Chris McDonald's (chrismcdonald) Blog

Monday's bond market has opened fairly flat after this morning's economic news failed to show any significant surprises. The stock markets are showing early gains with the Dow up 35 points and the Nasdaq up 15 points. The bond market is currently down 1/32, which should keep this morning's mortg...

This week brings us the release of only three pieces of economic news in addition to the minutes from the last FOMC meeting. Only one of those three can be considered of high importance to the markets and mortgage rates, so we may see a fairly calm week for mortgage rates. The first data comes t...

Friday's bond market has opened flat following the release of mixed economic data and new record oil prices. The stock markets are showing losses with the Dow down 39 points and the Nasdaq down 17 points. The bond market is currently up 1/32, but we should see an improvement in this morning's mo...

Thursday's bond market has opened in positive territory after this morning's economic data showed much weaker manufacturing activity than was expected. The stock markets are showing modest gains with the Dow up 9 points and the Nasdaq up 7 points. The bond market is currently up 5/32, which shou...

Wednesday's bond market has opened in positive territory after this morning's economic data eased inflation concerns. The stock markets are showing gains with the Dow up 105 points and the Nasdaq up 22 points. The bond market is currently up 7/32, but we will likely still see an increase of appr...

Tuesday's bond market has opened in negative territory following the release of this morning's only economic data. The stock markets are showing losses with the Dow down 80 points and the Nasdaq down 13 points. The bond market is currently down 13/32, which will likely push this morning's mortga...

There are several important pieces of economic news scheduled to be released this week, but two stand out above the others. There are a total of five reports scheduled for release, so it can be considered a fairly active week. There is no relevant data due out tomorrow, so expect the stock marke...

Monday's bond market has opened fairly flat despite stock weakness. The major stock indexes are showing losses with the Dow down 53 points and the Nasdaq down 6 points. The bond market is currently down 3/32, which will likely push this morning's mortgage rates higher by approximately .125 of a ...

Wednesday's bond market has opened up slightly after this morning's economic data failed to give us any surprises. The stock markets are posting gains with the Dow up 98 points and the Nasdaq up 14 points. The bond market is currently up 3/32, which will likely keep this morning's mortgage rates...

The reason for this memo, a regulatory call to action, deals with a nearly silently adopted regulation which could very well be the most dangerous restriction ever placed on the mortgage industry.  It literally threatens to eliminate mortgage brokers almost overnight.  We have to act now to stop ...