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Alert To Float. The 5% now near best levels in 3 years.

By
Mortgage and Lending with American Financial Resources, Inc.

Wed, Dec 10 - 3:45 PM ET
MBS stage a huge rally. Alert To Float. The 5% now near best levels in 3 years.

2:04 PM ET - US posts record November deficit of $164.4 billion.

2:00 PM ET - Conflicting news or uncertainty surrounding the auto bail out sends stock prices into the red. MBS near session highs. US court approves Tribune bankruptcy financing.

1:10 PM ET - Oil moves higher now at $45.17/barrel up $3.13.

11:20 AM ET - A plan to bail out the auto makers has made substantial progress. Stocks higher as are MBS. Oil falls from a daily high of $45/barrel to the current $43.

10:15 AM ET - MBS move into the black and put together a formidable rally - the 5% moves higher by 50bp from its low. Stocks higher led by the energy sector and the possible auto bailout.

8:48 AM ET - Shares of energy companies could move higher today - oil is higher by $2 at $44/barrel.

8:35 AM ET - No economic reports for today. Possible deal on the table for automakers. Treasury sells $28B 3-yr notes at 1:00pm ET. MBS lower. Stock futures higher.

Posted by

 

 

Larry Bailey

856-470-1101 ext 419 Office

609-975-9182 Direct

609-228-6378 Fax

Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

we are telling folks get in now do not wait who knows where these rates will go . We will see where we end up

Dec 10, 2008 07:05 AM