housing: Mortgage Market Snapshot 06-16-2011 - 06/16/11 05:33 AM
by Sigma Research
Early this morning the 10 yr note made a new low yield at 2.88% frm 2.97% at the end of yesterday on increasing concerns over Europe's debt problems headlined by Greece. The European Union's failure to contain the Greek debt crisis is sending fresh shockwaves through currencies, money markets, equities and derivatives. The cost of protecting corporate bonds soared to the highest level since January, with credit-default swaps anticipating about a 78% chance that Greece won't pay its debts. Equities declined around the world, while a measure of fear in fixed-income markets jumped the most since November. Market moves … (2 comments)

housing: Mortgage Market Snapshot 06-14-2011 - 06/14/11 05:26 AM
Market Snapshot by Sigma Research
The stock markets in Europe stronger, here this morning in pre-market trading the DJIA up 100 points at 8:45. The 10 yr note -21/32 at 3.06% and mortgage prices -13/32 (.41 bp) at 9:00. The markets were ripe for a change technically; the bond market overbought while the stock market oversold; always difficult to call it but we have mentioned it for the last few days. The equity market rally started in China when its industrial production was stronger than most were expecting.
In Europe markets were once again encouraged that the Greece debt problem may about to be completed; it has … (0 comments)

housing: Mortgage Market Snapshot 06-09-2011 - 06/09/11 06:24 AM
provided by Sigma Research
Treasuries and mortgages doing better again this morning, the stock indexes in pre-market trade were better. Weekly jobless claims at 8:30 were a little softer than expected but generally in line; +1K to 427K, last week's claims were revised from 422K to 426K. Continuing claims were down 71K to 3.676 mil. Treasuries were better prior to the claims and increased slightly after the release; by 9:00 however the 10 yr note backed off to unchanged and mortgage prices that were +3/32 at 8:00 were down 4/32 (.12 bp) on the session.
Also at 8:30 the April US … (0 comments)

 
Brad Cahoone, Mortgage Loan Expert -Real Estate Marketing Mentor (Global Home Finance Inc. NMLS ID:316441)

Brad Cahoone

Mortgage Loan Expert -Real Estate Marketing Mentor

Lewisville, TX

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Global Home Finance Inc. NMLS ID:316441

Address: 913 N Mill St, Lewisville, TX, 75057

Office: 972(724) 322-2227

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