thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 12/07/07 05:37 AM

Wednesday's bond market has opened in negative territory again following early stock strength and mixed economic news. The stock markets are posting strong gains with the Dow up 101 points while the Nasdaq has gained 33 points. The bond market is currently down 8/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point.The first of today's two releases gave us favorable news when the 3rd Quarter Productivity index was revised significantly higher. It showed that worker output improved at a 6.3% annual pace. This was higher than the 5.8% that was expected and much … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 11/30/07 07:22 AM

Wednesday's bond market has opened well into negative territory again despite weaker than expected economic data. The stock markets are showing strong gains again with the Dow up 175 points while the Nasdaq has gained 58 points. The bond market is currently down 16/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discou nt point.The Commerce Department said this morning that new orders for big-ticket items fell 0.4% last month when analysts had expected no change from September's levels. This indicates that the manufacturing sector was weaker than expected. Also worth noting is that this … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans Part 2 - 10/31/07 09:47 AM

WEDNESDAY'S UPDATE:Today's FOMC adjournment brought us the expected quarter point rate cut that was expected by many, but the post-meeting statement created concern about inflation. The Fed referenced the weak housing market as a contributing factor to the change in short-term interest rates, but also indicated that inflation remains an issue, particu larly with the high energy and oil prices we are currently seeing.The move and comments leads many to believe that the Fed will not make another rate cut in the near future. The stock markets have surprisingly reacted well to the news with the Dow up 131 points and … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 10/31/07 09:45 AM

Wednesday's bond market has opened in negative territory after this morning's GDP report showed a much stronger reading than was expected. The stock markets are showing early gains with the Dow up 50 points and the Nasdaq up 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.Today's release of the 3rd Quarter Gross Domestic Product (GDP) revealed a 3.9% annual pace of economic growth, exceeding forecasts of a 3.1% rate. This means that economic activity was moderately stronger than expected. However, offsetting that was good … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 10/25/07 09:22 AM

Wednesday's bond market has opened in positive territory following early stock weakness. The stock markets are showing sizable losses that are likely to get larger before the end of the day. The Dow is currently down 89 points while the Nasdaq has lost 42 points. The bond market is currently up 15/32, which will likely improve this morning's mortgage rates by approximately .250 of a discount point.The National Association of Realtors reported this morning that home resales fell over 8% last month. This was the largest monthly decline on record and indicates that the housing sector is still rapidly weakening. This … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 10/12/07 08:19 AM

Thursday's bond market has opened in negative territory following early stock market strength. The stock markets are showing gains with the Dow up 64 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.The Commerce Department reported early this morning that the trade deficit fell to $57.6 billion in August. This was much lower than expected, but since this data is not considered to be of high importance to the bond market, its results have not influenced trading or mortgage rates this … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 10/03/07 08:42 AM

Wednesday's bond market has opened slightly in positive territory after the stock markets showed early weakness. The stock markets are posting losses with the Dow down 49 points and the Nasdaq down 12 points. The bond market is currently up 4/32, which with strength later yesterday should improve this morning's mortgage rates by approximately .125 - .250 of a discount point over yesterday's morning rates. There was no relevant economic news scheduled for today, so look for the stock markets to be the biggest influence in today's bond trading. If we see further weakness in the major stock indexes, we could … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 09/26/07 05:26 AM

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 approximately .250 of a discount point.The Commerce Department said that new orders for big-ticket items fell 4.9% last month. This was a larger drop than was expected, but this data can be quite volatile due to aircraft and transportation related orders. Still, the news is somewhat favorable to bonds and mortgage rates, … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 09/19/07 11:16 AM

Wednesday's bond market has opened in negative territory as stocks continue yesterday's late rally. The stock markets are posting another round of gains during early trading with the Dow up 86 points and the Nasdaq up 19 points. The bond market is currently down 19/32, but due to strength in mortgage-related bonds late yesterday, we should see an improvement in this morning's mortgage rates of approximately .375 of a discount point from yesterday's morning rates.The Labor Department said this morning that August's Consumer Price Index (CPI) fell 0.1% and that the core data rose 0.2%. The overall reading was slightly lower … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 09/12/07 07:32 AM

Wedesday's bond market has opened in negative territory again with no relevant economic news on tap and the stock markets showing small gains. The Dow is currently up 20 points and the Nasdaq up 9 points. The bond market is currently down 6/32, which will likely push this morning's mortgage rates higher by approximately .125 - .250 of a discount point.There is no relevant data scheduled for release today or tomorrow. The Labor Department will release weekly unemployment claim stats early tomorrow morning, but this data usually is not much of an influence on bond trading or mortgage rates unless it … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 09/07/07 06:43 AM

Friday's bond market has opened sharply higher following quite favorable results from August's Employment report. The stock markets are not reacting well to the news with the Dow down 193 points and the Nasdaq down 45 points. The bond market is currently up 27/32, which should improve this morning's mortgage rates by approximately .375 of a discount point.The Labor Department reported this morning that the unemployment rate remained at 4.6% last month and that average earnings rose 0.3%, both as expected. The shock came in the number of new payrolls during the month. What was expected to be 110,000 new jobs … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 08/22/07 07:41 AM
Wednesday's bond market has opened in negative territory following sizable stock gains. Stocks are rallying with the Dow up 11 points and the Nasdaq up 25 points. The bond market is currently down 9/32, which will likely push this morning's mortgage rates higher by approximately .125 - .250 of a discount point.There is no relevant economic data scheduled for release today. The Labor Department will post weekly unemployment figures tomorrow morning, but unless they show a much higher or lower number they will likely have little impact on mortgage rates. They are expected to show 320,000 new claims were filed. The … (0 comments)

thousand oaks: Thousand Oaks Rate Advisory, Home Loans - 08/17/07 07:14 AM
Friday's bond market has opened flat due to stock strength that is coming as a result of the Fed's rate announcement this morning. The Dow is currently up 164 points while the Nasdaq has gained 40 points. The bond market is currently nearly unchanged, but we will still see an improvement in this morning's mortgage rates of approximately .375 of a discount point.The only economic news released this morning was the University of Michigan's Index of Consumer Sentiment for this month. It showed a reading of 83.3, which was much lower than the 88.5 that was expected. This indicates that surveyed … (0 comments)

 

Paul Lefton

Simi Valley Home Loans

Simi Valley, CA

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Core Financial Soultions, Inc

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

Office: (805) 306-0575

Mobile: (805) 857-8867

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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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