Last update of the summer, range bound…click here to listen
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Real Estate with Tyson
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Rates remain range bound since May what will it take to go lower? Click to listen!
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
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
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.
Posted in Daily Updates, Week in Preview
Tagged Auctions, consumer confidence, floating, home prices, Mortgage Bonds
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
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
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….
Posted in Daily Updates, Week in Review
Tagged bonds, Debt Ceiling, economy, government, MBS, Mortgage Bonds
Hang on this is going to be a wild week. With Mortgage Bonds at the best levels of the year, and a complete line up of market moving data, finishing off with the Jobs Report, this is going to be a crazy one. Watch the video and give me some feed back on your take of whats happening with the economy right now….
Carefully Floating is my position for the week!
This month’s job report was overall a good report for the economy, but for mortgage bonds its applying pressure, watch the video to get the breakdown and your week in review…
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.
Posted in Daily Updates
Tagged bonds, Fannie Mae, MBS, Mortgage Bonds, moving average, rates, volatile