moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 12/07/07 05:33 AM
Tuesday's bond market has opened in negative with no relevant economic news scheduled for release today. The stock markets are showing losses with the Dow down 36 points and the Nasdaq down 12 points. The bond market is currently down 6/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point.Tomorrow morn ing brings us the release of two reports to be concerned with. The first is the release of the revised 3rd Quarter Productivity report. This index is expected to show an upward revision from the preliminary reading of worker productivity. Higher levels of … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 11/30/07 07:20 AM
Tuesday's bond market has opened down sharply, reversing yesterday's major rally that came during late afternoon trading. Today's economic news was weaker than expected, but has failed to stop the selling in bonds and buying in stocks. After closing down 237 points and 55 points respectively yesterday, the Dow and Nasdaq have recovered a good portion of those l osses this morning. The Dow is currently up 168 points while the Nasdaq has gained 36 points. The bond market is currently down 28/32 after closing up 43/32 yesterday. But due to yesterday's rally, I am expecting to see a slight improvement … (0 comments)
Tuesday's bond market has opened in negative territory following early stock strength. The stock markets are rebounding form yesterday's losses with the Dow currently up 104 points while the Nasdaq has gained 31 points. The bond market is currently down 11/32, which will likely keep this morning's mortgage rates near yesterday's levels. Strength in bonds late y esterday prevented an increase in this morning's rates. The first report of the week was October's Housing Starts that was posted early this morning. It showed an increase in starts of new homes of 3.0%, exceeding forecasts of a 1.5% decline. This is somewhat … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 11/06/07 10:13 AM
Tuesday's bond market has opened in negative territory following early stock gains. The stock markets are in positive territory with the Dow up 50 points and the Nasdaq up 3 points. The bond market is currently down 11/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point.I suspect that we may see furth er pressure in bonds the next few days with little economic news scheduled. Therefore, I am holding the lock recommendations until we get an idea which direction we are heading.The first piece of data scheduled for release comes tomorrow morning with … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 10/31/07 09:40 AM
Tuesday's bond market has opened flat despite weaker than expected economic news and early stock losses. The stock markets are in negative territory with the Dow down 45 points and the Nasdaq down 3 points. The bond market is currently nearly unchanged from yesterday's closing levels, which should keep this morning's mortgage rates unchanged.The Confe rence Board said this morning that their Consumer Confidence Index (CCI) for October fell to 95.6. This was much lower than was expected and indicates that consumers felt much less confident in their own financial situations than many had thought. This is good news for bonds … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 10/25/07 09:20 AM
Tuesday's bond market has opened fairly flat as investors wait for this week's little economic news. The stock markets are showing gains after yesterday's rebound from early losses to close in positive territory. The Dow is currently up 49 points while the Nasdaq has gained 20 points. The bond market is currently down 2/32, which will likely keep this morning' s mortgage rates at yesterday's levels.There is no relevant economic news scheduled for release today. The first report is September's Existing Home Sales late tomorrow morning. This report gives us an indication of housing sector strength and mortgage credit demand. It … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 10/16/07 06:28 AM
Tuesday's bond market has opened in positive territory as stocks show another round of losses. The stock markets are again posting early weakness with the Dow down 91 points and the Nasdaq down 17 points. The bond market is currently up 6/32, which will likely improve this morning's mortgage rates by approximately .125 of a discount point.September's Industrial Production report was released mid-morning today, revealing a 0.1% rise in output at U.S. factories, mines and utilities. This matched forecasts and has not had much of an impact on the markets this morning. Tomorrow brings us three events to watch. The first … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 10/12/07 08:18 AM
Wednesday's bond market has opened down slightly despite stock weakness. The stock markets are showing sizable losses with the Dow down 82 and the Nasdaq nearly unchanged. The bond market is currently down 2/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point.There is no relevant economic data sched uled for release today. The Fed posted the minutes from their last FOMC meeting yesterday afternoon. They gave investors reason to believe that more rate cuts are coming in the near future. This led to a stock market rally late yesterday, but did not affect … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 10/02/07 12:23 PM
Tuesday's bond market has opened in positive territory as yesterday's buying seems to be carrying over to today. There was no relevant economic news scheduled for today, but early stock weakness is also contributing to this morning's gains. The stock markets are showing losses with the Dow down 46 points and the Nasdaq down 3 points. The bond market is currently up 8/32, which will likely improve this morning's mortgage rates by approximately .125 of a discount point over yesterday's morning rates. There is no further important economic news scheduled for release until Thursday morning. Until then, expect the stock markets … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 09/25/07 05:56 AM
