Terrific Tuesday to all,

Did we reach the peak yesterday? We opened lower than we closed yesterday and currently are down 22bps with MBS (mortgage backed securities) Pending home sales were way up, new construction spending was up. AIG is repaying some of their loans, Dubai concerns have been eased. Wall ST is enjoying the news and up at the present time. We might be settling into a new trading range, float very carefully. We are still way above the 30 day moving average.

Morning market snapshot click here

More information on the charts click here

Have a great day!

 

 

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Paul Walton CMPS (Cherry Creek Mortgage Co)

Paul Walton CMPS

Benicia, CA

More about me…

Cherry Creek Mortgage Co

Address: 4301 Hacienda Dr Ste 120, Pleasanton, Ca, 94510

Office Phone: (707) 745-1595

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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!


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