Bryan Flynn's Central Massachusetts Mortgage Blog

Mortgage and Lending - Regency Mortgage Corporation - NMLS #16825
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Bonds had a nice rally yesterday and closed above a key level of resistance.  In order for confirmation of a technical break through the next trading day needs open above that as well......well bonds did not and they have given back 70% of yesterday's gains already.  The headline number of durabl...
Mortgage Bonds have traded lowered for 4th straight session today losing just shy of 200 basis points over that period.  To get a rate quoted on Monday a client would now have to pay 2 points on their loan if they did not lock and wanted that , that is scary. No economic news out this morning; mo...
   CPI was hotter than expected which is inflationary and bad for mortgage bonds. CPI was estimated at .7% and came in at 1.1% year or year is 5%   Core CPI, ex -food and -engergy,  was estimated at .2% and came in at .3% year or year it is 2.4% It is the biggest CPI jump in a single month since ...
Another crazy day in this economy....the PPI was hotter than expected this morning which means inflation and the Retail Sales number missed.  The core PPI which takes out food and energy was slightly better than expected which is some positive upside, but really food and energy is an obvious conc...
The Crisis of Confidence....that's probably the best way to describe it.  Friday was a crazy day in the financial markets being headlined by the potential failure of the government sponsors agencies (GSEs), Fannie Mae and Freddie Mac.  At the start of Friday it was reported the government could t...
Bonds have been on a wild ride this week trading significantly lower until a sharp turn around Monday afternoon followed by a big rally yesterday, opening at their low and closing just off their high.  The 30 year fixed rate is at it's best level in just over a month.  Bonds and stocks both finis...

Bryan Flynn

Central Mass and Worcester Mortgages
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