Ashley Hales's (ncmtgbanker) Blog

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Mortgage and Lending - Resource Financial Services, Inc.
RECENT BLOG POSTS
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Wow, what a ride we had today.  Things started off looking very promising for rates this morning as inflation measures with the PPI came in lower than expected.  With inflation appearing to be tame investors took to bonds and rates opened up better than close yesterday.  Not so fast my friend.  A...
11/16/2010
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Looking good for interest rates this morning as the PPI (inflation measure) came in at 0.4%.  0.8% was expected so positive sign that inflation remains tame.  Interest rates are rallying on the news.  You will see an improvement in interest rates from closing yesterday.  The DOW is currently down...
11/16/2010
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Another tough day for interest rates as we saw huge swings up and down for the day.  We started off taking a beating after comments made from Greenspan see earlier post.  Once the yields popped up on treasuries investors came in and started some bargain buying.  This boosted mortgage back securit...
11/15/2010
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More bad news this morning for interest rates.  Former Fed Chairman Alan Greenspan warns of a bond crisis.  This triggers a massive increase in yields which has driven rates up quite a bit.  There appears to be a rally going on now as the Fed purchases some more treasuries.  Expect to see an inte...
11/15/2010
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Another week in the books and one very large beating interest rates took today.  Interest rates increased twice during the day as mortgage backed securities could not withstand the selloff that ensued after the fears of inflation coming out of China and impending interest rate hike there as well....
11/12/2010
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Busy morning thus far and today looks like it could be another roller coaster ride.  Interest rates will show a slight increase from close yesterday as the new from China that they are going to raise rates to fight inflation has been weighing on both bonds and stocks this AM.  Consumer Sentiment ...
11/12/2010
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Pretty quiet day with the bond market being closed for Veterans Day.  The DOW finished the day down 73 pts to close at 11,283.  Not much action in oil either.  RealtyTrac tweeted today at home seizures were down 9% across the US in October.  Could be a move in the right direction or could be the ...
11/11/2010
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The DOW is down 105 pts early this morning.  Oil is unchanged right now.  There will be no movement on bonds today as the bond market is closed in honor of Veterans Day.  If you see a member of our military please make sure you take the time to tell them how much you appreciate the sacrifices the...
11/11/2010
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Wild ride is what I will call today.  We opened the day with interest rates improving from close yesterday.  Then all heck broke loose.  The initial jobless claims put a lot of pressure on bonds.  Then later in the afternoon the results of the 30 year auction came in, not good, and bonds spiraled...
11/10/2010
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Busy morning thus far.  Initial jobless claims fell 24K down to 435K.  Oil is currently up around 25 cents a barrel and the DOW is down 30 pts in early trading due to a rebounding dollar.  Mortgage backed securities are up on the day however they are down from highs as the jobless claims number h...
11/10/2010
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Ashley Hales

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