maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, August 25, 2008 - 08/25/08 01:22 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Other than existing home sales due out at 10 AM, there will be no major economic reports due out till tomorrow afternoon when the minutes from the most recent Fed meeting will be released.  This morning rates appear to be improving on continued fear of a failing economy and oil taking another uptick. 
Technically speaking - the FNMA 6.0% 30 year bond has bounced … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, August 22, 2008 - 08/22/08 01:35 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
The news released yesterday shouldn't have resulted in the downturn of the bond.  It's more suspected that profit taking occurred especially with bonds being overbought.  Fed chief, Ben Bernanke, will be giving a speech on financial stability, which will cause bonds to react - just depends on what the traders think they hear.
Technically speaking - the FNMA 6.0% 30 year bond has fallen … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, August 21, 2008 - 08/21/08 02:13 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Yesterday's continued woes concerning Freddie and Fannie resulted in a mini rally for bonds.  This morning Jobless Claims were less than expected (though not by very much) and the Philadelphia Fed Index came in slightly improved as well (but still in contraction mode).
Technically speaking - the FNMA 6.0% 30 year bond jumped quite nicely yesterday barreling through the 50 day moving average, though currently … (1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, August 20, 2008 - 08/20/08 01:30 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Even with yesterday's unexpected increase in PPI, bonds held their own throughout the day.  This morning good news on HP's solid earning help the pre-market stock gain.  Since then reports have come out showing Freddie Mac and Fannie Mae may still be in trouble causing earlier gains to be wiped out.
Technically speaking - the FNMA 6.0% 30 year bond held its own on the … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, August 19, 2008 - 08/19/08 12:51 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Both Building Starts and Building Permits were down from the previous month by more than 10%.  Producer Price Index (PPI) and the Core PPI both came in significantly higher.  These reports are reflecting how much oil can effect all corners of the economy.  Though Core PPI strips out energy and energy, oil is still prevalent in all that we do in production.
Technically speaking … (1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, August 18, 2008 - 08/18/08 01:42 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Today is a non report day.  Tomorrow will see several scheduled economic reports released.  This will mean bonds taking direction from stocks.  Currently stocks are showing an improvement and bonds are taking the appropriate negative action.
Technically speaking - the FNMA 6.0% 30 year bond rallied nicely on Friday breaking through the 10 and 25 day moving average.  This morning it bumped up against the … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, August 15, 2008 - 08/15/08 01:41 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Some minor reports were released this morning.  Each showed better than expected but bonds appear to be rallying anyway.  This is rather unusual since stocks are also appearing to rally on the news that oil is slipping again due to weak global economic concerns and the continue rally of the dollar.
Technically speaking - the FNMA 6.0% 30 year bond rallied nicely yesterday getting … (3 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, August 13, 2008 - 08/13/08 12:47 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Retail sales met analyst expectations this morning.  Taking the volatile auto sales, the report showed a decrease of expectations.  Good news for bonds.
Technically speaking - the FNMA 6.0% 30 year bond managed to regain some of its footing yesterday because of continued fears in the banking industry.  Bonds are closer to the oversold range which could help rates today.
I am recommending to
(1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, August 12, 2008 - 08/12/08 12:54 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
The U.S. trade gap narrowed slightly last month due to a weak dollar and greater exports.  With the "crisis" apparently over in Russia, the pressure on oil has weakened.  This could indicate a better opening for the stock market.
Technically speaking - the FNMA 6.0% 30 year bond plummeted on both monthly bond rollover and weakness in the bond market.  With bonds now back … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, August 11, 2008 - 08/11/08 02:04 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Big Economic reports will start coming out Wednesday until Friday.  For today bonds will be taking direction from stocks and oil.  Though stocks are down and oil is slightly up, bonds have drifter lower so far for the day.
