ARCHIVED BLOG POSTS
2013
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Generally quiet in early activity this morning in the bond and mortgage markets; trade in the stock index futures at 9:00 pointing to a better open at 9:30. In Europe stock markets are weaker, continuing to decline on the renewed debt crisis that surfaced in tiny Cyprus. In an effort to get fina...
03/19/2013
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Last Week's Mortgage Rates Recap Last week we ended the week with the same to slightly better mortgage rates than we started, and improved rebate pricing. However, every day had major volatility that greatly affected pricing when consumers locked in their interest rates. We saw swings of as much ...
03/18/2013
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Treasuries and mortgages were weaker early on better stock index trading, at 8:30 weekly jobless claims were expected to increase 10K, claims declined 10K to 332K and last week’s claims were revised frm 340K to 342K. Weekly claims for unemployment compensation have been falling for weeks now, the...
03/14/2013
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Prior to 8:30 when Feb retail sales were reported the 10 yr note at 2.00% was -2 bp and 30 yr MBSs were up 6 bp frm yesterday’s close. Retail sales for Feb was expected to be a little soft on concerns the payroll tax increase might continue slow spending seen in January. The estimate for overall ...
03/13/2013
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1643 Quiet Trail Dr. Chula Vista, CA 91915 features 4 Bedrooms and 4 bathrooms with 2928 sq ft. The front of 1643 Quiet Trail Dr. Chula Vista, CA 91915 has great curb appeal and a 3 car garage. The grounds of 1643 Quiet Trail Dr. Chula Vista, CA 91915 has a beautiful back yard with a built in fir...
03/12/2013
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Early this morning the US stock indexes were fractionally weaker while markets in Europe are mixed but with little changes frm yesterday. Treasuries and MBSs traded a little better early, but like the stock markets generally flat prior to the 9:30 open in the equity markets. The Feb NFIB optimism...
03/12/2013
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Last Week's Mortgage Rates RecapLast week saw a definitive drop below key technical market support levels, capping off with higher mortgage rates on Friday as the markets responded to the February employment report. Mortgage interest rates ended the week about .125% higher than they started. Reme...
03/11/2013
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03/09/2013
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Wow! Holy Moly Batman! This morning’s Feb employment report blew the doors off all the forecasts; it is after all the employment report that is most always a shock of some kind. The unemployment rate in Feb declined to 7.7% frm 7.9% in Jan and down 0.1% more than thought. Non-farm jobs increased...
03/08/2013
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It isn’t good for interest rate markets when the stock markets are on a rampage higher, that of course should not be news. Yesterday the DJIA made a 200 year high, this morning in early trading in futures markets the key US indexes were adding to yesterday’s gains and US interest rates are higher...
03/06/2013