Posted on Wednesday, 3rd February 2010 by chrisjones
Markets: Blah blah up just a little blah FED blah blah blah GDP growth blah unemployment numbers blah blah blah. It’s Groundhog Day (again. What, it’s not Feb 2 where you are?). Of COURSE the markets are doing the same thing day after day.
Analysis: Nobody believes the economic reports. Government data is having essentially no [...]
Tags: lehi lender, lehi mortgages, RateWatch
Posted in Blog & News, General, Rate Watch | Comments (0)
Posted on Friday, 29th January 2010 by chrisjones
Markets: We’re trading in a very narrow channel this week, and no news is good enough or bad enough to get us out of it. Our benchmark 4.5% FNMA 30-year bond is off 3bps, meaning it’s flat for all intents and purposes, exactly as it has been for the past week. We successfully weathered another [...]
Tags: lehi lender, Lehi mortgage, RateWatch, utah mortgage
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Posted on Tuesday, 12th January 2010 by chrisjones
Markets: Bonds were up slightly today, trading up against a line of resistance. For the uninitiated, a line of resistance is an average, usually a 25-day or 50-day or 100 day, or what have you, that cuts across the bond price chart. Those lines form “resistance”, against which bond prices have to push in order [...]
Tags: lehi mortgages, RateWatch, Twelfth Night
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Posted on Thursday, 7th January 2010 by chrisjones
Markets: We’re flat, again, down 6.25 bps (that’s basis points, meaning that the bond market for the FNMA 30-year 4.5% bond has fallen .0625%), which won’t have any impact on pricing. Markets are waiting on the employment numbers coming out tomorrow. If those are good, bonds will fall and rates will rise. Right now we’re [...]
Tags: RateWatch
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Posted on Tuesday, 24th November 2009 by chrisjones
Markets: The collapse of the dollar has driven rates slowly but surely to levels we haven’t seen in six months. Seriously. It would not be impossible to find 4.625% on some 30-year fixed loans, and we’re closing a 5/1 ARM tomorrow at 3.875%.
Analysis: Well, exactly a year ago today we watched as the mortgage market [...]
Tags: lehi lender, Lehi mortgage, mortgage shopper, RateWatch, utah mortgage
Posted in Blog & News, General, Rate Watch | Comments (0)
