Roxy Redenbaugh's (roxyred) Blog

Mortgage and Lending - Roxy Redenbaugh (Acceptance Capital Mortgage Corporation)



There are six relevant economic reports scheduled for release this week in addition to the minutes from the most recent Fed monetary policy meeting. With at least one piece of data being posted each day this week, it is fairly safe to assume that we will see another active week in the financial a...
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Wednesday's bond market has opened in positive territory following favorable economic data and early stock losses. The stock markets initially opened well into negative territory, but have since recovered a good portion of those earlier losses. As the major stock indexes climbed from morning lows...
The National Association of Realtors reported existing home sales fell 27.2% in July to the lowest level in 15 years, with the supply of homes rising to 12.5 months at the current pace of sales. The weak state of the housing market is of great concern as it reflects deterioration in demand, which...
For the ninth straight week, 30-year, fixed-rate mortgages set a new record low. While there was a bitmore pessimistic news about the economy, not everything was sour. Industrial Production posted afull percentage point gain last month, with manufacturing kicking back upward. Perhaps part of thed...
This week brings us the release of four reports that may influence mortgage rates, but only one of them is considered to be highly important. With no relevant auctions or speeches on tap, I suspect we will see much less movement in mortgage rates this week compared to the past couple of weeks. Th...
Wednesday's bond market has opened in positive territory, extending yesterday's late rally. The stock markets are posting sizable losses with the Dow down 184 points and the Nasdaq down 51 points. The bond market is currently up 10/32, which with yesterday's afternoon improvements should improve ...
Monday's bond market has opened flat despite modest stock gains. The stock markets are starting the week in positive territory with the Dow up 25 points and the Nasdaq up 8 points. The bond market is nearly unchanged from Friday's close, which should keep this morning's mortgage rates close to Fr...
Monday's bond market has opened in negative territory following a very strong opening in stocks and a stronger than expected piece of economic news. The stock markets are starting the month off with a rally that has the Dow up 174 points and the Nasdaq up 39 points. The bond market is currently d...

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