Weakness in the stock market is helping the bond market right now. This may help 30 year rates dip by .125% this afternoon. Watch today’s you tube video to find out what is influencing the markets. We’ll need to be cautious. Technical signals suggest that mortgage bonds are trading against stiff resistance. We could see […]
You Tube link to see rate update video: Mortgage-backed bonds are continuing to rally this morning. After touching the 200-day moving average on Tuesday mortgage-backed bonds have reversed higher by 170 basis points. This is an indication of how strong that level of support is. We have to look ahead to tomorrow as the Fed’s […]
You Tube link to see rate update video: http://www.youtube.com/watch?v=uhh_BCCeazg After moving higher yesterday morning mortgage rates appear to have reversed course on technical trading patterns and testimony from Ben Bernanke. Mortgage-backed bond prices touched the 200-day moving average yesterday morning and despite worse than expected inflation data that would ordinarily weigh on bond prices were […]
The Fed is at it once again slashing short-term interest rates with the hopes of helping the economy avoid a steep recession. Many people, including so-called “experts” in the media, believe the recent Fed cuts are the reason why mortgage rates touched 4-year lows on January 22nd. However, if you look at history the results […]
You Tube link to see rate update video: http://www.youtube.com/watch?v=rPx8IDngbYw There’s a lot to cover today. First off, The Producer Price Index (PPI) which was reported this morning came in much hotter than expected. Both the Core and headline readings on inflation at the wholesale level of the economy came in double expectations. The S & […]
The S & P/ Case-Shiller Home Price Index is a monthly survey of home prices in 20 of the top metropolitan areas in the United States. Earlier today they released their data for the 2007 calendar year. Despite record losses for home prices in most of the areas the report follows Portland, Seattle, & Charlotte, […]
Mortgage rates ticked up this morning as the mortgage-backed bond market followed through on Friday’s trading pattern with lower prices. The National Association of Realtor reported better than expected existing home sales for the month of January. December’s figures were also revised higher. We’ll be watching for tomorrow’s Producer Price Index (PPI) report for clues […]
You Tube link to see rate update video: http://www.youtube.com/watch?v=8e4chKAMLqA The volatility ion the bond market has been unprecedented over the past few days. From Jan 22nd to today rates have increased from 5.00% up to 6.25% and now back down to 6.00% for 30 year fixed rates. Watch today’s you tube video to see what […]
You Tube link to see rate update video: no video today Technical trading patterns dominated the interest rate picture yesterday. After hitting the 200-day moving average yesterday morning mortgage-backed bonds have rebounded nicely recovering 100 basis points. There were a couple economic reports out this morning showing weak economic activity. For now we are going […]
You Tube link to see rate update video: http://www.youtube.com/watch?v=h1_qEX3Ye34 Yesterday marked the single highest increase in mortgage rates in a single day in over two years. I have posted the bond chart from yesterday showing the huge dip in prices we experienced (135 basis points). So what is the cause of this increase to mortgage […]