Mortgage Bonds are flat this morning, Stocks and bonds both tested there 200 day moving averages before being forced below to the 50 day average.
In the news today
Housing Starts: rose a 17% in May to come in better than expectations.
Building Permits: also came in better than expected. These are good signs that the affordable home prices, tax incentives and low home loan rates are attracting buyers to the market.
Currently, I am cautious for the near term. You may be able to be more agressive on a longer term. If stocks fall below the 50 day moving average then bonds may benefit.
Tuesday, June 16, 2009
Use Caution
Mortgage Bonds are flat this morning, Stocks and bonds both tested there 200 day moving averages before being forced below to the 50 day average.
In the news today
Housing Starts: rose a 17% in May to come in better than expectations.
Building Permits: also came in better than expected. These are good signs that the affordable home prices, tax incentives and low home loan rates are attracting buyers to the market.
Currently, I am cautious for the near term. You may be able to be more agressive on a longer term. If stocks fall below the 50 day moving average then bonds may benefit.
In the news today
Housing Starts: rose a 17% in May to come in better than expectations.
Building Permits: also came in better than expected. These are good signs that the affordable home prices, tax incentives and low home loan rates are attracting buyers to the market.
Currently, I am cautious for the near term. You may be able to be more agressive on a longer term. If stocks fall below the 50 day moving average then bonds may benefit.
Monday, June 15, 2009
Pushing 200 Day moving average
Mortgage Bonds are advancing higher so far today, after two days of healthy gains. Better still, they appear to have some room before reaching resistance at the 200-Day Moving Average.
In other news, the US Dollar is rebounding higher against global currencies. This is causing a sell-off in Oil and putting downward pressure on Stocks in shares of energy, mining and other natural resource companies. Also today, the New York State manufacturing index came in weaker than estimates, indicating that the US economy is still very weak.
I recommend floating for now. But with Stocks and Bonds essentially slugging it out near their respective 200-Day Moving Averages, the situation could change quickly. So be prepared to lock.
Leonard Winslow
In other news, the US Dollar is rebounding higher against global currencies. This is causing a sell-off in Oil and putting downward pressure on Stocks in shares of energy, mining and other natural resource companies. Also today, the New York State manufacturing index came in weaker than estimates, indicating that the US economy is still very weak.
I recommend floating for now. But with Stocks and Bonds essentially slugging it out near their respective 200-Day Moving Averages, the situation could change quickly. So be prepared to lock.
Leonard Winslow
Pushing 200 Day moving average
Mortgage Bonds are advancing higher so far today, after two days of healthy gains. Better still, they appear to have some room before reaching resistance at the 200-Day Moving Average.
In other news, the US Dollar is rebounding higher against global currencies. This is causing a sell-off in Oil and putting downward pressure on Stocks in shares of energy, mining and other natural resource companies. Also today, the New York State manufacturing index came in weaker than estimates, indicating that the US economy is still very weak.
I recommend floating for now. But with Stocks and Bonds essentially slugging it out near their respective 200-Day Moving Averages, the situation could change quickly. So be prepared to lock.
Leonard Winslow
In other news, the US Dollar is rebounding higher against global currencies. This is causing a sell-off in Oil and putting downward pressure on Stocks in shares of energy, mining and other natural resource companies. Also today, the New York State manufacturing index came in weaker than estimates, indicating that the US economy is still very weak.
I recommend floating for now. But with Stocks and Bonds essentially slugging it out near their respective 200-Day Moving Averages, the situation could change quickly. So be prepared to lock.
Leonard Winslow
Friday, June 12, 2009
Mortgage Rate watch 6-12-09 from Leonard Winslow
Mortgage Bonds are trading higher today, as they follow through on yesterday's rally. Conversely, Stocks have come back down after their good day yesterday. Helping give Bonds a boost this morning is news that the Paulson & Co. hedge fund is purchasing distressed debt and Mortgage Backed Securities.
In other news, Consumer Sentiment came in at its highest level in 9 months. Since the number was close to expectations, however, the markets have not reacted to the news so far this morning.
Currently, Mortgage Bonds are sitting in a comfortable range, while still riding positive technical signs. Therefore, I recommend floating for now. But, remember, the market is very volatile right now, so be prepared to lock if the situation changes.
The mortgage bond market is improving at this time. You may be able to float today but be cautious. The market is very volatile at this time and this could change rapidly.
Leonard Winslow
Dominion Trust Mortgage
This is only an opinion and is not a reconmendation. Each transaction has different circumstances and you should act accordingly.
In other news, Consumer Sentiment came in at its highest level in 9 months. Since the number was close to expectations, however, the markets have not reacted to the news so far this morning.
Currently, Mortgage Bonds are sitting in a comfortable range, while still riding positive technical signs. Therefore, I recommend floating for now. But, remember, the market is very volatile right now, so be prepared to lock if the situation changes.
The mortgage bond market is improving at this time. You may be able to float today but be cautious. The market is very volatile at this time and this could change rapidly.
Leonard Winslow
Dominion Trust Mortgage
This is only an opinion and is not a reconmendation. Each transaction has different circumstances and you should act accordingly.
Mortgage Rate watch 6-12-09 from Leonard Winslow
Mortgage Bonds are trading higher today, as they follow through on yesterday's rally. Conversely, Stocks have come back down after their good day yesterday. Helping give Bonds a boost this morning is news that the Paulson & Co. hedge fund is purchasing distressed debt and Mortgage Backed Securities.
In other news, Consumer Sentiment came in at its highest level in 9 months. Since the number was close to expectations, however, the markets have not reacted to the news so far this morning.
Currently, Mortgage Bonds are sitting in a comfortable range, while still riding positive technical signs. Therefore, I recommend floating for now. But, remember, the market is very volatile right now, so be prepared to lock if the situation changes.
The mortgage bond market is improving at this time. You may be able to float today but be cautious. The market is very volatile at this time and this could change rapidly.
Leonard Winslow
Dominion Trust Mortgage
This is only an opinion and is not a reconmendation. Each transaction has different circumstances and you should act accordingly.
In other news, Consumer Sentiment came in at its highest level in 9 months. Since the number was close to expectations, however, the markets have not reacted to the news so far this morning.
Currently, Mortgage Bonds are sitting in a comfortable range, while still riding positive technical signs. Therefore, I recommend floating for now. But, remember, the market is very volatile right now, so be prepared to lock if the situation changes.
The mortgage bond market is improving at this time. You may be able to float today but be cautious. The market is very volatile at this time and this could change rapidly.
Leonard Winslow
Dominion Trust Mortgage
This is only an opinion and is not a reconmendation. Each transaction has different circumstances and you should act accordingly.
Friday, May 29, 2009
1113 Page St - A Short Sale in Charlottesville
In an attempt to prevent a foreclosure in Charlottesville, the Avery Group is helping a gentleman do a short sale. This short sale is located in the City of Charlottesville on 1113 Page Street. We have obtained an offer and currently negotiating with the bank!
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