Larry Iest's (larryi) Blog

Here is the Mortgage Market Update for the week of December 10, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEK: RecapLast week ended badly for mortgage rates and the bond market. We had a great run with rates at two-year lows. The bond market did not like the jobs report last week,...

Here is the Mortgage Market Update for the week of December 3, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEK: RecapLast week was a good week for the bond market meaning it was also a good week for mortgage rates. Rates ended the week better than it began and are now at there lowes...

Here is the Mortgage Market Update for the week of November 26, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEK: RecapThe holiday shortened week, lat week brought lighter trading and some volatility. The bond market bounce all around but ended slightly higher than where it began giv...

Here is the Mortgage Market Update for the week of November 12, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEK: RecapLast week was a volatile week for the bond market and mortgage rates but in the end mortgage rates remained was they began the week. The read on consumer inflation (...

Here is the Mortgage Market Update for the week of November 12, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEK: RecapLast week was quite a volatile for the stock market. The DOW ended the week with a 600 point decline. Much of the cause for the steep decline was more sub-prime mort...

Here is the Mortgage Market Update for the week of November 5, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEK: RecapLast week was quite a volatile week packed with economic news. Lets do a quick recap. The Federal Reserve meeting ended in a .25% rate reduction to both, the Fed Fund...

Here is the Mortgage Market Update for the week of October 29, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEK: RecapLast week mortgage rates were stable with a slight improvement. There was not much in the way of economic news releases so the bond market took direction from the sto...

Here is the Mortgage Market Update for the week of October 22, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEKLast week was a good week for mortgage rates and we saw a .125 to .25% improvement in rates. The catalyst for the rate improvement was a bond market rally fueled by stock ma...

LAST WEEKLast week mortgage rates basically stayed unchanged. Mortgage bonds are hovering just below the all important 200-day moving. This trend line has served as a great support and "ceiling" for mortgage bonds. When the bond prices close above the 200-day moving average it acts as a support a...

Here is the Mortgage Market Update for the week of October 8, 2007 brought to you by Larry Iest of Hemet Mortgage.LAST WEEKLast week mortgage rates worsened on Friday after the jobs report was released ending the week about .125% higher than when it started. The Labor Department report for job cr...