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 morning's mortgage rates by approximately .125 of a discount point.The Conference Board posted their Consumer Confidence Index (CCI) for September late this morning, showing a reading of 99.8. This was much lower than the 104.5 that was expected and was the lowest reading since November 2005. That indicates that consumers were far … (0 comments)
Thursday's bond market has opened well in negative territory despite weaker than expected economic news. The stock markets are down slightly with the Dow down 12 points and the Nasdaq down 4 points. The bond market is currently down 18/32, which will likely push this morning's mortgage rates higher by approximately .250 - .375 of a discount point. The Conference Board reported a much weaker than expected reading in its Leading Economic Indicators (LEI) for August. They said that the index fell 0.6%, indicating that economic activity may slow relatively quickly during the next three to six months. This is good … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans Part 2
- 09/18/07 09:18 AM
TUESDAY AFTERNOON UPDATE:Today's FOMC meeting adjourned with an announcement of a rate cut of a half point. This move didn't come as a surprise to many analysts, but was the first reduction since June 2003. The stock markets have reacted favorably with the Dow now up 230 points and the Nasdaq up 50 points. The bond market initially tanked after the news, but has since recovered those losses to remain near this morning's level. We may see an afternoon improvement to mortgage rates if bonds can remain near their current levels.The post meeting statement indicated that the Fed was concerned about … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 09/18/07 05:59 AM
Tuesday's bond market has opened in negative territory following the release of this morning's inflation data. The stock markets are posting early gains with the Dow up 70 points and the Nasdaq up 8 points. The bond market is currently down 7/32, but I am not expecting to see much of a change in this morning's mortgage rates as lenders wait for the results of today's FOMC meeting before making significant changes.The Labor Department reported that August's Producer Price Index (PPI) fell a whopping 1.2% when it was expected to drop 0.3%. However, the core data reading rose 0.2%, exceeding forecasts … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 09/11/07 06:32 AM
Tuesday's bond market has opened in negative territory following early stock market gains. The stock markets are currently rallying with the Dow up 135 points and the Nasdaq up 25 points. The bond market is currently down 5/32, but I don't believe we will see much of a chance in this morning's mortgage rates. Today's only data was July's Goods and Services Trade Balance report that showed the U.S. trade deficit stood at $59.2 billion. This was very close to forecasts and due to the lack of attention this data gets directly by bond traders, it has not had an effect … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 09/06/07 01:43 PM
Thursday's bond market has opened down slightly following a stock market rebound. The Dow is currently up 59 points while the Nasdaq has gained 10 points. The bond market is currently down 6/32, but we will likely still see an improvement in this morning's mortgage rates of approximately .250 of a discount point due to strength in bonds late yesterday.Today's only important news was the revised 2nd Quarter Productivity numbers that showed productivity actually rose at 2.4% annual rate in the second quarter. This was a sizable upward revision from the original reading and stronger than analysts had expected. That is … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 08/28/07 07:48 AM
Tuesday's bond market has opened in positive territory following the release of this morning's economic news and early stock losses. The stock markets are showing sizable losses with the Dow down 140 points and the Nasdaq down 33 points. The bond market is currently up 7/32, which will likely improve this morning's mortgage rates slightly.The Conference Board posted this month's Consumer Confidence Index (CCI) late this morning, reporting a reading of 105.0. This was a little higher than the 104.5 that was expected but still was the largest monthly drop since September 2005. This indicates that consumers are much less confident … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 08/21/07 07:44 AM
Tuesday's bond market has opened in positive territory again as investors seek safe-haven from stock volatility. The stock markets are showing small gains with the Dow up 25 points and the Nasdaq up 10 points. The bond market is currently up 9/32, which will likely improve this morning's mortgage rates by approximately .250 of a discount point. There is no relevant economic data scheduled for release today or tomorrow. This will likely leave bonds to be driven by stock markets moves and concerns. If stocks move higher later today and tomorrow, we could see bonds suffer and mortgage rates inch higher. If … (0 comments)
moorpark interest rates: Moorpark Rate Advisory, Home Loans
- 08/16/07 05:37 PM
Thursday's bond market has opened in positive territory due mostly to early stock losses. The stock markets are reacting to more credit concerns and overseas losses with the Dow down 134 points and the Nasdaq down 22 points. The bond market is currently up 16.32, but we will still see an increase in this morning's mortgage rates of approximately .250 of a discount point.The Commerce Department reported this morning that starts of new homes fell 6.1% last month, reaching a their lowest level since January 1997. This indicates that the housing sector is still weakening, which is good news for bonds. … (0 comments)
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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