stocks are in a seesaw day without any driving force one way or the other. Mortgage Bonds have traded in a tight range throughout the day very near yesterday's closing number. Stocks began the day mixed, then turned positive for the majority of the day so far. Official news that...
07/10/2008
0
Comments
US Stocks came out of the gate strong with the Dow up as much as 150 points early, but are now negative. Mortgage Bonds have been positive, building steadily on yesterday's finish. Wall Street looked to be in a position to post solid gains at the opening, as better than expected earnings from...
07/09/2008
1
Comments
US Stocks are off to a shaky start as they search for direction between the Bulls, and the Bears. Mortgage Bonds have broken through overhead pricing resistance, and are trading above yesterday's high point. Stocks have made a couple of u-turns already today; initially gaining ground, turning ne...
07/08/2008
0
Comments
After beginning the day up by nearly 100 points, the Dow is now leading all 3 indexes significantly lower. Mortgage Bonds responded to the initial Stock rally by losing almost 50bp, but have swung back to initial price levels as Stocks falter. The US Stock Market took off this morning on the n...
07/07/2008
0
Comments
As has become our family custom, we headed over to Crystal Ridge to visit my in laws, and enjoy the neighborhood's unoffical fireworks display/competition for the 4th of July. We were a bit apprehensive this year as much of the local TV news had been focused on how tight the economy was, and the...
07/05/2008
2
Comments
I never like to give out "average" mortgage rates since there are literally dozens of variables that can effect the rate for an individual's loan. However, I get a minimum of 2 to 3 requests per day from realtors who "need to know" what to tell their client when the subject comes up. The first ...
07/03/2008
2
Comments
US Stocks have turned positive on the day, and are pushing higher on "not as bad as it could be" economic news. Mortgage Bonds are down, struggling to maintain pricing at technical support levels. US Stock Markets close at 1 PM EDT for the holiday, and trading has been fairly volatile so far. ...
07/03/2008
0
Comments
US stocks began the day building on yesterday's strong finish, but are now down across the board. Mortgage Bonds responded well to lower than expected jobs numbers, but have also retreated. Stocks were in the black for the first couple hours of trading, despite the ADP employment report showin...
07/02/2008
0
Comments
US Stocks are once again moving lower, and we are now "officially" in a Bear Market (a 20% decline within 12 months). Mortgage Bonds are down after early gains, currently trading at unchanged levels. Stocks began the day under continued heavy selling pressure, but got a bit of a reprieve when ...
07/01/2008
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The views, and opinions expressed here represent the personal views, and opinions of Ron Brown. They are not necessarily the views of First Mortgage Company, and should not be construed as being so. They are for informative purposes only, and any persons reading them are encouraged to research there current relevance, and timeliness before taking any action.