Category Archives: Daily Updates

Mortgage Market Update 9-27

Mortgage bonds are down again for the third day in a row. Successfully giving back nearly all the rate gains we had seen last week.  Why you ask are did we lose steam on that amazing rate rally, well watch the video to find out.  I’m moving to a cautiously floating stance as we near the bottom end of the new trading channel.  Today’s news held for us national home price levels and consumer confidence numbers, plus we kick off the first of 99 billion in auctions today.

Operation Twist?

Day two of the FOMC meeting and we are about to get the word on upcoming monetary  policy direction.  Watch the video to hear the plan and why the government thinks this stimulus package will keep long-term rates low.  The real questions is will it work and how will this affect Mortgage Backed Securities and interest rates.  I’m taking a locking stance, as I fully expect some volatility this afternoon.

Update 9-15

Been a long two weeks, the markets have been volatile, but stable if that makes any sense.  We have seen huge swings but at the end of the day they have averaged out in a pretty consistent pattern.  CPI number hit the wire along with the news spokesholes spamming the outlets about mortgage rates hitting lowest levels in 60 years. Major banks, BofA specifically is still bleeding out uncontrollably we could see a flat line scenario soon.  Mortgage Bonds are off today…my advice is to lock in while rates are at these levels.

The Resurgence of the Broker Market

The Resurgence of the Broker Market :: ML-Explode.com.

This is a great article, that must be read by all who still hang onto the false media and Big Bank hype that the Broker is dead…nothing could be further from the truth…

Click Here for My Featured Chart 9-7

Click Here for My Featured Chart.

ADP Employment Rises 91,000 in August

Click Here for My Featured Chart.

This chart illustrates the most recent ADP employment report released today showing an increase of 91,000 private-sector payrolls in August. These numbers suggest a recent trend of modest employment growth. Markets use this report as a gauge on the U.S. government’s job estimate which will be released on Friday.

CHASE PAYS YOU 1%…Do they really?

This may be a bit long but if you are even thinking about looking into Chase for a mortgage and letting them pay you 1% a year, the 14 minutes watching this video will be time well spent.  Great radio and tv ads, but let me pull the curtain back for you and expose the worst gouging I have uncovered yet. As always I encourage your comments, and if you want to email me directly:

tyson@american-california.com

Update 8-24

After a long vacation, it looks like the market is up to its old tricks.  Big Ben is speaking this week and the Bonds are profit taking and the stocks are swinging from highs to lows each day. Email me with any questions you might have about rates in today’s environment:

tyson@american-california.com

What a Week…Let’s Review 8-5

Massive run up in mortgage back securities (MBS) this week leads us to touch on the lowest rates ever recorded.  Jobs report came out today and the unemployment numbers as well. The government is doing everything it can to distance itself from the nightmare of the debt ceiling issue that started a huge sell off in stocks  over a week ago.  Watch the video to get all the goods.

My Position is floating into next weeks reports….

Quicken Loans Rate Drop Advantage…REALLY???

Follow me and let me point out the old Quicken Loans  scam of making nothing seem like something special…. Watch the video below…