market commentary: This Week’s Market Commentary - 05/16/11 04:57 PM

 
This week brings us the release of four pieces of relevant economic news in addition to the minutes from the most recent FOMC meeting.
None of the economic reports are considered to be highly important to the markets or mortgage rates, but they do carry enough significance to influence mortgage rates if they show a wide variance from forecasts.
Nothing of importance is scheduled for today, so look for the stock markets to be a major influence on bond trading and mortgage pricing. If the stock markets open the week with sizable gains, bonds will likely suffer and mortgage … (0 comments)

market commentary: This Week’s Market Commentary - 05/09/11 05:52 PM

 
There are five pieces of relevant economic data scheduled for release this week that may affect mortgage rates, in addition to two important Treasury auctions.
The four most important four reports will be posted over two days, meaning the markets will have to rely on factors other than economic news for direction several days. There is no relevant data due today or Tuesday, so expect the stock markets to help drive bond trading and mortgage rates those days.
March's Goods and Services Trade Balance report will be released early Wednesday morning. This report gives us the size of the … (1 comments)

market commentary: This Week’s Market Commentary - 05/02/11 01:37 PM

There are only four relevant economic reports scheduled for release this week, but two of them are considered to be highly important to the financial and mortgage markets. Unlike many Mondays, the week kicks off with important data being posted today. The Institute for Supply Management (ISM) will post their manufacturing index for April late this morning.
This is one of the first important economic reports released each month and gives us an indication of manufacturer sentiment. A reading above 50 means that more surveyed trade executives felt business improved during the month than those who felt it had worsened. … (0 comments)

market commentary: This Week’s Market Commentary - 04/18/11 12:25 PM

 
This holiday-shortened week is pretty light in terms of economic news scheduled for release. There are only three economic reports scheduled and none of them are considered to be highly important to the financial or mortgage markets.
Accordingly, there is a decent possibility of seeing a relatively calm week in the mortgage market, assuming that the stock markets do the same.
There is nothing of importance scheduled for release today. March's Housing Starts is the first data, coming early Tuesday morning. It gives us a measurement of housing sector strength and mortgage credit demand by tracking starts of new … (0 comments)

market commentary: This Week’s Market Commentary - 04/11/11 02:40 PM

 
This week brings us the release of seven relevant economic reports for the bond market to digest. We are also heading into corporate earnings season, which could lead to fluctuations in the stock markets.
If earnings come in lighter than estimates, the stock markets may fall, leading to an influx of funds into bonds. But if earnings and forecasts are strong, the major stock indexes may rally, pulling funds from bonds and leading to higher mortgage rates.
There is no relevant economic news scheduled for release tomorrow. The first report of the week comes Tuesday morning but it is … (0 comments)

market commentary: This Week’s Market Commentary - 04/04/11 01:55 PM

 
This week brings us the release of little relevant economic data for the markets to digest. We will, however, see the minutes from the last FOMC meeting.
There are no important monthly economic reports scheduled for release this week, so look for the stock markets to heavily influence bond trading and mortgage rates.
There is nothing of relevance scheduled for today or Tuesday morning, but Fed Chairman Bernanke will be speaking at a financial conference in Georgia tomorrow evening. Whenever he speaks, the markets pay attention and this one will be no different.
However, since the speech is at … (1 comments)

market commentary: This Week’s Market Commentary - 03/28/11 01:30 PM

This week brings us the release of five reports that are considered relevant to mortgage rates but some of the data is considered to be very important and one is arguably the single most important data we see each month.
We also have two Treasury auctions that have the potential to swing bond trading enough to change mortgage rates. There are events that are relevant to mortgage rates, or at least have the potential to be, each day of the week, so we can expect to see a fair amount of volatility in the markets and possibly mortgage rates the … (0 comments)

market commentary: This Week’s Market Commentary - 03/21/11 11:55 AM

This week brings us the release of five monthly and quarterly reports for the bond market to digest. Two of the reports can be considered much less important than the others, but with mortgage-relevant reports scheduled four out of the five days we will still likely see some movement in rates a couple days this week.
The first report of the week is February's Existing Home Sales from the National Association of Realtors late this morning. It will give us a measurement of housing sector strength and mortgage credit demand, but is usually considered to be of moderate importance to … (0 comments)

 
John Balladares (Peoples Bank)

John Balladares

San Mateo, CA

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Address: 1300 S El Camino Real, Suite 300, San Mateo, CA, 94402

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