After a bright and rosy looking future seemed in store for bonds yesterday, bond prices are being pushed lower again today. This means mortgage rates could go up of course, but we don’t expect much fluctuation beyond the usual to…
It looks like good news on a couple of fronts this morning. Good earnings are pushing Stocks higher today, but not at the expense of bonds, which opened higher this morning than yesterday and continue to rise. Also, the Case-Shiller…
Are you a first time home buyer? Have you been on the fence on whether this is a good time to buy a home in Florida? You need to read this first time home buyer alert. Mortgage rates have been…
Both stocks and bonds are opening up this morning a bit slow, but bonds are expected to improve as the day wears on. If possible, you should take advantage of improved mortgage rates now. New data for Pending Home Sales…
For instance, there is no doubt that quicken loans is one of the biggest mortgage lenders in America. True, they are probably the #1 online mortgage lender based on their recent pay per click ads on Google. Commonly, this increases…
After a week of stocks rising while bonds were limping around the falling trend line, today we’re finally seeing some signs of improvement. Bonds made a slight recovery yesterday afternoon after the Treasury auction of 7-year notes was completed, and…
The market isn’t looking very well today, with both stocks and bonds opening lower this morning than yesterday. The official jobless report was released and the results are a bit worse than everyone expected. 343 thousand people filed for unemployment…
The market was lukewarm at best by the end of the day yesterday, and things are still moving slow this morning. Bonds continue to flirt with dipping below the falling trend line and, while stocks continue to get a boost from good corporate earnings, even stocks are heading south today. Both home purchases and home refinances are down, with purchases down by 2% and refinances down by 1%.
Today it looks like good corporate earnings have driven stock prices up, but at the expense of mortgage bonds, which are doing worse today than they were yesterday. It looks like they may close beneath the trend line as opposed to above it. Securities are dipping lower today compared to yesterday as well. What does this mean for you?