Rates remain range bound since May what will it take to go lower? Click to listen!
Tag Archives: locking
RANGE BOUND AND BORED?? SUMMERTIME SADNESS…
Posted in Daily Updates
Tagged Fannie Mae, home prices, interest rates, locking, lowest mortgage rates, Major Bank, MBS, Mortgage Bonds, mortgage rates, mortgages, rates, realtors, U.S. government
Are They Taking the Punchbowl Away???
Posted in Daily Updates
Tagged bonds, Fannie Mae, floating, Freddie, home prices, homes, Inflationary, interest rates, lenders, locking, lowest rates, Major Bank, MBS, Mortgage Bonds, mortgage rates, rates, real estate, realtors, U.S. government
Market Update 7/1/2014…Slipping out?
Posted in Daily Updates
Tagged bonds, economy, floating, home prices, homes, Inflationary, interest rates, locking, lowest rates, mortgage rates, mortgages, real estate, realtors
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.
Posted in Daily Updates
Tagged FOMC, locking, mortgage backed securities, rates, U.S. government, volatile
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
Week in Preview 9-6
We have a slow economic week ahead of us, so expect a major battle between stocks and bonds over that investment dollar. NFL opening game this Thursday…YES!!!… President Obama to speak on creating new Jobs for 90min prior to kickoff. Welcome back to work…now get to it!
Locking… now at top of trading channel…
tyson@american-california.com
Posted in Week in Preview
Tagged Kickoff, locking, NFL, Obama, opening game, President Obama, trading channel
Week in Preview 8-29
This is going to be one of those strap in and hold on kind of weeks. More economic news than should be allowed in one week, started today. It all comes together on Friday with the Jobs Report and Unemployment Number. Mortgage bonds are off this morning, on rising inflationary numbers. I suggest carefully floating today, but being prepared to lock at a break below the S1 level outlined in the charts. Watch the video.
Posted in Week in Preview
Tagged bonds, Chase Mortgage, economic news, floating, Inflationary, Jobs report, locking, Mortgage Bonds, Unemployment Numbers
Week in Preview 7-25
Still no resolution to the debt ceiling issues and this helped rates move a leg higher last week and is putting pressure on rates today…this week we have on tap, 99 Billion in Treasuries that are set to be auctioned off. Ever wondered what a Trillion looks like: What does one TRILLION dollars look like
Cautiously Locking until debt ceiling issues are resolved
Week In Review 7-15
Overall this was a pretty good week, we lost a little ground in interest rate, but 3 bond auctions went off all having good results. There is a new trend developing in the rate market watch the video to see. Also check out a couple new bill looking at being introduced to Congress. Am I Locking or Floating????
Week in Preview 7-6
This week we have employment numbers coming out and a technical battle at the 200 day moving average taking place, watch the video to find out if I’m locking or floating. Also what happened to rates last week!!?!