Mick's Mortgage Market Report

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Mortgage and Lending - Mortgages By Mick
RECENT BLOG POSTS
MARKET COMMENT Mortgage bond prices fell last week applying upward pressure on mortgage interest rates. The bond market got a shock from a surprise increase in new home sales, stronger than expected durable goods orders, and some stock strength. There were also concerns about the US dollar in gen...
03/30/2009
   MARKET COMMENT Mortgage bond prices rose last week applying downward pressure on mortgage interest rates. The bond market got a boost from the Fed announcement (read below) to buy more mortgage debt. There was some profit taking in bonds Thursday afternoon following the run-up in prices Wednes...
03/23/2009
MARKET COMMENT Mortgage bond prices rose last week applying downward pressure on mortgage interest rates. The bond market as a whole absorbed the additional debt supply the Treasury issued. There were some surprises with the retail sales figure not being as weak as expected and significant stock ...
03/16/2009
MARKET COMMENT Mortgage bond prices rose last week applying downward pressure on mortgage interest rates. Rates found support from falling stock prices. The Dow Jones index fell into the 6,000 range early in the week and was unable to recover. The employment report released last Friday indicated ...
03/09/2009
Five Questions to Ask Yourself for the Biggest Tax Refund   (ARA) - Tax refunds have risen an average of $200 for people who have filed their 2008 tax returns early, the Internal Revenue Service reports. Part of the reason for the increase - the IRS has made several changes aimed at helping taxpa...
03/05/2009
MARKET COMMENT Mortgage bond prices fell last week pushing mortgage interest rates higher. A Freddie Mac report of increased defaults sent bond prices crashing and interest rates higher mid-week. The Treasury auctions generally showed mediocre foreign demand and the overall additional debt supply...
03/02/2009
MARKET COMMENT Mortgage bond prices rose last week applying slight downward pressure on mortgage interest rates. Weakness in the equity markets helped bonds recover from losses seen earlier in the week. On Thursday the Dow Jones index closed at October 2002 levels. The Federal Reserve continued b...
02/23/2009
MARKET COMMENT Mortgage bond prices fell last week pushing interest rates slightly higher. Governments across the globe continued to battle the credit crisis and economic instability. Billions of dollars of debt offerings by the US Treasury continued to be announced. Unfortunately, the additional...
02/09/2009
Mortgage Market 2/2/2009 MARKET COMMENT Mortgage bond prices fell last week pushing rates considerably higher. The data the first portion of the week came in as a surprise with existing home sales and Leading Economic Indicators both stronger than expected. The majority of the other data pointed ...
02/02/2009
MARKET COMMENT Mortgage bond prices fell last week pushing rates higher. In an announcement earlier in the month, Fed Chairman Bernanke indicated the timing of a global economic recovery was "highly uncertain." This uncertainty was reinforced last week as the economic turmoil continued across the...
01/25/2009
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Mick Rothblott

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