Last update of the summer, range bound…click here to listen
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Tag Archives: CPI
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.
Posted in Daily Updates
Tagged BofA, bonds, CPI, locking, Major Bank, Mortgage Bonds, volatile
ALERT TO LOCK
Alert to Lock the MBS broke below the 200 day moving average, on rising inflationary news. Tomorrow we have the CPI numbers which could further erode the bond market given that we did fall through that 200 day floor. To exasperate the issue we fell off the Up Escalator, putting a short-term end to our rate rally.
West Coast Real Estate 