Larry Iest's (larryi) Blog

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Mortgage and Lending - Hemet Mortgage
RECENT BLOG POSTS
Credit markets are frozen. What are the factors behind the credit market freeze? One of the big perpetrators is FASB 157 or mark to market accounting.   What is FASB 157? FASB 157, pronounced FAZ-BE, more commonly know as mark-to-market accounting is accounting regulation that is designed to brin...
10/13/2008
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...
10/13/2008
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 su...
09/15/2008
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 re...
09/08/2008
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 ...
09/02/2008
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 o...
08/18/2008
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. ...
08/04/2008
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 ...
07/28/2008
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 happ...
07/21/2008
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 weakeni...
06/30/2008
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Larry Iest

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