Real Estate and Mortgage Consultant

Mortgage Market Report for January 8, 2008It appears that Mortgage Bonds are taking an overdue rest after their rise higher over the past couple of days.Philadelphia Fed President Charles Plosser indicated that the Fed is in tough spot with regards to monetary policy because the economy is slowin...

Mortgage Market Report for Monday January 7th, 2008 Bonds are trading higher as prices are just below the resistance levels.Atlanta Fed President Dennis Lockhart is scheduled to speak later today.  These comments are being carefully watched an the market will key in on comments regarding the next...

Mortgage Market Report for Friday January 4, 2008The Jobs Report is out and it is lower than expectations.  This is the largest private sector drop in more than four years.  Hourly earnings moved higher and this is contradictory to the jobs numbers and suggests some wage pressure inflation.  Empl...

Mortgage Market Report for Thursday January 3, 2008The ADP report suggests that the Jobs report will be in line with estimates.  Bonds are moving slightly lower.The Jobs Report will be released at 8:30AM Eastern Time.  It will show the actual number of jobs being created and focused on the hourly...

Mortgage Market Report for Wednesday January 2, 2008Bonds are starting off the new year with a bang.  The Institute of Supply Management Index Report  was way below expectations showing contraction in the manufacturing sector.  This hit stocks and bonds were the beneficiary.Tomorrows ADP report w...

The Mortgage Market Report for Monday December 31, 2007Today Stronger than expected existing homes sales is taking some steam out of bonds.   Although they are remain higher today on this shortened trading day.November existing home sales come in better than expectations, bonds still trading high...

Mortgage Market Report for Friday December 28th, 2007The flight for safety continues as the trouble in Pakistan is played out. Bonds are benefactor of this flight for quality that rocked the stock market yesterday. Due to the low volumes of trades during the holidays the movements are exaggerated...

Mortgage Market Report for Thursday December 27th, 2007The attack in Pakistan caused the bonds to open sharply higher. To add to that flight for quality, bonds were helped by weaker than expected economic reports showing that business investment is slowing.Jobless claims were reported at numbers ...

Mortgage Market Report for Wednesday December 26, 2007Many Traders are taking this week off so there is lower volume of trades and any price moves are exaggerated.  There are no economic reports to be released this week so bonds may take their direction from stocks.  Stocks are taking a small bre...

Mortgage Market Report for Friday December 21st, 2007Today the Personal Consumption Expenditure PCE index was reported and it pushed the year over year rate to 2.2% and more than the Feds target zone of 1-2%.  This shows that the larger cut was not needed and the .25% cut was just right.  This ma...