Posted on Friday, 10th July 2009 by chrisjones

Markets: Doing well again today.  Yesterday broke the string of 5 straight days of rising bonds and falling rates (we have never had, in the years I have been following this, 6 green days in a row, so it was expected), and today we’ve continued the trend of the past week.  Rates continue to improve.  [...]

Tags: community, lehi mortgage broker, RateWatch, utah mortgage, utah mortgage lender, utah mortgage rates
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Posted on Tuesday, 30th June 2009 by chrisjones

Markets: Mortgage-backed securities are down 9bps, which is nothing.  We were down 44 at one point today, but we’ve crawled back on the shocking news that most people think the economy is crap.  Rates are still drifting down slowly.  We’re in the low 5% range on most everything as long as you have good credit. [...]

Tags: mortgage rates, RateWatch, utah broker, utah mortgage rates
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Posted on Thursday, 25th June 2009 by chrisjones

Market: So, yesterday we were watching the Fed, and as it turned out there was nothing to see. Bonds ended exactly flat at 0. Today we’re up 12bps and sitting on a multiple resistance line (Note: if this doesn’t make any sense to you, don’t worry. It’s not important in the cosmic sense. I just [...]

Tags: Fed, RateWatch, utah broker, utah mortgage, utah mortgage lender, utah mortgage rates
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Posted on Wednesday, 24th June 2009 by chrisjones

Market: Flat. We’re down 16 bps, which doesn’t signify.  It’s been this way since Monday.  Rates holding 5.25%-5.5%, depending on about 84 things. Analysis: The Fed is meeting, and should release something in about an hour.  The fun part is predicting a) what they will say and b) what will happen to the markets when [...]

Tags: Fed, RateWatch, utah mortgage, utah mortgage broker, utah mortgage rates
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Posted on Tuesday, 16th June 2009 by chrisjones

This is one of the reasons that I don’t just slavishly follow the recommendations from the marketwatchers I subscribe to – nor should you slavishly follow mine. Earlier today the bond market opened down 41 bps, then reversed to even, then lost 16 more bps and we got all sorts of “alert to lock” warnings.  [...]

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