Posted To: MBS CommentaryTwo days… Two catastrophic beatings for bonds. And I keep looking up at the stock chart and it still looks like the top of Bart Simpson's head… The S&P has a lot of 1's in it, and the Dow seems to be 10,4xx every time I glance at it over the past few days. Stocks continue to hold relatively sideways while bonds put bullet after bullet in their heart of hearts. That's right folks! How the mighty have fallen! Not quite as bad as yesterday, but the 4.5 was still down 18 ticks to 100-00 on the nose. Once again, the lower one went in the stack, the worse it got (almost like a convexity problem. Hmmm… I'll have to look into that) as 4.0's were down 22 ticks to 96-28. Folks, we're down 4 HANDLES IN LESS THAN A MONTH! (100 to 96). As we mentioned earlier, last bout…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Olympia Medical Condo Trades for $1M
Dermatology & Allergy Specialists of Olympia acquired a 3,756-square-foot medical office condo at 703 Lilly Road N.E. in Olympia, WA, from a private medical practice for $1.1 million, or about $292 per square foot. The two-story, 12,894-square-foot…

Submit All Offers – 11323 Red Wing Loop, Keno,OR.
Submit All Offers bank deutsche European bank serving the financial needs of corporations, firms, institutions, and private and business clients worldwide.Banque de placements et pargne. Prts hypothcaires et investissements.Investment banking and brokerage services for private wealth and asset management.In former years continental Europe#39s de facto central bank was affectionately known as the #39Buba#39, but most [...]

Lenders Reprice for the Worse. Mortgage Rates Higher
Posted To: Mortgage Rate WatchMortgage rates went into the weekend on a sour note after benchmark Treasury yields moved higher and mortgage backed security prices fell. From a "glass half full" pespective, despite the Friday reprices for the worse, rates end the week basically where they started. Before I tell you what happened with mortgage rates today, I must remind what I wrote on Friday and will likely continue to write into year end : AQ and MG have been talking about "year end" a lot. They note "year end" as a very slow time on Wall Street. This implies the marketplace may move in a volatile manner as many traders take holiday vacations while others simply stop trading so the accounting department can clean up the books for shareholder annual review. Basically, unless some form of major…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Real Estate Markets Showing Strong Signs of Stability Across the Nation!
The real estate market across the nation has stabilized and appreciated over 7%. That is a marked increase and improvement from the numbers last year. Phoenix Arizona Real Estate Market Report Analysis The real estate market in Phoenix, Arizona, while being alive and active, has been hit hard by the sub-prime home loan crisis and [...]

Mortgage Borrowing Costs Still on the Rise
Posted To: Mortgage Rate WatchMortgage rates continued to rise yesterday as benchmark Treasury yields moved higher and prices of mortgage backed securities fell. MBS opened the day weaker and extended losses all the way into the close, forcing most lenders to reprice for the worse. By the end of the day, the par 30 year fixed mortgage rate had climbed to 4.875% (a couple of lenders had 4.75 but only a few). Unfortunately weakness in the rates market has carried over into today…benchmark Treasury yields are still on the rise and mortgage rates continue to creep up. To remind readers, as MBS prices move lower, lenders are forced to increase consumer borrowing costs. While no economic data was released yesterday, a few reports hit news wires this morning. First out this morning was the release of final third quarter Gross…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

MBS CLOSE: Little Changed In The PM, Little Changed This Week
Posted To: MBS CommentaryMore ranges, more pivot points, more trends, more chopatility, more uncertainty, more of EVERYTHING you've come to know and love about 2009. The conclusive tone is used here because nothing changes, nothing will change, and nothing CAN change until some time into the new year. That's it. It's done folks… 2009 is but a fading memory as of 5pm today. The FOMC statement was our last big chance for a piece of data or a headline event to come along and exert such a force on MBS and the yield curve that they'd be nudged off their long term ranges. And though it came closer and gave a better head-fake than any event of the last several months, it failed to confirm, and where do we end up? Let's run down the list: MBS spreads are in a constant state of flux so they get a pass…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

This entry was posted on Wednesday, December 23rd, 2009 at 12:23 am and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.