ALERT to LOCK: Treasury bond sales have been poorly received all week and today it is continuing. Locking your loan if you have not already done so is the prudent thing to do. The Fed is also on the last few days of their purchasing Mortgage Backed Securities. This is a double whammy and rates are rising.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
Showing posts with label Alert To Lock. Show all posts
Showing posts with label Alert To Lock. Show all posts
Thursday, March 25, 2010
Market Comment
ALERT to LOCK: Treasury bond sales have been poorly received all week and today it is continuing. Locking your loan if you have not already done so is the prudent thing to do. The Fed is also on the last few days of their purchasing Mortgage Backed Securities. This is a double whammy and rates are rising.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
Friday, September 4, 2009
Mortgage Bond Comment
Since the below comments came the bond market has dropped from the earlier highs. The reconmendation is to lock.
Stocks moved higher in early trading this morning, while Bonds started lower. However, both have since settled back towards unchanged levels.
In the news, 216,000 jobs were lost in August, which is better than the 230,000 job losses that were expected. While this appears to be good news, we must remember that these numbers are often revised later. So the jury is still out. What we do know for sure is that the overall unemployment rate climbed to 9.7% last month, which is more than double what it was two years ago and marks the highest level in 26 years.
Currently, Bonds are trading in a narrow range between resistance and support. I recommend floating for now, since it will take either a rally or sell-off in Stocks to push Bonds through one of these barriers. Remember, the market will be closed on Monday for the Labor Day holiday, so the next full day of trading will be next Tuesday.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Stocks moved higher in early trading this morning, while Bonds started lower. However, both have since settled back towards unchanged levels.
In the news, 216,000 jobs were lost in August, which is better than the 230,000 job losses that were expected. While this appears to be good news, we must remember that these numbers are often revised later. So the jury is still out. What we do know for sure is that the overall unemployment rate climbed to 9.7% last month, which is more than double what it was two years ago and marks the highest level in 26 years.
Currently, Bonds are trading in a narrow range between resistance and support. I recommend floating for now, since it will take either a rally or sell-off in Stocks to push Bonds through one of these barriers. Remember, the market will be closed on Monday for the Labor Day holiday, so the next full day of trading will be next Tuesday.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Mortgage Bond Comment
Since the below comments came the bond market has dropped from the earlier highs. The reconmendation is to lock.
Stocks moved higher in early trading this morning, while Bonds started lower. However, both have since settled back towards unchanged levels.
In the news, 216,000 jobs were lost in August, which is better than the 230,000 job losses that were expected. While this appears to be good news, we must remember that these numbers are often revised later. So the jury is still out. What we do know for sure is that the overall unemployment rate climbed to 9.7% last month, which is more than double what it was two years ago and marks the highest level in 26 years.
Currently, Bonds are trading in a narrow range between resistance and support. I recommend floating for now, since it will take either a rally or sell-off in Stocks to push Bonds through one of these barriers. Remember, the market will be closed on Monday for the Labor Day holiday, so the next full day of trading will be next Tuesday.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Stocks moved higher in early trading this morning, while Bonds started lower. However, both have since settled back towards unchanged levels.
In the news, 216,000 jobs were lost in August, which is better than the 230,000 job losses that were expected. While this appears to be good news, we must remember that these numbers are often revised later. So the jury is still out. What we do know for sure is that the overall unemployment rate climbed to 9.7% last month, which is more than double what it was two years ago and marks the highest level in 26 years.
Currently, Bonds are trading in a narrow range between resistance and support. I recommend floating for now, since it will take either a rally or sell-off in Stocks to push Bonds through one of these barriers. Remember, the market will be closed on Monday for the Labor Day holiday, so the next full day of trading will be next Tuesday.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Friday, August 21, 2009
Lock Rates
Mortgage Bonds are headed lower this morning, after touching a very strong ceiling of resistance at their 100-Day Moving Average.
Pressuring Mortgage Bonds lower was news that Existing Home Sales came in better than expectations. Additionally, the inventory of unsold homes remained lofty, but was reported at its best level in a year. Overall, the housing market continues to show signs of stabilization.
Currently, Bond prices continue to struggle at the 100-Day Moving Average. Therefore, I recommend locking. I will continue to monitor the day's news and keep you informed of any major developments.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Pressuring Mortgage Bonds lower was news that Existing Home Sales came in better than expectations. Additionally, the inventory of unsold homes remained lofty, but was reported at its best level in a year. Overall, the housing market continues to show signs of stabilization.
Currently, Bond prices continue to struggle at the 100-Day Moving Average. Therefore, I recommend locking. I will continue to monitor the day's news and keep you informed of any major developments.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Lock Rates
Mortgage Bonds are headed lower this morning, after touching a very strong ceiling of resistance at their 100-Day Moving Average.
Pressuring Mortgage Bonds lower was news that Existing Home Sales came in better than expectations. Additionally, the inventory of unsold homes remained lofty, but was reported at its best level in a year. Overall, the housing market continues to show signs of stabilization.
Currently, Bond prices continue to struggle at the 100-Day Moving Average. Therefore, I recommend locking. I will continue to monitor the day's news and keep you informed of any major developments.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Pressuring Mortgage Bonds lower was news that Existing Home Sales came in better than expectations. Additionally, the inventory of unsold homes remained lofty, but was reported at its best level in a year. Overall, the housing market continues to show signs of stabilization.
Currently, Bond prices continue to struggle at the 100-Day Moving Average. Therefore, I recommend locking. I will continue to monitor the day's news and keep you informed of any major developments.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Wednesday, August 12, 2009
Alert To Lock
Mortgage bonds down 41 and falling fast. Recommend locking the interest rate before lenders re-price.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
Alert To Lock
Mortgage bonds down 41 and falling fast. Recommend locking the interest rate before lenders re-price.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
Wednesday, July 15, 2009
ALERT TO LOCK INTEREST RATE
Producer price Index came out this morning higher than expectations. Also Intel reported higher than expected earning and painted a rosy picture. Bonds have moved lower (rates higher) on this news. Bonds are down 53 Bps. Lock your rate. Lender should be repricing for the worse.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
ALERT TO LOCK INTEREST RATE
Producer price Index came out this morning higher than expectations. Also Intel reported higher than expected earning and painted a rosy picture. Bonds have moved lower (rates higher) on this news. Bonds are down 53 Bps. Lock your rate. Lender should be repricing for the worse.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Subscribe to:
Posts (Atom)