Tag Archives: locking

RANGE BOUND AND BORED?? SUMMERTIME SADNESS…

Aug5.1

Rates remain range bound since May what will it take to go lower? Click to listen!

Are They Taking the Punchbowl Away???

july10

Click here to find out where we are headed with Mortgage Rates!!!

 

 

Market Update 7/1/2014…Slipping out?

Click here to get the update!!

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.

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

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.