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Wednesday, August 31, 2005

Wednesday AM Surprise

Bonds are now at 16/32 and our market is better by .20 PMI came out at 49.2 (down BIG TIME). HMMM , maybe the economy is slowing down. Ride these rallies and lock on them because once Inflation kicks in rates are going to skyrocket up. You should be having rate changes if your rates came out early this AM. Once gas prices start to be passed on into our pricing of products and services we will start to be shocked at the price increases and tighten our spending and the whirlpool begins.

Tuesday, August 30, 2005

Tuesday PM

Bonds are now at +21/32 due to oil prices. The Feds feel oil prices will slow the economy down. Well They are certainly right about that. It may well bring it to a crashing halt. Enjoy the rallies while you can. Our market is better by .15. Maybe a rate change for the better. Its still not quite there yet.

Tuesday AM

Bonds are now + 17/32 and our market has improved .125. Consumer Confidence was up to 105.6 and Factory Orders were down -1.9%. The consumer number was a surprise. Fed minutes are at 2 PM EDT. We will watch the market carefully today for possible movements.

Monday, August 29, 2005

Monday AM

Bonds are now at +12/32 and falling. Our market is flat. Oil is at 69.12 after hitting $70!! It should back off after damage assessment is done. Tuesday brings Consumer Confidence (expected DOWN) and factory orders (expected Down). We are starting to see a hole in the housing dam. Watch out for any sudden shifts in indicators or economic news because it will drive our rates up faster than you can blink your eye. Stay locked and stay happy.

Friday, August 26, 2005

Friday PM

Greenspan said the housing market could burst and it would cause serious trouble. Our market is flat. enjoy the Friday and watch for a possible downturn in our market this afternoon.

Thursday, August 25, 2005

Thursday PM

All quiet today. Bonds are at +11/32 and our market is Flat. Friday Greenspan speaks so be ready for anything.

Wednesday, August 24, 2005

Wednesday AM

Durable Orders were down -4.9% but New Homes Sales were up to 1410K. So far its a wash . Bonds are now at +4/32 and our market is Flat. Watch the stock market and oil prices today for movement in our market. We will keep you informed

Tuesday, August 23, 2005

Tuesday AM

Bonds are at +6/32 and our market is flat. Oil is back up to $66 and the stock market is off because of it. The one piece of interesting news is Existing Home Sales were down to 7.16M. That is a drop of 2.6%. Is it a blip or a sign of something more to come.? Time will tell but we suggest there is more to come as rates move up. Please feel free to comment on your thoughts that you may have on the market .

Monday, August 22, 2005

Monday AM

Good morning Bankers, Brokers & LO's. ,
Our market is off by .1875 this AM with no news BUT Mr. Greenspan speaks Friday. It hard for the Feds to acknowledge the economic problems. We have higher prices and rates ahead. Some of it is due to oil and some due to Inflation creeping up. When 1: material costs go up, 2: wages go up, 3: interest rates go up, then Inflation raises it ugly head. If it's due to oil the Feds will stop raising rates but if it's due to wages etc. ,they will keep raising rates to slow the economy down further. The problem is they are always behind the problem. The economy already starts to slow down before they get it. We will get slammed with a big push up on rates over a period of a few days and then wonder what happened. Be prepared and stay locked. Higher rates are ahead in the not too distant future. Longer locks are not bad right now . Stay locked and stay happy.

Friday, August 19, 2005

Friday AM

Good Morning, Bonds are at -8/32 and our market is off .15. It is due to the bombing overseas in Jordan along with profit taking from the rally. It may be a quiet Friday so enjoy.

Thursday, August 18, 2005

Thursday AM

Bonds are at +9/32 and falling off. Our market was better by .15 but now dropped off to +.05 basis points. Initial Claims were up at 316K & Leading Indicators were down at .1. The market should fall off further but we waiting for the Philadelphia Fed Survey at 12 EDT. Stay Tuned.

