The Mortgage Dude’s Blog

Daily Rate Lock Recommendation – 08/25/2010

Published on 2010-08-25 11:51:08

Wednesday’s bond market has opened in positive territory following favorable economic data and early stock losses. The stock markets initially opened well into negative territory, but have since recovered a good portion of those earlier losses. As the major stock indexes climbed from morning lows, the bond market gave back some of its early gains. [...]

Daily Rate Lock Recommendation – 08/24/2010

Published on 2010-08-24 12:30:26

Tuesday’s bond market has opened in positive territory after news of a large drop in home sales. The stock markets are reacting negatively to the news with the Dow down 81 points and the Nasdaq down 22 points. The bond market is currently up 18/32, which should improve this morning’s mortgage rates by approximately .250 [...]

Daily Rate Lock Recommendation – 08/23/2010

Published on 2010-08-23 11:15:52

Monday’s bond market has opened down slightly following early stock gains. The stock markets are kicking the week off with the Dow up 52 points and the Nasdaq up 6 points. The bond market is currently down 4/32, which should push this morning’s mortgage rates higher by approximately .125 of a discount point. There is [...]

Mortgage Market News for the week ending August 22, 2010

Published on 2010-08-22 21:45:44

      Rates Remain Low The economic environment for mortgage rates was little changed this week. Weaker than expected economic data and continued low inflation supported low rates, and investor demand for bonds remained high. As a result, mortgage rates again ended the week a little lower. As the economic recovery has lost steam recently, [...]

Daily Rate Lock Recommendation – 08/20/2010

Published on 2010-08-20 10:30:51

Friday’s bond market has opened flat even though the stock markets are posting another round of losses. The Dow is following yesterday’s 144 point drop with a 74 point loss during early trading. The Nasdaq is currently down 8 points after losing almost 37 points yesterday. The bond market is currently nearly unchanged from yesterday’s [...]

Daily Rate Lock Recommendation – 08/19/2010

Published on 2010-08-19 13:03:52

Thursday’s bond market has opened in positive ground following significant stock weakness and favorable economic data. The Dow is currently down 172 points while the Nasdaq has fallen 40 points. The bond market is currently up 13/32, but we may not see much of an improvement in mortgage rates due to weakness late yesterday. The [...]

Daily Rate Lock Recommendation – 08/17/2010

Published on 2010-08-17 15:10:08

Tuesday’s bond market has opened in negative territory after the two more important economic reports of the morning revealed stronger than expected results. The stock markets are reacting favorably to the news with the Dow up 54 points and the Nasdaq up 20 points. The bond market is currently down 13/32, which will likely push [...]

Daily Rate Lock Recommendation – 08/16/2010

Published on 2010-08-16 12:31:56

Monday’s bond market as opened well in positive territory after news broke that there was a net gain in foreign holdings of U.S. Treasuries during June. The stock markets were unaffected by the news. The Dow and Nasdaq are both starting the week with 13 points gains. The bond market is currently up 20/32, which [...]

Daily Rate Lock Recommendation – 08/13/2010

Published on 2010-08-13 12:30:40

Friday’s bond market has opened in positive territory after this morning’s key economic data gave us mixed results. The stock markets are in negative territory again, but only by a few points. The Dow is currently down 7 points while the Nasdaq has lost 9 points. The bond market is currently up 8/32, but due [...]

Daily Rate Lock Recommendation – 08/12/2010

Published on 2010-08-12 13:29:13

Thursday’s bond market has opened flat following weaker than expected results from today’s minor economic news. The stock markets are extending yesterday’s sell-off after tech-giant Cisco Systems reported disappointing earning results. The Dow is currently down 58 points while the Nasdaq has lost 18 points. The bond market is currently up 2/32, which will likely [...]