Posted on Thursday, 23rd July 2009 by chrisjones
Market: We got hammered today because…well, because. We’re down 59bps at the moment, and you can thank us here at the Chris Jones Branch of City 1st that it isn’t worse. It was worse, but we fixed it. I will tell you how below. This translates to a rise in rates of .25% over the [...]
Tags: lehi lender, mortgage shopper, RateWatch, utah broker, utah mortgage broker, utah mortgage lender
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Posted on Wednesday, 22nd July 2009 by chrisjones
Markets: Yesterday was a good day up, and today is down only slightly, so it appears we might hold our gains. We gained 65 bps yesterday and have lost back 16 so far today, which on net is pretty good. For the uninitiated, there is a strong correlation between mortgage-backed securities (mbs) and mortgage interest [...]
Tags: lehi lender, mortgage rates, RateWatch, utah mortgage, utah mortgage broker, utah mortgage lender
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Posted on Friday, 17th July 2009 by chrisjones
I only address this topic because I can’t find a lot of good commentary out there about this specific subject. I’m also no great expert; my experience with social media is pretty small compared to the Great Lords of Twitter and the Ancient Kings of Facebook. I confess this. On the other hand, since according [...]
Tags: facebook, lehi lender, Provo Daily Herald, Twitter, utah mortgage broker, utah mortgage lender, utah mortgages, Zillow
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Posted on Wednesday, 15th July 2009 by chrisjones
Market: Bonds are taking a hammering the last couple days (off 65bps today), with economic news better than expected. Empire State manufacturing numbers were, well, not UP, but a lot less DOWN than expected, and core CPI doubled from .1 to .2, so the stock market moved up and bonds are coming down. This takes [...]
Tags: lehi lender, Lehi mortgage, RateWatch, utah mortgage, utah mortgage broker, utah mortgage lender
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Posted on Monday, 6th July 2009 by chrisjones
Market: We’re up 19 bps so far today, picking up 3 bps every 45 minutes or so. Slow movement on heavy volume. That’s pushing us back into the low 5% range on rates. Analysis: This is really quite interesting. The government auctioned off $8 billion in 10-year notes this morning and the demand was very [...]
Tags: lehi lender, lehi mortgage broker, RateWatch, utah mortgage, utah mortgage broker, utah mortgage lender
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