RECENT BLOG POSTS
A forward-looking index of housing demand surged well beyond expectations in April, leading markets to shoot up half an hour into the open. The Pending Home Sales Index - which looks at contracts that have been signed, but not finalized - shot up 6.7% in April, far above the +0.5% consensus expec...
06/02/2009
Sales of existing homes went up as expected in April. Homes bought  in lower price ranges led the way according to the National Association of Realtors on Wednesday. Another report came out from FHFA which indicate prices may be stablizing. Existing home sales were up 2.9% in April.  "Most of the...
05/28/2009
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In these troubled times you need to be able to trust a lender that can help you with your VA loan needs. We have some of the most reasonably priced VA loans in the country. We do this by keeping our overhead low and processing all of our loans here and not shipping them out like a mortgage broker...
05/20/2009
Trading activity in the mortgage market is slow in this morning's early going.  Stronger-than-expected readings on prices paid to factories, farmers, and other producers together with a surge in the number of workers seeking jobless benefits during the week ended May 9th did not cause much of a s...
05/14/2009
Retail sales fell 0.4% in April, baffling the significant number of economist who had been expecting April retail sales to make a much better showing. The 0.4% drop in the headline number followed a revised 1.3% drop in March that was also weaker-than-expected. Stripping out the volatile auto sal...
05/13/2009
The Fed is definitely making their presence felt in the Treasury market this morning.  The Fed is actively buying Treasury obligations maturing in 15- to 30-years.  Today's Fed operation is part of its ongoing $300 billion plan to purchase government debt to help keep borrowing cost artificially ...
05/11/2009
Bad is bad but not worse. As you are probably well aware by now -- employers slashed payrolls by a smaller-than-expected 539,000 workers in April.  That was the smallest number of jobs lost on a national basis since October -- and was well below economists' estimates for an April headline nonfarm...
05/08/2009
Mortgage investors will no doubt approach the next two days as carefully as a naked cowboy facing the challenge of climbing over a barbed wire fence.  There is nothing like a major Treasury auction, the release of a much anticipated government mandated bank stress test, and an upcoming major macr...
05/07/2009
Mortgage investors will no doubt approach the next two days as carefully as a naked cowboy facing the challenge of climbing over a barbed wire fence.  There is nothing like a major Treasury auction, the release of a much anticipated government mandated bank stress test, and an upcoming major macr...
05/07/2009
Uncle Sam is splashing around in the credit market this morning looking to borrow $22 billion in the form of 10-year notes.  He'll wrap-up things up at 1:00 p.m. ET. As expected, yesterday's three-year note auction went off without a hitch and generated solid investor demand.  Keep you fingers cr...
05/06/2009
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Dustin McAlister

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