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Original Keynes vs Hayek version 1 rap
I thought I should post the first video in the series since everyone loved the most recent version.
Here is a great new video rap about the age old argument of Keynes vs Hayek
This is the second video in the series.
Posted in Mortgage Video, Stock Market Video
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Gold continues to explore new highs while Mortgage Rates trending back down
We are really starting to come down in rates again with the 30 yr Fixed rates closer to 4.75%. The 20 yr Fixed is about 4.5% and the 15 yr Fixed is below 4.25% at the end of this week. We should see a tick up in refinances with these lower rate prints. Our US Dollar continues to get killed and yet our Bonds are still being bought by the FED and others. How long can it last? Looking at the Gold and Silver market, I don’t think too long but in a market full of manipulation it is near impossible to predict. I am still long Gold and will continue to be as I see it as the clear winner here. Go Gold!!!
Long Gold
Posted in FL Mortgage Market Update
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Sliver and Gold roar higher and mortgage rates stay put in a tight range
My favorite investments, Gold and Silver continue to truck higher. I am surprised that with metals higher, oil higher, and stocks higher mortgage rates continue to stay in the 4.75%-5.0% range! Must be because Bennie and the Feds tell us that there is NO inflation! 
Mortgage Rates for Monday March 21st
Yesterday was a very wild day in the mortgage backed market. We had negative pricing in the morning along with an unscheduled price change around mid day for worsening pricing a second time. In the afternoon the market turned around and ended with another price change for improving prices. Even with the last three days of much higher stock prices the mortgage market has held up very well. Even the announcement that the Fed will start selling all it’s mortgage bonds over the next year, rates held up very well.
Market recovers today after rough start
Posted in FL Mortgage Market Update
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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 they are looking at the same charts I am.
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 see lower rates and the equities have been running out of steam. Yes the rally has been very strong since last August but oil prices may be the one thing stocks cannot overcome. With each trip to the local gas station, Americans feel the noose around our necks get that much tighter with each penny per gallon the price of gas rises. Last night I saw an incredible jump of .38 cents in just two days. Earlier in the week I paid 3.16 per gallon regular in Palm Beach Gardens, Florida. Last night it was 3.44 per gallon in the same location. Ugly!
ETF for Bonds shows a lift of the recent bottom
Mortgage rates fight back and end lower on the week!
This picture tells the story better than I can.
Big rally in the 10 year T Bond
Rates finally start to come back down after weeks of going up.
Posted in FL Mortgage Market Update
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Florida Mortgage Rates update for Wednesday Feb 2nd 2011
Latest screener video for Mortgage Rate Update