Wednesday, August 17, 2005

Wednesday PM

Bonds are now - 10/32 and our market is off almost .20. As we said earlier the news had the smell of inflation. The good news is oil is down almost $2.00. We feel that is just a temporary change and they will push higher. The stock market likes that news but the early news is bad for bonds It could result in rate changes later in the day

Wednesday AM

Good Morning. Bonds are now at Flat and our market is off .10. PPI came out at +1%. That is very high. Even the core came out at +.4%. On the consumer level the price increases have not been passed on YET. Be careful today. The market can swing either direction. This news spells inflation no matter how you look at it.

Tuesday, August 16, 2005

Tuesday AM Rally

Bonds are at +16/32 and our market is better by .25. CPI was .5 (up) but the Core CPI was just .1. Housing Starts and Building Permits were both also up. Industrial Production was .1 (down). Overall the mix was positive other than the oil problems. Use this rally for your benefit and remember rates are still in a upward movement overall.

Friday, August 12, 2005

Friday AM

Bonds are now at +17/32 and our market is better by almost .25. Oil is over $66 and the stock market is down -65 points. Import prices were up 1.1 % when you include oil. The Feds are not happy with that. The trade balance widened to 58.8B. Our market is riding the stock market drop but we will catch up with the bad news later. Lock these rallies this morning.

Thursday, August 11, 2005

Thursday PM Update

Bonds are now at +17/32 and our market is better by .15 - .20. Retail Sales came out at +1.8 (up slightly). Initial Claims were 308K (slightly lower). Our rally is from a good 10 year auction. On the downside is oil prices which hit $66.00. WOW! Is there a odor of inflation in the air? The feds say no and that oil can go higher without any problems. What do you think?

Wednesday, August 10, 2005

Wednesday PM

Bonds are now -6/32 and oil prices are 64.50 a new high. Our market is going on the minus side as we write this. Remember our AM market notes and stay locked.

Wednesday AM

Bonds are now at +1/32 and our market is flat. The little kick in rates was a sigh of relief. The Feds are meeting Sept 20 and going to raise rates again. Don't be fooled into thinking rates are not going up . They already have and will continue to do so. Stay locked.

Tuesday, August 09, 2005

Tuesday Notes

Bonds are down -4/32's. Oil prices are still high at $63.70. The Feds are meeting at 2:00 pm EST and will be raising rates a quarter. Stay tuned for possible movements this afternoon.

Monday, August 08, 2005

Monday PM

Our market is now off almost .25. Oil hit $64 today. Dont get caught holding loans. Lock as you go and count the cash flow.

Monday AM

bonds are -2/32 and our market is flat BUT oil prices are now 63.40 ! That spells inflation. The Feds will act Tuesday and raise rates again. Look at our rates. They are close to 6 and moving up. Customers need to understand rates are going up and lock in while they can. Even longer lock periods are not bad now that the spread is a lot less than normal. Stay tuned for any changes

Friday, August 05, 2005

Friday AM Bomb

Bonds are now -24/32 and our market has lost OVER .30 basis points. That means our rates have gone up 1/8 today. Nonfarm Payrolls came in higher at 207K. The economy is still heating up and the Feds are determined to stop it with rate hikes which mean higher rates. WATCH your pipeline and stay locked and stay happy. Be ready for more rates changes today.

Thursday, August 04, 2005

Thursday AM

Initial Claims up slightly at 312K. Our market is flat.Friday brings Nonfarm payrolls (expected up) & Unemployment Rates (expected unchanged). The BIG news is Next Tuesday when the Feds meet and raise rates AGAIN. The trend is up and you cannot wish it back down. 7% rates are not bad.
Enjoy the day and lets do some locks.

Tuesday, August 02, 2005

Tuesday AM

Bonds are back to -6/32. Personal Income & Spending were up . Factory Orders came in at up 1% but were lower than last month. Our market is flat but there is definitely a push upward toward higher rates. We cannot WISH rates lower. The Feds appear to be ready for one more rats increase.


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