first time home buyers: Westalke Rate Advisory - 12/07/07 05:41 AM

Friday's bond market has opened well in negative territory following stronger than expected employment figures. The stock markets are showing modest losses with the Dow down 2 points and the Nasdaq down 8 points. The bond market is currently down 24/32, which will likely push this morning's mortgage rates higher by approximately .375 of a discount point over yest erday's morning rates.The Labor Department posted November's Employment data this morning, showing that the unemployment rate remained at 4.7% last month and that 94,000 new jobs were added to the economy. Analysts were expecting to see 70,000 jobs and a 0.1% up … (1 comments)

first time home buyers: Calabasas Daily Rate Advisory - Home Loans - 12/07/07 05:39 AM

Thursday's bond market has opened in negative territory yet again as the stock markets show early gains and investors await tomorrow's employment figures. Stocks are in positive territory with the Dow up 35 points and the Nasdaq up 14 points. The bond market is currently down 9/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point.There is no important news scheduled for release today. The Labor Department did post weekly unemployment claims, saying that 338,000 new claims were filed last week. Analysts were expecting to see 335,000 new claims. This was not enough of … (0 comments)

first time home buyers: Calabasas Daily Rate Advisory - Home Loans - 11/30/07 07:25 AM

Friday's bond market has opened well into negative territory, continuing its recent roller coaster ride. The stock markets are showing gains with the Dow up 125 points and the Nasdaq up 15 points. The bond market is currently down 16/32, but we will likely still see a slight improvement in rates this morning as a result of strength late yesterday.Today's only relevant data was October's Personal Income and Outlays that showed weaker then expected readings. It revealed that personal income and spending both rose 0.2% last month when income was expected to rise 0.4% and spending 0.3%. This indicates that consumers … (0 comments)

first time home buyers: Westalke Rate Advisory - 11/30/07 07:23 AM

Thursday's bond market has opened strong after yesterday's sell off pushed the benchmark yield back above 4.00%. The stock markets are in positive territory with the Dow up 55 points and the Nasdaq up 10 points. The bond market is currently up 23/32, which due to yesterday's weakness will likely improve this morning's mortgage rates by only approximately .125 o f a discount point.Today's biggest news was the first revision to the 3rd Quarter Gross Domestic Product (GDP) reading. It showed that the economy grew at an annual pace of 4.9% last quarter. This was a sizable upward revision from the … (0 comments)

first time home buyers: Calabasas Daily Rate Advisory - Home Loans - 11/02/07 10:10 AM

Friday's bond market has opened in positive territory despite the release of stronger than expected economic news. The stock markets are currently showing sizable losses with the Dow down 95 points and the Nasdaq down 9 points. The bond market is benefiting from the stock weakness again, currently up 10/32. This should improve this morning's mortgage rates by approximately .250 of a discount point.The Labor Department gave us today's key data with the release of October's Employment report. It showed that 166,000 new jobs were added, which exceeded forecasts of 80,000 by a wide margin. However, offsetting that news was a … (0 comments)

first time home buyers: Westalke Rate Advisory - 11/02/07 10:08 AM

Thursday's bond market has opened strong following significant stock losses and weaker than expected economic news. The stock markets are down sharply with the Dow losing 225 points and the Nasdaq down 42 points. Bonds are reaping the benefits as investors shift funds into safety, driving the bond market up 29/32. However, due to weakness in bonds late yest erday, this morning's mortgage rates may not show much improvement. But, if bonds can hold onto these gains, we should see downward revisions to rates later today.Today's first report was September's Personal Income and Outlays that showed a 0.4% rise in income … (0 comments)

first time home buyers: Westalke Rate Advisory - 10/25/07 09:24 AM

 
Thursday's bond market has opened fairly flat despite weaker than expected economic news. The stock markets are mixed with the Dow currently up 13 points and the Nasdaq down 5 points. The bond market is currently down 3/32, but we will still likely see a slight improvement in this morning's mortgage rates as a result of strength late yesterday.The Comme rce Department gave us today's big news with the release of September's Durable Goods Orders. Today's release revealed a drop in new orders for big-ticket items of 1.7% when it was expected to show a rise of 1.5%. This is good … (0 comments)

first time home buyers: Calabasas Daily Rate Advisory - Home Loans - 10/05/07 10:42 AM

