A Look ahead at events that can effect Mortgage bond prices 11.01 to 11.05

The Fed meeting this week will be the most important release.  While no rate change is expected the wording of the statement will be carefully scrutinized. LOOKING AHEAD 11.01 to 11.05 Economic Indicator Release Date & Time Consensus Estimate Analysis Personal Income and Outlays Monday, Nov. 1, 8:30 am, et Up 0.3%, Up 0.4% Important.  A measureContinue reading “A Look ahead at events that can effect Mortgage bond prices 11.01 to 11.05”

Maine Mortgage Market Update 10.27.2010

Mortgage bond prices opened lower Wednesday morning addling to the losses seen Tuesday afternoon. Rates are under pressure from strong economic data released this morning. In news released at the open, orders for durable goods rose 3.3%. Traders were expecting orders to rise 1.8%. That data was sharply higher than expectations and not bond friendly.Continue reading “Maine Mortgage Market Update 10.27.2010”

Maine Mortgage Market News – 10.20.2010

Mortgage bond prices opened negative this morning erasing some of the gains from yesterday afternoon. We rallied yesterday following significant stock weakness. The DOW closed down 165 points. Stock futures point to a positive open later this morning. We will see how things progress. If stocks rebound we could see further weakness on the day.Continue reading “Maine Mortgage Market News – 10.20.2010”

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