After 14 straight days of positive Fannie Mae 4% coupon closings, the bond finally looks to be at a crossroad. The attach video shows the 14 day rally, the huge battle to break through the triple overhead layers of resistance and todays head on collision with the 200 day moving average. What is the market to do? Tomorrow we have the Jobs numbers hitting the wire at 8:30EST, this usually volatile report could either catapult the Mortgage Bonds higher and further the rally or kill it off and cause a massive selloff, which by the way the bond market is ripe for. Its going to be interesting to watch.
Real Estate with Tyson- The Cost of a Home Is Far More Important than the PriceHousing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there […]
- Is the Economic Recovery Beating All Projections?Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the […]
- Homes Across the Country Are Selling Fast [INFOGRAPHIC]Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just 22 days, it’s a great time to sell a house. L […]
- The Cost of a Home Is Far More Important than the Price
