mortgage market: Week ahead - what will be driving the markets
- 06/03/11 10:41 AM
Good afternoon AR members and readers, here is what will be driving the markets for next week... Tues 6/7 3-yr Auction Wed 6/8 Beige Book 10-yr Auction Thur 6/9 Trade Balance 30-yr Auction Fri 6/10 Import Prices Should be interesting and we closed today just a fraction over as I called it at 101.06 for the FNMA 4.0. That is a good sign and should bode well for the week ahead, barring any unexpected news. Have a great weekend and MAKE IT HAPPEN!!!
David ShamanskyUS Mortgages720-524-8020 … (0 comments)
mortgage market: Mortgage Rates and Markets 6/2/11
- 06/02/11 05:28 AM
Mortgage Rates and Markets 6/2/11 Good morning AR readers and members. The market opened up today with a slew of bad news. (should bolster lower rates) here is what is driving the markets today...
Initial claims are down a touch but actually up almost 10K from the consensus number Continuing claims are up almost 25K from consensus Productivity is up .2% (not a good sign as that ties directly into why claims are higher productivity is going up meaning more is being done with less people) Labor costs down .2% from consensus number (meaning incomes are falling a touch) Factory orders … (0 comments)
mortgage market: Mortgage Rates Cautious ahead of critical data
- 05/31/11 04:26 AM
Mortgage Rates Cautious ahead of critical dataGood morning insighters...Today opens flat after our long weekend with the FNMA 4.0 coupon opening 3bps under Friday's close and since has lost another 3bps. Fridays close was exactly in the range I called for on Thursday and ended 25bps below the Thursday close. There is a lot of data to dissect this week but the biggest comes on Friday being unemployment. Here are the weeks driving news...Tues 5/31 Chicago PMI Wed 6/1 ISM Manuf. Construction Thur 6/2 Productivity Fri 6/3 EmploymentNow we see a slightly different pattern than recent trading and the FNMA coupon … (0 comments)
mortgage market: Mortgage Rates likely flat to slight decline today 5/27/11
- 05/27/11 04:55 AM
Mortgage rates likely flat to slight decline today 5/27/11 Good morning. We had an extremely good day yesterday for rates with the FNMA coupon gaining +53bps for the day. As I expected and posted don't panic from today's early losses as it is expected (profit takers and holiday weekend). The bonds opened today with a -22bps gap down open and since have retraced +6bps of that leaving the current FNMA 4.0 at 100.688 (still a very strong number). If you read my post from yesterday you will see I said expect a -15 - -25bps loss today so we are right … (1 comments)
mortgage market: Bonds take a large increase Mortgage Rates to lower! 5/26/11
- 05/26/11 11:58 AM
The bond market took a nice rally to the positive today as data still reflects a lot more the US economy needs to correct before a substantial and quantified recovery can commence. Good numbers flowed into all the auctions this week the 2,5 & 7y all went very positive and with the new data and us going 18bps higher than I called for, the peak today shows strong signals that more may be to follow.
If you look at charts the data shows, we could see yet another +75-100bps in gains soon. If that occurs, we will have rates close … (0 comments)
mortgage market: Mortgage Rate and Direction 5/25/11
- 05/25/11 06:20 AM
Good Morning and here is the rate outlook for 5/25/11 and what is driving the market today...The bonds closed on a high point yesterday ending the day at +28bps and closing at 100.281 (FNMA 4.0)Today opened with a small gap down of -9bps as the slightly worse than expected Durable Orders numbers were released and caution awaited the FHFA numbers and 5yr auction for later today. (this should have given us a slight improvement but with an approaching holiday and 5yr auction results not in traders are hedging)These are the numbers from todays news with only item left of significance to … (0 comments)
mortgage market: Are 30 year Fixed Rate Mortgages Going Away?
- 05/24/11 10:39 AM
Are 30 year fixed rate mortgages going away? Could it be? The end of 30 year fixed rate mortgages? I was inspired to write this after reading another blog regarding the comeback of ARM (adjustable rate mortgages). I read and write daily in blogs and also give advice for market directions, opportunities, niche's, financing structure etc. After reading this post it reminded me of a recent conversation and article I had regarding this. The US is looked upon with envy for our 30yr (FRM) fixed rate mortgage, among many other things. One of the talks going on currently is the possible removal of … (0 comments)
mortgage market: Mortgage Rates Cautiously Steady Today
- 05/24/11 04:03 AM
Good morning AR members and readers Yesterday was mixed with a strong opening and the FNMA 4.0 coupon hitting its intraday high of 100.313 by 11a. After that it was a slow decline to close at its low for the day (not good). Most of this was derived from traders hedging for anything unexpected (this is really common during a week filled with a lot of market driving news). Today I expect to be cautious/choppy as well but we do start getting some of our news released today with the New Home Sales report as well as the 2yr auction. I am … (0 comments)
Life, Lessons, Encouragment and a little market insight to boot, is a blog written by David Shamansky.
I write this as a daily informational and encouragement resource to others in the real estate and mortgage community.
Good afternoon AR members and readers,
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