Mike Bjork's (mbjork) Blog

By
Mortgage and Lending - Evolve Bank & Trust - NMLS #275652

ARCHIVED BLOG POSTS

2010 

0 Comments
Light Trading today. The Market is gearing up for Thursday and Friday's Job Numbers. The ADP employment numbers were ugly and the Chicago PMI dropped slightly (even though there is still some expansion). You may find the Trading over these next few days to be emotional as there is big concern ab...
06/30/2010

0 Comments
Stock Market is down so far this morning, with the DOW down over 200 (below the 10k Mark). The Bond Market closed upward yesterday, which improved interest rates by approximately .25%. Today, it started up slightly, but is down a bit. Most of the news suggest it to remain up, but we did leave a ...
06/29/2010

0 Comments
Big News Week ahead of us (with Job Reports, Chicago PMI and ISM all be reported later this week). Currently, the Stock Market is Up and the Bond Market started the day WAY Up. Personal Income came in near estimates and Consumer Spending was Up a little bit, slightly higher than estimates. With ...
06/28/2010

0 Comments
Sorry folks, I got my dates mixed up in the video. June is flying by too quickly. The Stock Market is trading rather lightly today with mixed showings so far this morning. We had our correction in the Bond Market yesterday for no other apparent reason but to correct. The 7 Year Treasury went wel...
06/25/2010

0 Comments
Stock Market is down so far this morning. The Bond Market started the day higher (than yesterday's close), but since has closed the gap to almost the same level as yesterday's close. Initial Jobless Claims are still high. The overall Durable Goods is down because of lack of Transportation orders...
06/24/2010

0 Comments
Stock Market is Down again today because of the report on very disappointingly low numbers for New Home Sales in May, which also was revised lower for March and April. As a result, this is improving the Bond Market and Mortgage Rates. The 2 Year Treasury went very well yesterday, but there is a ...
06/23/2010

0 Comments
Stock Market is Mixed today, as the Bond Market begins trading with a large gap from yesterday's nice close. This large gap puts Mortgage Rates with better pricing today. Existing Home Sales came in much lower than expected, which leads to the economy's ability to recover. The Euro has dipped a ...
06/22/2010

0 Comments
No Releases today, but a BIG mentioning today lies with China's news to allow the Yuan flex with the US Dollar. The Stock Market loved this news this morning, but has since cooled off; which the Bond Market is improving (as a result, so are Mortgage Rates). The thought behind the Traders were th...
06/21/2010

0 Comments
Very Slow Day in the Stock Market. No Releases scheduled for today. The Stock Market has very little trading. Bonds are up a bit today. Traders may be pulling some money from Equities and parking it into the Bond Market for safe keeping, especially with the weekend ahead. We had a nice rally in ...
06/18/2010

0 Comments
The Big Day has Arrived and Mortgage Rates are Rallying on the Bond Markets pick up of additional dollars from the Stock Market. Concerns of a Recovery are brought up again with today's numbers. Initial Jobless Claims posted high numbers and the Philly Fed posted very low numbers. CPI came in at...
06/17/2010
Back to Top Recent