Category Archives: Stock Market thoughts

Mortgage Market Ends Week Flat after strong week

It was a holiday shortened day in the Mortgage Bond Market on Friday.  The week was a stellar one as the stock market was hammered pretty good due to the trouble in Europe.  As we get ready for HARP 2.0 … Continue reading

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Looks like the recession is baked in at this point!

I am a big follower of ECRI and I find their stuff right on much more often then most prognosticators.

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FL Mortgage rates look to end the week just off recent record lows

Looks like the stock surge this week as expected is causing a sell off in the MBS market and thus causing a back up in mortgage rates.  They are still close to record lows but if the stock market starts … Continue reading

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FL Mortgage 10 Year Bond Rate Update 7.8.11

Looking at the back up in rates this week one would normally ask is the recent rate rally over? I think that we are going to see lower rates from here based on continued weakness in the economy. Friday’s employment … Continue reading

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Oil and many other commodities race higher!

We can see that it is ironic that the Federal Government announced this week that we have no inflation and thus the social security payments will not increase for the 2nd year in a row.  I am not sure if … Continue reading

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Bond Market ready to start new upswing?

In seeing the move lower for Florida Mortgage Rates this week I am left wondering if this is a start of something big or just a bounce of the recent lows.  I have a feeling that we are going to … Continue reading

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Gold Backs off recent high range of $1,420 ish and drops $50 per oz.

Gold getting crazy here;

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Ireland has its debt downgraded further by S&P

The news got worse yesterday for Ireland as an additional downgrade of the European country was announced by the ratings agency S&P.  This news will hurt the stock markets and bond markets in Europe in my opinion and may carry … Continue reading

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Stocks look to continue strength this week

Looking at the commitment of traders report this week I am seeing that many big money traders are looking to stay long for the time being.  This isn’t a good thing for mortgage rates.  I love the COT report especially … Continue reading

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