John Tuggle's (youhomeyouloan) Blog

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Mortgage and Lending - John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd. - NMLS# 211187

ARCHIVED BLOG POSTS

2009 

The FOMC policy statement was about the same as the March 18th meeting; the fly for treasuries and to a lesser extent mortgages, was that the Fed did not increase the purchases of treasuries or mortgages from what it announced at the March meeting ($750B of MBSs and $300B of treasuries). And the ...
04/29/2009
Treasuries this morning in early activity (8:00) were sitting unchanged from last Thursday; by 9:00 prices were increasing and yields falling. At 9:30 the 10 +13/32 at 2.88% -4 BP, mortgage prices at 9:30 +1/32. Today treasuries will likely find a little support as the Fed will buy more treasurie...
04/14/2009
On Wednesday, the Senate unanimously approved my amendment to the Fiscal Year 2010 Budget Resolution that seeks to stimulate the nation's declining housing market by providing for a $15,000 tax credit to individuals who purchase a home in the next year.   My amendment creates a deficit-neutral re...
04/04/2009
  Not a good day in the bond market; the 10 yr clearly broke its near term support and is now poised to move to 3.00% area. Mortgage rates also moved higher today, following the 10 yr note. Supply is the culprit; as we have talked many times, the long end of the curve is not likely to move much l...
04/03/2009
The Federal Reserve Bank of New York announced Wednesday several additional days that it would purchase Treasury securities in April. Besides a previously announced operation on Thursday, it will hold five more starting next week. The Fed specified what securities it may purchase on given days, i...
04/01/2009
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John F Tuggle

Certified VA Expert Renovation Program Specialist
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