Scott 's Blog

Thursday's bond market has opened in positive territory following weaker than expected economic news. None of this morning's data was considered to be highly important, so the reaction has been muted. The stock markets are nearly unchanged with the Dow up 2 points and the Nasdaq up 5 points. The ...

Wednesday's bond market has opened in negative territory despite weaker than expected economic news. The stock markets are posting sizable gains with the Dow up 80 points and the Nasdaq up 22 points. The bond market is currently down 9/32, which should push this morning's mortgage rates higher by...

Tuesday's bond market has opened in positive territory following a much weaker than expected consumer confidence reading. The stock markets are posting moderate gains again with the Dow up 17 points and the Nasdaq up 5 points. The bond market is currently up 8/32, which will likely improve this m...

This week brings us the release of seven economic reports for the bond market to digest. Three of them are considered to be of low importance and likely will have little impact on mortgage rates. With data scheduled for release each day except tomorrow, we may see an active week in the bond and m...

Friday's bond market has opened in positive territory despite stock market gains. The Dow and Nasdaq are showing solid improvements with gains of 80 points and 22 points respectively. The bond market is currently up 3/32, but we still will likely see a sizable increase in this morning's mortgage ...

Hello All,As we were talking yesterday, we found out that all though the Fed Rate Cut did not directly impact rates, the wave caused by this is hurting now. Bonds are currently down 38 basis points and we will more thank likely be seeing another mid day price change for the worst. I know this top...

Lower Fed Rate Means Opportunities on the Rise For the first time in more than four years, the Federal Reserve cut its Fed Funds Rate, which directly impacts millions of American borrowers. And while this important decision has many implications, there's still some debate among experts about what...