John Tuggle's (youhomeyouloan) Blog

Follow me
Mortgage and Lending - John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd. - NMLS# 211187



The FOMC policy statement was about the same as the March 18th meeting; the fly for treasuries and to a lesser extent mortgages, was that the Fed did not increase the purchases of treasuries or mortgages from what it announced at the March meeting ($750B of MBSs and $300B of treasuries). And the ...
Treasuries this morning in early activity (8:00) were sitting unchanged from last Thursday; by 9:00 prices were increasing and yields falling. At 9:30 the 10 +13/32 at 2.88% -4 BP, mortgage prices at 9:30 +1/32. Today treasuries will likely find a little support as the Fed will buy more treasurie...
On Wednesday, the Senate unanimously approved my amendment to the Fiscal Year 2010 Budget Resolution that seeks to stimulate the nation's declining housing market by providing for a $15,000 tax credit to individuals who purchase a home in the next year.   My amendment creates a deficit-neutral re...
  Not a good day in the bond market; the 10 yr clearly broke its near term support and is now poised to move to 3.00% area. Mortgage rates also moved higher today, following the 10 yr note. Supply is the culprit; as we have talked many times, the long end of the curve is not likely to move much l...
The Federal Reserve Bank of New York announced Wednesday several additional days that it would purchase Treasury securities in April. Besides a previously announced operation on Thursday, it will hold five more starting next week. The Fed specified what securities it may purchase on given days, i...

John FTuggle

Certified VA Expert Renovation Program Specialist
local_phone(706) 315-2365
smartphone(706) 315-2365
Contact The Author