Peter Guarino's (pguarino) Blog

Market CommentMortgage bond prices rose last week pushing mortgage interest rates lower. Mortgage bonds were initially helped by reports the Treasury would try to get rates lower. Unfortunately, a lot of the gains seen mid-week were erased Friday following mixed employment figures. Unemployment w...

Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained choppy with small improvements the first portion of the week. The majority of the releases showed continued economic weakness. Oil fell below $50 a barrel Thursday, jobless claims escalated, stocks general...

Just a quick update on the market. Late Friday afternoon we saw a sudden sell-off of over 1.0 pt in the MBS. This afternoon, the MBS are now selling off by more than 1 14/32. It's fair to say all investors are in the process of re-pricing for the worse. The sell-off is a reflection of many of the...

Market CommentMortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained extremely volatile. Most of the improvements in mortgage interest rates came the beginning of the week as stocks struggled amid continued global economic uncertainty and oil prices continued ...

I am sure that you have recently had as many questions as I regarding the availability of mortgage money.  The current economic crisis has led many in the public to worry about whether or not mortgage money is even available should they choose to buy a house.  Statements from government and comme...

Yesterday we experienced a huge sell off in the bond market. Money poured out of bonds and back into the Stock Market. The Stock Market had almost a 600 pt swing finishing up almost 300 pts. The Mortgage Backed Securities, which your fixed rates are priced from, sold off from a high of up 17/32 t...

TREASURIES-Bonds jump as stocks tank despite Fed rate cut NEW YORK, Jan 22  - U.S. Treasuries rallied on Tuesday as the Federal Reserve's emergency rate cut and most aggressive easing in 23 years failed to curb a global market sell-off and a stampede into safe-haven assets.     Worries about a U....

TREASURIES-Bonds flat to lower in stocks vs rate cut balance     NEW YORK, Jan 14  - U.S. Treasury debt prices were steady to slightly lower on Monday as expectations of aggressive interest rate cuts by the Federal Reserve were offset by a rebound on Wall Street.     Bond prices initially rose an...

FHA Already Poised for Refis National Mortgage News (12/10/07) P. 23; Collins, BrianA new study from a Federal Reserve Bank reveals that 55 percent of the 2.2 million securitized adjustable subprime mortgages have no missed payments in the past year, and more than 50 percent of subprime borrowers...

TREASURIES-Bonds extend losses as inflation worries emerge NEW YORK, Dec 7  - U.S. Treasuries extended their losses on Friday after a key gauge of consumer sentiment reflected increased worries over inflation.     The 30-year long bond, which is particularly sensitive to inflation concerns, was d...