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weekly mortgage rates: Market Update 06-27-2008 - 06/27/08 12:24 PM
US Stocks are currently down, off to an unsure start this Friday after falling sharply yesterday.  Mortgage Bonds are trading positively, but not in proportion to losses by Stocks.  
The Personal Consumption Expenditure (PCE) report released today shows a lower than expected rise in core inflation of 0.1%, which brings the … (2 comments)

weekly mortgage rates: Market Update 06-26-2008 - 06/26/08 12:46 PM
US Stocks are falling like a rock as the Dow has hit its lowest point of the year, down over 250 points from yesterday's modest gains.  Mortgage Bonds are trading in the black, building on a positive finish Wednesday.   
Stocks are facing extremely high selling pressure with 29 of the … (0 comments)

weekly mortgage rates: Market Update 06-25-2008 - 06/25/08 04:56 PM
US Stocks are moderately positive on the day, as Oil prices retreat due to reports of lower demand.  Mortgage Bonds have given back yesterday's gains while waiting for the Fed policy statement.   It's Fed Day, and most investors are waiting for the official release of the policy statement.  The surprise … (1 comments)

weekly mortgage rates: Market Update 06-24-2008 - 06/25/08 04:53 PM
After falling over 100 points to start the day, US Stocks have turned positive.  Mortgage Bonds are also slightly positive, but trading in a tightly constricted range.   Stocks responded negatively this morning to reports by UPS of a profit warning, and a statement from Dow Chemical that they expect to … (0 comments)

weekly mortgage rates: Market Update 06-23-2008 - 06/25/08 04:50 PM
US Stocks are down slightly to begin the day, which may have more to do with a lingering "hangover" from Friday's losses than anything else.  Mortgage Bonds are trading at basically unchanged levels from last week's closing numbers.   There is a saying that "lousy Friday's are often followed by rotten … (2 comments)

 
Loan Officer: Ron Brown FHA & VA Home Loan Specialist (First Mortgage Company of Washington)
Ron Brown FHA & VA Home Loan Specialist
Puyallup, WA
More about me…
First Mortgage Company of Washington

Office Phone: (253) 881-4699
Cell Phone: (253) 520-0000
Email Me
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.


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