First Time Home Buyers
From the monthly archives: April 2008
We’re seeing a massive market move in progress right now.
In sort of the same way that “A” students tend to get “A’s” and “C” students tend to get “C’s,” the market tends to do what it has been doing. The 50- and 100-day moving averages represent levels in the bond market that keep [...]
Continue Reading →Mortgage bonds have tipped to the negative for the third consecutive day as the early gains from the bond-friendly Consumer Price Index (CPI) wear off. Again, as bond prices go down, rates go up.
Stocks are up a little under 200 points as of 10:00 Central. Most of this has been from positive earnings [...]
Continue Reading →Tax Day – Tax Day – Tax Day. Make sure your taxes are filed by midnight.
Another day that opened to the positive and rapidly reversed. We have a concern in the Producer Price Index (PPI) this morning. It hopped up to 1.1% in March, exceeding expectations, thanks to record high oil prices and [...]
Continue Reading →Bonds are down slightly at the present time. Wachovia reported $393 million in losses related to subprime loans before the market opened. This did briefly cause bonds to trade higher until a better than expected Retail sales figure erased the early gains.
The reading of .2% was higher than the 0.1% expected, but is [...]
Continue Reading →Mortgage bonds are up today with elevated economic concerns and a steady chorus of reports that seem to indicate that we are possibly already in a recession.
The Michigan Consumer Sentiment Index came in at a 26 year low. This report seems to indicate that consumers are unlikely to make large or unnecessary purchases. [...]
Continue Reading →The US Trade deficit came in unexpectedly high for February. The Bank of England cut rates this morning to 5% in their efforts to combat inflation. American Airlines grounded 900 flights for inspections that create a third day of domestic air traffic nightmares.
While all of these signs are bad economically, bonds have already [...]
Continue Reading →There are no economic reports scheduled for release today and nothing on the plate except for Dallas Fed President Fisher who is expected to speak at 12:30 Central today about the state of the economy.
Big news in a little release from the Fed yesterday. The March 18th FOMC meeting revealed that, for the [...]
Continue Reading →The volatile stock earnings season is here. So far, a rough start for the market with disappointing news from several companies. These weak earnings reports and guidance have set a negative tone over the Stock Market, thereby helping Bonds move a bit higher in early trading this morning.
Since then, bonds have given up [...]
Continue Reading →http://www.newyorkfed.org/mortgagemaps/
The New York Federal Reserve recently posted a pretty fascinating tools that assesses the non-prime mortgage conditions for the country as a whole.
This tool does a great job of highlighting the regional, state, county, and even ZIP Code concentrations of the loans that are not performing. It also does a [...]
Continue Reading →The recent run in the stock market continues today. This time, word on the street is that the credit crunch is over (or at least nearly over).
More news on major institutions raising capital and this time it is Washington Mutual saying that it is receiving a $5 billion cash injection. This could be [...]
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