Life, Lessons, Encouragement and a little market insight to boot

Today's week ending data brings us about good news that builders are finally working to catch up to the demand for housing in many areas of the country and show an uptick above expectation.While this and this alone does not mean a strong economy housing is a critical component and as housing goes...

Here is today's news for mortgage pricing and rates.Still plenty of uncertainty in the marketplace, especially globally with China and Greece but as things start to format a direction I believe we will see  improvement to the US Bonds and Treasuries.Even in Fed Chair Yellen's speech yesterday exp...

Good morning all.Today everyone is on pins and needles listening to and dissecting each and every word uttered from Fed Chair Yellen. This is common as everyone is trying to glean some insight to see if they can predict when rates may be moved upward from a fed level.With continued lackluster per...

Today's data brought many of us what we expected and that is that retail sales are not at expectations and the oversold bonds got some of those big losses back. The FNMA 3.0 coupon opened up 47bps at opening bell but as the day progressed steadily lost some of that momentum and the FNMA 3.0 ended...

Today brings us a HUGE loss to bonds as the BAILOUT I called for a month ago fro Greece actually materialized. Of course I am not surprised as our new world order is do what you want and you are NEVER accountable for anything... sad.Aside from the HORRIBLE message it sends to the rest of the worl...

Today has brought about even more sell off from the opening bell. This is putting even more pressure on rates today and is completely opposite of the direction it should be moving, based on technical data.With wholesale inventories rising it further supports the trade deficit we spoke of earlier ...

Well had an insanely busy day with numerous things to resolve as well as multiple appts to keep me at the office until after 7p and now just getting a few moments to get this post out (that should have been done at least 6 hours earlier!OK so today's data brings about more of what I expected. Con...

Even after a strong rally in the bonds and Treasuries yesterday the profit takers were in full swing knocking down almost 40bps from the intraday high. Today bring us back to retracing some of those losses and has the FNMA 3.0 coupon up over 100 again (I predicted 100.5 before weeks end) and look...

Today brings us some expected and previously called for good news (for long term rates that is)For some time I have been saying we are definitely better today than 5yrs ago but by no means ready to handle rate hikes. Unemployment, manufacturing, EU issues and the list goes on.Well today brought a...

This week is the likely retrace of much of the losses sustained recently. With Greece getting the big NO "its time to pay your bills or pay the consequences" the US bonds are looking much more favorable for both security and safety they provide. I do think the DOW is likely to take some hits this...