Last update of the summer, range bound…click here to listen
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Tag Archives: U.S. government
RANGE BOUND AND BORED?? SUMMERTIME SADNESS…
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
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
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
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.
Posted in Daily Updates
Tagged ADP employment Report, government, payrolls, private sector payrolls, U.S. government
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