Technically speaking - the FNMA 6.0% 30 year bond bumped up against the 25 day moving average and has since fallen to the 10 day … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, August 8, 2008 - 08/08/08 12:58 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Productivity came in lower than expected this morning.  Fannie Mae followed its sister company and posted a record loss for the most recent quarter.  This will put a hit on stocks as well as bonds.  When Freddie Mac reported their loss, bonds took a nose dive - expect the same today.
Technically speaking - the FNMA 6.0% 30 year bond rose up to a … (2 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, August 7, 2008 - 08/07/08 12:59 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Jobless claims came in higher than expected - highest since 2002.  This coupled with news that WalMart's earnings did not meet expectations perhaps indicate the end of the government gravy train stimulus package checks.  This coupled with oil on a rebound signals a possible turnaround to the recent decline in bonds.
Technically speaking - the FNMA 6.0% 30 year bond sank dropped to key … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, August 6, 2008 - 08/06/08 01:08 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
The Fed did as expected - kept the Fed Funds rate steady. Oil dropped below the $120 mark which resulted in the stock market rising over 300 points.  This morning Freddie Mac reported results much worse than expected as well as cutting their dividend.
Technically speaking - the FNMA 6.0% 30 year bond sank below the 10 day moving average yesterday.  Bonds are currently approaching the … (1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, August 5, 2008 - 08/05/08 12:25 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Question of the Day - What will the Fed do?  The percentages are fluctuating, the bets are coming down to the wire - my prediction (as well as many "sane" pundits) is that the Fed will keep the Federal Funds rate exactly where it is now at 2% - keeping the Prime Lending Rate at 5%. 
On the continued fear of reduced demand of … (3 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, August 4, 2008 - 08/04/08 12:42 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Big news of the week occurs early.  Today Personal Income, Personal Spending, and annual Personal Consumption were all higher than analyst expectations.  This will give a boost to stocks and a drag on bonds.  Tomorrow the Fed will conclude their 2 day meeting with a high expectation of leaving the Fed Funds rate exactly where it is.
Technically speaking - the FNMA 6.0% 30 year bond … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, August 1, 2008 - 08/01/08 12:59 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Unemployment rose to 5.7% (highest in 4 years) even though payrolls weren't as bad as expected.  Oil is apparently falling again and GM reported a $15 Billion loss.  It appears that when the Fed meets again next week, the prime lending rate will remain the same. 
Technically speaking - the FNMA 6.0% 30 year bond closed yesterday nicely above the 50 day moving average.  … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, July 31, 2008 - 07/31/08 12:49 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
The first round of high profile economic reports were released this morning.  The reports show the economy is still not doing well.  This is good news for mortgage rates.  Gross Domestic Product came in lower and Jobless Claims came in markedly higher. 
Technically speaking - the FNMA 6.0% 30 year bond blasted through the 25 day moving average this morning based on the above … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, July 30, 2008 - 07/30/08 12:53 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Tomorrow and Friday will have a spate of economic news reports coming out.  This morning ADP (the nation's "largest" payroll company reported an increase of jobs.  Though a nice widespread report it doesn't take into account many other factors. 
This morning President Bush signed the Housing Rescue Act into law. 
Technically speaking - the FNMA 6.0% 30 year bond bounced off of the 10 … (2 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, July 29, 2008 - 07/29/08 12:53 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Volatile Economic News will be released in the latter half of the week.  Yesterday stocks took a nosedive on fears of the possibility of bad banking news.  This morning stocks appear to be gaining back some ground based on Merrill Lynch's initiative to take losses on some risky investments. 
Technically speaking - the FNMA 6.0% 30 year bond rose nicely above the 10 day moving average … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, July 28, 2008 - 07/28/08 01:09 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
No news is no news.  Big reports will be coming out in the latter half of the week.  Until then bonds will be taking direction from stocks and other non economic news.
Technically speaking - the FNMA 6.0% 30 year bond fell Friday erasing Thursday's nice gains.  This morning bonds appear to be heading up (currently bumping against the 10 day moving average) with a … (0 comments)

 

Matthew Rosov

Certified Mortgage Planning Specialist

Laurel, MD

More about me…

Amerisave Mortgage Corporation

Address: 6502 Walker Branch Dr, Laurel, MD, 20707

Office: 8669(707) 283-6840

Mobile: (301) 536-2875

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