hemet refi loans mortgage purchase: Mortgage Rate Update for the week of December 1, 2008
- 12/01/08 09:39 AM
Here is the Mortgage Rate Update for the week of December 1, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK I hope you enjoyed a wonderful Thanksgiving weekend with friends and family. I certainly have much to be thankful for, including many wonderful clients and friends like you. Last week was a big week for mortgage bonds and therefore mortgage rates. The Federal Reserve announced that they will now buy billions of dollars of mortgage back securities from the GSE's like Fannie Mae, Freddie Mac and Gennie Mae. This moved mortgage bonds higher and mortgage rates lower. … (0 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of October 13, 2008
- 10/13/08 07:45 AM
Here is the Mortgage Market Update for the week of October 13, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK Last week was a historic in all of the financial markets. The volatility in the stock and bond markets charts look like a roller coaster at Magic Mountain. The Government tried to support the markets with many measures. They passed the $700 Billion Rescue bill and the Federal Reserve announced plans to purchase short -term commercial paper to help business finance there day-to-day operation and they cut the Fed Funds Rate on Wednesday. This was not a … (0 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of September 15, 2008
- 09/15/08 07:57 AM
Here is the Mortgage Market Update for the week of September 15, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK Last week mortgage bonds ended the week on higher than when the week began which helped mortgage rates. The big news of the week was the Federal Government moving to support Fannie Mae and Freddie Mac, this move alone caused bonds and home loan rates to improve significantly. Tame reads of inflation also helped bonds and moorage rates as well. Import prices declined for the first time since December being helped by the recent drop in oil … (0 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of September 8, 2008
- 09/08/08 06:51 AM
Here is the Mortgage Market Update for the week of September 8, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK Last week mortgage bonds ended the week on higher than when the week began which helped mortgage rates. The big news last week was Friday's Employment Report. the jobs report showed a loss of 84,000 jobs in August and the employment numbers for June and July were revised and the amounts of jobs loss was increased. The big market mover was the rise in the unemployment rate. The unemployment rate jumped to 6.1% from 5.7% last month. … (0 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of September 1, 2008
- 09/02/08 07:45 AM
LAST WEEK Last week mortgage bonds ended the week on higher than when the week began. The week had a wide variety of economic news and reports for the market to digest. Monday and Tuesday we had a look at the housing sector with New and Existing home sales reports. The Existing home sales report showed more homes sold than expected but the inventory of unsold homes also grew to a 11.2 month supply. The New Home sales report was released on Tuesday showing an increase in sales but it was below the estimates and the unsold inventory was lower than … (1 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of August 18, 2008
- 08/18/08 07:25 AM
LAST WEEK Last week mortgage bonds ended the week were they began leaving mortgage rates nearly unchanged. The ride for bonds was not smooth. They reacted negatively early in the week due to inflation fears when crude oil shipments was halted coming out of Georgia due to the Russian bombardment of the country. Some bad economic news helped when Macy's and John Deer reported poor earnings, remember bad news usually helps bonds and mortgage rates improve. The CPI report was reported much hotter than expected showing consumer prices increase 5.6% over the last year. The bond market did not react as … (1 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of August 4, 2008
- 08/04/08 06:59 AM
LAST WEEK Last week was a good week for mortgage bonds and mortgage rates overall as they slightly improved. It was a good week thanks in part to negative economic news that was released. Second Quarter GDP was released and was worse than expected. It even revised Q4 2007 GDP to negative growth. The GDP for Q2 2008 consensus estimate was 2.3% and was reported only at a growth rate of 1.9%. The inflation measure is closely watched by the bond markets and the inflation-measuring GDP Price Index fell to an annualized rate of 1.9% and below expectations of 2.3%. The … (0 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of July 28, 2008
- 07/28/08 06:02 AM
