ARCHIVED BLOG POSTS
2009
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Best Wishes for a Happy and Prosperous 2010 Rate Lock Advice & Mortgage Market Update December 31, 2009, 8:15 PT RATE LOCK ADVISORY Lock Advice: LOCKMBS are down -11/32.Jobless claims were lower than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout t...
12/31/2009
Good post about voting with our money. I'm tired of all of these "too big to fail" banks. The government ie. taxpayers, have bailed them out and then they go and jack up their fees and credit card rates and start squeezing the little guy. Forget about writing your Congressman. They are all bo...
12/30/2009
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Rate Lock Advice & Mortgage Market Update December 30, 2009, 11:40 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +3/32.This morning, the Chicago PMI national manufacturing index jumped to 60, well above the consensus forecast of 55. RATE NOTES:When MBS prices are up, Rates are down...
12/30/2009
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Rate Lock Advice & Mortgage Market Update December 29, 2009, 12:25 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +6/32. Favorable repricing may be possible, particularly from early investors. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the d...
12/29/2009
Rate Lock Advice & Mortgage Market Update December 28, 2009, Market Close RATE LOCK ADVISORY Lock Advice: LOCKMBS prices closed down 11/32. Demand was close to average for the 2-Yr auction. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economi...
12/28/2009
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Rate Lock Advice & Mortgage Market Update December 28, 2009, 8:45 PT RATE LOCK ADVISORY Lock Advice: LOCKMBS prices are down -10/32. There will be a 2-yr Treasury auction at 1:00 et. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news ...
12/28/2009
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MERRY CHRISTMAS TO ALL Rate Lock Advice & Mortgage Market Update December 24, 2009, 10:00 PT RATE LOCK ADVISORY Lock Advice: LOCKUnfavorable midmorning repricing is a risk from early investors. MBS prices are down -6/32This morning, November Durable Orders rose 0.2%, which was a little below the ...
12/24/2009
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Rate Lock Advice and Mortgage Market Update December 23, 2009, 9:40 PT RATE LOCK ADVISORY Lock Advice: FLOATMBS prices are up +4/32. Core PCE inflation came in lower than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Ba...
12/23/2009
This is a great post and applies to lenders as well as Realtors. Dear Consumer, I understand your frustration, disappointment & even your anger about Realtors. You have been let down, lied to, and in some cases stolen from. And I do not feel sorry for most of you. Let me share this story with yo...
12/23/2009
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Rate Lock Advice and Mortgage Market Update December 22, 2009, 8:00 PT RATE LOCK ADVISORY Lock Advice: LOCKUnfavorable repricing is a risk from early investors. MBS prices are down -15/32 , below 9:45 ET pricing of -10/32, and the early high of -6/32. Existing Home Sales came in higher than ex...
12/22/2009