Friday's bond market has opened down sharply following the release of this morning's Employment report. The stock markets are reacting favorably to the news with the Dow up 84 points and the Nasdaq up 35 points. The bond market is currently down 26/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point. Softening the blow to this morning's rates is strength in bonds late yesterday that prevented rates from rising by another .250 of a discount point.The Labor Department gave us this morning's news, saying that the unemployment rate rose to 4.7%, that 110,000 … (0 comments)

first time home buyers: Westalke Rate Advisory - 10/05/07 10:38 AM

Thursday's bond market has opened slightly in positive territory again following the release of weaker than expected manufacturing data. The stock markets are nearly flat with the Dow up 4 points and the Nasdaq up 3 points. The bond market is currently up 5/32, but we will likely still see a slight increase in this morning's mortgage rates due to weakness in bonds late yesterday.The Commerce Department said late this morning that new orders at U.S. factories fell 3.3% last month. This was a larger drop than was expected and indicates that the manufacturing sector is weaker than many had thought. … (0 comments)

first time home buyers: Rate cut or No Rate cut? - 08/28/07 07:52 AM
What do you think that the FOMC will do next, Rate cut or No Rate cut? Are they finally going to help the consumer directly? What's your opinion? … (2 comments)

first time home buyers: Simi Valley Home Loans - 08/24/07 07:13 AM
 
Friday's bond market has opened up slightly despite the release of stronger than expected economic news. The stock markets are showing early gains with the Dow up 38 points and the Nasdaq up 2 points. The bond market is currently up 3/32, which will likely keep this morning's mortgage rates close to yesterday's levels.The first of today's two releases came from the Commerce Department who said that new orders for durable goods rose 5.9% last month. This greatly exceeded analysts' forecasts and indicates that the manufacturing sector was stronger than thought. This is considered to be bad news for bonds, but … (0 comments)

first time home buyers: Are Mortgage Lenders Still Greedy In This Credit Crunch Time? - 08/20/07 06:28 AM
I don't know about all of you but I feel that Mortgage Lenders have made a lot of money during the last few years with the Sub Prime Boom and are still being greedy as many are closing their doors. In my opinion if many of these lenders would go through their portfolios and look at the people that have been paying there mortgages on time at their current payments that they should leave them there. If they did not adjust these loans that were only fixed for 2 or less years( I am in no means including Neg Ams in this … (2 comments)

first time home buyers: Simi Valley Home Loans - 08/20/07 05:52 AM
Monday's bond market has opened in positive territory after the stock markets have failed to build on Friday's rally. The major Dow and Nasdaq initially opened with modest gains, but have since fallen into negative territory with losses of 22 points and 5 points respectively. The bond market is currently up 10/32, which will likely improve this morning's mortgage rates by approximately .125 of a discount point.The Conference Board reported late this morning that its Leading Economic Indicators (LEI) for July rose 0.4%. This indicates that economic activity is expected to increase moderately over the next three to six months, but … (0 comments)

first time home buyers: Simi Valley Home Loans - 08/20/07 05:51 AM
Monday's bond market has opened in positive territory after the stock markets have failed to build on Friday's rally. The major Dow and Nasdaq initially opened with modest gains, but have since fallen into negative territory with losses of 22 points and 5 points respectively. The bond market is currently up 10/32, which will likely improve this morning's mortgage rates by approximately .125 of a discount point.The Conference Board reported late this morning that its Leading Economic Indicators (LEI) for July rose 0.4%. This indicates that economic activity is expected to increase moderately over the next three to six months, but … (0 comments)

first time home buyers: Simi Valley Home Loans - 08/08/07 11:41 AM
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first time home buyers: Daily Rate Advisory - 08/06/07 10:27 AM
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Paul Lefton

Simi Valley Home Loans

Simi Valley, CA

More about me…

Core Financial Soultions, Inc

Address: 4511 Alamo Street, Simi Valley, Ca, 93063

Office: (805) 306-0575

Mobile: (805) 857-8867

My blog is to give realtors and consumers information that they may not normally receive. Loan officers subscribe to many programs that give them a more in depth loom at the market.
 

 
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