Here is the Mortgage Market Update for the week of July 28, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK There was plenty of volatility in the bond market last week. After the horribly week the week before the market began to stabilize. The frst half of the week the bond market stayed steady despite fro Fed members speaking of increasing inflation. The bond market mounted a rebound on Thursday with a flood on negative economic news, remember when the bond market and mortgage bonds specifically increase it helps mortgage rates improve. Then Friday's news smacked the … (2 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of July 21, 2008
- 07/21/08 05:20 AM
Here is the Mortgage Market Update for the week of July 21, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK The word or threat of the week was inflation. You know the bond market hate inflation so when inflation is in the air the bond market is in trouble. That is exactly what happened last week. After Mondays news about the Fed's helping Fannie and Freddie the wave of inflationary news hit the wires. Tuesday the Producer Price Index (PPI) came it at the highest year-over-year level since 1981. That news started the bond market tumbling. Wednesday … (0 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of June 30, 2008
- 06/30/08 07:22 AM
Here is the Mortgage Market Update for the week of June 30, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK The big news last we was the action, or inaction, of the Federal Reserve. The Fed decided to leave their Fed Funds rate unchanged at 2%. The Fed is fighting between a weakening dollar and a slowing economy against ever increasing energy prices. The DOW was in a free fall last week ending the week way down as oil topped $140 per barrel. With the DOW dropping this caused some money to flow out of stocks into … (1 comments)
LAST WEEK The theme we saw last week in the market was inflation. There was a felling in the market of global inflation and it spilled into our markets. The inflation theme began Tuesday when the Consumer Confidence Report indicted that the consumer feels that inflation is a threat to their own financial situation. Wednesday the Durable Goods orders report came in hotter that expectations. On the heals of all the inflation talk pushing down the bond market … (0 comments)
hemet refi loans mortgage purchase: Market Update for the week of May 19, 2008 brought to you by Larry Iest of Hemet Mortgage
- 05/19/08 08:31 AM
LAST WEEK Last week was another volatile week in the bond market. As you know generally good news is bad news for the bond market and that is how we began the week. Tuesday retail sales came is stronger than expected and on top of that many Fed Officials were speaking on Tuesday afternoon and they were speaking about the threat of inflation. Better than expected news on the economy and the Fed Members speaking about inflation the bond market ended the day lower than it began. The tables turned on Wednesday when the Consumer Price Index was reported below expectations … (0 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of January 28, 2008
- 01/28/08 02:16 PM
Here is the Mortgage Market Update for the week of January 28, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK: Recap Last week was another volatile week for the stock and bond markets and mortgage rates. The beginning of the week we saw fireworks. The worldwide markets fell on Monday while ours were closed in observance of the Martin Luther King holiday as the fear of a US recession spread through the foreign markets. When our markets opened on Tuesday they quickly moved lower. The Federal Reserve Board held an emergency Monday night meeting and decided to reduce the … (0 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of January 14, 2008
- 01/14/08 12:28 PM
Here is the Mortgage Market Update for the week of January 14, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK: Recap Last week was another good week for mortgage rates and the bond market. The big event for the week was Federal Reserve Chairman Ben Bernanke speech on Thursday. He told the markets what they wanted to hear. He said, in so many words, the Fed recognizes there is slowing in the economy and they are willing to step in and cut rates further in needed to help the economy from sliding into a recession. In other big news … (4 comments)
hemet refi loans mortgage purchase: Mortgage Market Update for the week of December 07, 2008
- 01/07/08 06:29 AM
Here is the Mortgage Market Update for the week of December 07, 2008 brought to you by Larry Iest of Hemet Mortgage. LAST WEEK: Recap Last week was a good week for mortgage rates and the bond market. The big news for last week was Friday's employment report. The report reveled the Unemployment Rate jumped to 5.0% from 4.7% with only 18,000 jobs created for the month. The most troubling is that job growth is a leading indicator for the economic health of our economy. The jobs report was weaker than expected and remember negative economic news is generally bad for the stock … (0 comments)
Here is the Mortgage Rate Update for the week of December 1, 2008 brought to you by Larry Iest of Hemet Mortgage.;)
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