Blogs

Northern Virginia Refinance - Apple a day

Posted Wed, 01/25/2012 - 22:13 by Jonathan

Generally quiet early this morning with treasuries and mortgage markets flat and stock indexes mixed at 9:00.US financial markets will not see much change this morning ahead of the 2:00 FOMC policy statement and Bernanke’s press conference.

Charlotte Mortgage Refinance - More Countries COULD be downgraded

Posted Fri, 01/13/2012 - 16:05 by Jonathan

Treasuries started better this morning, then got a little additional boost at 8:30 on the release of Dec import and export prices. Import prices declined 0.1% and export prices -0.5%; the declines will have a slight negative impact on Q4 GDP. Yr/yr import prices +8.5%, yr/yr export prices +3.6%.

Will mortgage interest rates continue to fall?

Posted Thu, 01/12/2012 - 15:28 by Jonathan

Rate markets started early this morning a little weaker; at 8:30 two data points brought the treasury and mortgage markets back to unchanged. Weekly jobless claims were expected up 3K to 375K, as reported claims jumped 24K to 399K; continuing claims up 19K, the 4 wk average at 381,750 frm 374K last week. Dec retail sales were expected up 0.3%, as reported +0.1%, ex autos and trucks expected up 0.4%, as reported down 0.2%.

Germany: A slippery slope

Posted Wed, 01/11/2012 - 15:21 by Jonathan

A little better at the start today; at 8:30 the 10 yr note +7/32 at 1.94% -2 bp frm yesterday’s close. The 10 yr once again tested and held the key 2.00% level yesterday; yesterday based on closes there was no movement in the bond market and MBSs were also relatively unchanged. Equity markets in Europe are weaker this morning, in the US the indexes prior to the open were slightly weaker.

Occupy Everywhere

Posted Thu, 12/08/2011 - 02:24 by Jonathan

In early trade this morning the rate markets opened a little better while the stock indexes were generally unchanged. All global markets awaiting the EU summit meeting that begins late Thursday and into Friday. News out of Europe this morning is one of caution, Germany saying not to expect any significant decisions that w

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