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Mortgage and Lending - Amerifirst Financial, Inc.
RECENT BLOG POSTS
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Treasuries and mortgage backed securities are up this morning ahead of Bernanke's annual speech in Jackson Hole, Wyoming.  We rallied ever further following the GDP report which showed that the economy grew 1 percent, which was slightly less than expected. Good luck to your business and have a gr...
08/26/2011
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Treasuries took a small hit yesterday after a report showed durable goods orders rose in July by 4%, twice the amount forecasted, renewing some optimism that the U.S. recovery may accelerate.  The House Price Index came in at .9%, beating expectations by .2%  Good luck to everyone and have a grea...
08/24/2011
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Treasuries and mortgage backed securities are down again this morning on speculation that the Fed will be taking additional steps to boost growth in the US.  In economic news, the new home sales report is expected to show that sales were lower in July. What a great time to be in the mortgage and ...
08/23/2011
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U.S. Treasuries fell on speculation that Federal Reserve Chairman Ben Bernanke will signal additional measures to stimulate the economy which has cooled demand for the safer assets.  Some of the key economic reports this week include the housing reports, durable goods report along with GDP and th...
08/22/2011
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More fears about the global economy drove longer-dated treasuries to rally as perceptions about the U.S. and the euro zone worsened on weak economic data.  However, in the mortgage world, money managers and hedge funds were better sellers, and in turn, mortgages did not keep up with the rally.  G...
08/19/2011
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Treasuries opened higher this morning, then continued to rally following the unemployment report.  More americans than forecasted filed applications for unemployment last week, signaling the labor market is struggling to recover.  The Consumer Price Index, which indicates the cost of living, rose...
08/18/2011
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Treasuries dropped slightly after the Producer Price Index showed wholesale costs in the US increased in July by .2%.  This was after a .4% drop in June.  Slowing sales and drops in the price of raw materials means companies will be less likely to raise prices, which may give the Federal Reserve ...
08/17/2011
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Builders began work on fewer homes in July, indicating residential real estate is failing to contribute to US growth.  In other economic news, industrial production climbed to .9 percent, which has sent bond prices down off their highs this morning.  Make sure to have a very good day today and go...
08/16/2011
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The market rallied last Friday following the dissapointing consumer confidence reading of 54.9, and the market opened up fairly flat to where we closed Friday afternoon.  In terms of economic releases we have a big week with some of the important releases including the housing reports along with ...
08/15/2011
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The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Wednesday. The Consumer Price Index (CPI), the most clos...
08/14/2011
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Ryan P.McDonough

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