Santos's Blog

Prices may have finally found a bottom!  Back on May 15th, we issued a very important lock alert as prices broke below a very important floor of support.  We have often discussed the importance of this floor and how prices had only crossed it twice in over two years.  This crossing represented a ...

OUCH!!!Bonds woke up in a bad mood today and are currently down -28 basis points.  The Core Personal Consumption Expenditure (PCE) Index for April, which measures core consumer inflation, was reported below expectations at 0.1%.  But more importantly, the small 0.1% rise in April helped lower the...

Cedar Point's Top Thrill Dragster has a 420 feet (42 stories), 120 mph drop.  It is a TOTAL blast for anyone who is a roller coaster fanatic like myself.  But at least the Top Thrill Dragster stops.  Mortgage bonds continue their downward trend in pricing / interest rate increases.Bonds are curre...

I FINALLY got my new yard signs for a few niche programs that we are offering:MORTGAGE MAKEOVER (we liked PIMP MY HOUSE but management wasn't going for it!)--Many homes out there need a new kitchen or a new roof......or both.  The seller may not want to do the improvements and sell the house "as ...

Good Wednesday Morning, All! Try and keep cool today, folks....it's going to be a hot 91 degrees today.  Summer is definitely here!"You can't triple stamp a double stamp Lloyd!" ...from the smash comedy hit, Dumb and Dumber.  But that's just what the Chinese government did.  In an effort to cool ...

TGIF!!!!!! The sun is shining.....temp is nice and comfy.........and it's Friday.........it's a great day!!! Well, now that takes care of the good, fun stuff.  In terms of the mortgage market......."Don't try to catch a falling knife."  This is what Bond traders are saying to each other in the pi...

Good Afternoon Everyone!As we suggested earlier in the week, customers should have locked their interest rates.  Those customers who locked their loans have saved themselves tens of thousands of dollars in interest over the term of their loans.  Today, the price of mortgage bonds continues to dec...

"Be careful what you wish for, you just might get it".  The Bond market got what it wanted as the Core Consumer Price Index showed tame consumer inflation. The Core CPI for April was reported up 0.2% which lowered the year over year Core rate to a better than expected 2.3% and closer to the Fed's...

Just as we mentioned in yesterday's Daily Update, we knew the Fed would not make any changes to the Fed Funds Rate following yesterday's meeting - and sure enough, the Fed voted to leave monetary policy "as is", with the Fed Funds Rate held steady at 5.25%. However, it was the tone of the Policy ...

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Economic growth slowed in the first part of this year and the adjustment in the housing sector is ongoing. Nevertheless, the economy seems likely to expand at a moderate pace over comin...