Posted on Wednesday, 10th February 2010 by chrisjones
Markets: We’re down 12 bps (to explain again, this means that the 4.5% FNMA mortgage-backed bond is down .12 points (whoops, just ticked down to .06, so we’re moving in the right direction)). As that bond moves, so move interest rates, in the opposite direction. As the bond moves up, rates move down. As the [...]
Tags: lehi lender, lehi mortgages, RateWatch
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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 [...]
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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