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Monthly Archives: August 2010
FL mortgage rates are going down today again. You know there is underlying strength in the mortgage market when even with stocks up today so far this afternoon the mortgage bond market is strong as well. When stocks are down … Continue reading
Looks like the market shook off the early morning weakness to rally quickly and stay strong through the day. Looks like the normal pattern of stocks tanking and MBS and bonds in general in rally mode.
As this chart demonstrates, the future isn't so bright in Arnold's World.
This week we continue to see all mortgage rates drop even further on the continued poor economic numbers from the US Government. FL mortgage rates for jumbo loans, which are loans over $417,000 in most of Florida, are about .50% … Continue reading
The homes sales report this morning dropped to a 15 year low. The expiration of the Home Buyers Tax Credit seems to have stolen forward plenty of traffic. Here in Florida local Realtors are telling me that this last July … Continue reading
When Jim isn’t bullish there is reason to listen. With the drop in stocks over the last few months you would think this wall street maven would be seeing buy, buy, buys. Not so much.
I saw this great video from CNBC that I thought everyone would enjoy;
Looking back at this week I am amazed that the mortgage rates were still at incredible lows as we end the week. I am making this comment because the mortgage backed securities were very volatile and started to move away from tracking the … Continue reading
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