Aug 29th Mortgage and Financial Market Video Update - 08/29/08 06:42 PM
Hello Friends! Well before I forget, have an awesome Labor Day weekend! Today was ugly for stocks and bonds today. Not shocking knowing how the market responds to a short trading day going into a long holiday weekend. I can't think of the last time the market was up or positive before a long holiday weekend. Outside of the short trading day and holiday weekend, the PCE (Personal Consumption Expenditure) report came out very hot, much higher than expectations. This is the Fed's #1 report they watch to guage their response to inflationary pressures. It was outside the Fed's comfort zone … (3 comments)

August 28th Video Mortgage and Finanical Market Update - 08/28/08 03:43 PM
Hello Friends, Well this end up being a terrific day all the way around both for our economy, stocks, and mortgage backed securities. Well, mortgage rates haven't improved considerably today but over the past few weeks, we have ticked lower and we are back to rates we were able to lock back on July 14th. The GDP (gross domestic product) numbers came up in much hotter at 3.3% versus the anticipated 1.9% which is great news for our economy. The DOW is up 212 points because of this as well as a strengthening dollar and dropping oil prices. Please watch the … (2 comments)

Aug 27th Video Mortgage and Financial Market Update - 08/27/08 12:17 PM
Hello Friends! I hope you are having a wonderful Wednesday! The market had some good news hit the wires this morning with President Lockhart of the Federal Reserve in Atlanta made the statement, "the worst of inflation is soon to be behind us!" Words have meaning as we know and the traders and analysts run with these kind of bold comments. A few other pressures to strengthen stocks was the surprise of the Durable Goods Orders, skewed slightly buy the sale of large transportation vehicles but even with that factor removed, still a strong number to point toward a stabilizing economy. … (5 comments)

Video Update on Mortgage and Financial Markets, Aug 20th - 08/20/08 03:03 PM
Hello Friends! Great day for mortgage backed securities and an improvement in mortgage rates. Right now as I type, mortgage backed securities have improved in price by as much as 72 basis points. What does that mean? Yesterday the $400,000 loan you locked in costs about $2800 less in fee today then yesterday, so this is a very good thing. Or at least .125% better in interest rates on a note you could lock in. The main reason is not earth shattering, just technical factors really. I mentioned in the past moving averages that cause ceilings of resistance and floors of … (0 comments)

Daily Video for Mortgage and Financial Market Update Aug 19th - 08/19/08 03:49 PM
Hello Friends! Today was an interesting day. What should have been a huge hit to mortgage rates with a "knock it out of the park" type reading on July's Producer Price Index (PPI), I am pleasantly surprised to see traders already "pad" the market with an anticipated bad reading. The main reason this did not make mortgage rates worsen by .25%+ simply is due to the drastic drop in oil prices over the past month. With oil prices dropping and feeling the immediate impact at the gas pump, I guess the traders are comfortable enough to not let the hot PPI … (0 comments)

Video Mortgage & Financial Market update for Aug 18th - 08/18/08 11:02 AM
Good day on this Magical Monday! It has been a quiet day on the stock market so far. With no global pressures or news hitting the wires, slow trading and not much going on in stocks or MBS (mortgage backed securities). Tomorrow the Producer Price Index as well as the housing numbers are due out 530 AM Pacific time, so those could be either really good or really bad for mortgage rates, but I have a feeling the reports will not be boring regardless. Please watch the video for a detailed description of market pressures and information on OPEC and oil … (0 comments)

Video Mortgage _ Financial Market Recap for Aug 13th - 08/13/08 02:59 PM
Hello AR Friends... I hope you are having a wonderful Wednesday. The financial markets responded poorly today to poor earnings reports from companies like Deere & Co and Macy's as well as a weak retail sales report. Topped with a shortage of oil and gas reserves, it caused oil to jump $2.50 a barrel today, but still only at $115 verses $145 weeks ago. Interesting news regarding our trade defeciet and import prices. Watch the video for more details. Be Blessed! … (1 comments)

Daily Video Mortgage and Financial Market Recap for Aug 6th - 08/06/08 05:13 PM
Hello AR Team! Well thank goodness the treasury action on the 10-yr note went extremely well and foreign investors are still feeling our notes are worth investing in. Otherwise mortgage backed securities were on a quite a free fall after the Feds wording they used concerning their lack of action on raising short term rates in the coming months. Mortgage backed securities need the Feds to raise the FFR in order to bring back some value to the erosion we have seen in recent weeks to mortgage rates. When the Feds raise rates, the purpose is to battle inflation and when … (0 comments)

Video Mortgage Market update for Aug 5th, Fed Funds Rate unchanged - 08/05/08 02:11 PM
Hello AR Team! Well what could have been a big day turned out to be a non-event. Stocks are on a great rally with the DOW peaking over 300 points after the Fed announcement and still hovering there as I type. The Feds announced that they were going to leave the Fed Funds Rate at 2.0% and the Discount Window for banks to borrow at 2.25%. This is not a shocker as Fed Funds Futures had the FFR remaining unchanged at a 93% probability. The Fed did point out in their policy statement that inflation has been high and the risks … (2 comments)

Video Mortgage and Financial Market Update for Aug 4th - 08/04/08 01:26 PM
Are you having a magical Monday? I hope you are, it sounds like it is going to be a hot one in most of the states today, stay cool! Well the market didn't open slow by any means. The PCE (Personal Consumption Expenditure) came out super hot like the weather, it jumped .8% for one month, that may not mean much to you but put this in perspective, it is the worst jump in 27 years! With as much ups and downs as we have seen in our economy, anything that is the worst in 27 years can't be good. Looking … (0 comments)

Mortgage and Financial Market Recap for week ending Aug 1st - 08/01/08 05:51 PM
What a week! Surprisingly we had a pretty quiet Friday considering the reports that came out today. What is interesting is we had some huge market mover type numbers hit the wires today but there is so much speculation in the trading pits coming into these reports, traders often times "price in" bad numbers. Meaning, today it was reported that the unemployment numbers jumped to a 4 year high of 5.7%, up .2% from last month. Typically that would be a huge number to swallow but the market had already priced in a bad jobs report. Same thing for the "Big … (3 comments)

 
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Travis Neliton NMLS 283894

Beaverton, OR

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Mortgage Express NMLS ID 40831

Address: 10260 SW Greenburg Rd, Suite 830, Tigard, OR, 97223

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