2008 930am et: Market Update - Thursday, December 18, 2008 9:30am ET - 12/18/08 12:32 AM
Current Trend Direction: Higher
Risks favor: Floating  
Current Price of FNMA 5% Bond: $101.62, -3bp
The Job Market continues to struggle. Initial Jobless Claims were reported at 554,000, near expectations, but still a bad number.  The four-week average of Claims rose 2,750 to 543,750 - the highest level since December 1982.  And the four-week average of continuing Claims rose 92,000 to 4.23 million -- the highest since January 1983.  Mortgage Bonds have had little reaction to the release.
Leading Economic Indicators and the Philadelphia Fed Index are due out a little later, but unless these reports really miss the mark … (0 comments)

2008 930am et: Market Update - Wednesday December 10, 2008 9:30am ET - 12/10/08 01:12 AM
Current Trend Direction: Sideways
Risks favor: Carefully Floating
Current Price of FNMA 5.0% Bond: $100.81 -9bp 
In light of the recent price improvement in Mortgage Bonds, we have now switched our focus to the FNMA 30-year 5% Bond.  This change is reflected on the Bond Page and text messaging.
There are no economic reports due for release today.  The ongoing disconnect between the 10-Year Note and Mortgage Bonds continues and can be seen clearly on the Bond Page.  There is a large $28B 3-year Note auction this afternoon, which could pressure the Bond market due to added supply.
Stocks are … (1 comments)

Larry Bailey (American Financial Resources, Inc.)

Larry Bailey

Parsippany, NJ

More about me…

American Financial Resources, Inc.

Address: Medford, NJ, 08055

Office: 973-712-5872

Mobile: 609-975-9182

Email Me

I entered into the Banking Industry in 1987, with the goal in mind to make sure that my Customers (Clients) always had the best information, so they could make the best decisions for themselves. 23 years later, I have not changed that mindset. I am still making sure that all of my Clients and Relationships are getting the best information available, so that I can help them make the best decisions they can. My background and work experience has focused around the Business of "Money", whether it is working for a Bank, Mortgage Broker, or Mortgage Banker. I have also created and run a National Appraisal Management Company, as well as a Title Insurance Company that serviced the needs of both Lenders and Borrowers. My strategy has always been, and still is, to know more than my Competition and, just as important, to be able to "Put My Money Where My Mouth Is". If I can ever help you with anything to do with how to borrow money or how to save the most when borrowing money, let me know. I will be more than glad to help. Contact me for more information anytime. Specialties: Best example of what I do is helping people or companies achieve their goals. As long as you know where you want to get to, I have the ability to help. I specialize in the financial services industry, but have broad reaching skills that reach across many industries.



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