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Monday, October 31, 2005

Monday AM

Bonds are now +8/32 and our market is better by .10 . Chicago PMI came out higher along with Personal Income. Feds are meeting Tuesday to raise rates. Can you see our rates going up. They will continue to do so. We will see 6.5 before too long. Stay locked!!!

Friday, October 28, 2005

Friday Market Notes

GDP came in strong at 3.8%, which was higher than expected. This sent Bonds down, which are currently at -10/32's. Our market is off almost .25 from this morning. Get your locks done before we have rate changes.

Thursday, October 27, 2005

Thursday Market Notes

Bonds are +11/32's. Durable Orders, Initial Claims, and New Home Sales all came in lower than expected. Our market is better by nearly 1/8th. Rates will continue to rise, and Greenspan should prove that when he speaks next week. Now is a good time to lock before rates get any worse. Have a great day!

Tuesday, October 25, 2005

Market Notes for Tuesday

Existing Home Sales were the same as last month which was higher than expected, but Consumer Confidence was down slightly. So the indicators are a bit of a wash. Bonds are currently +3/32's. Our market is up slightly. The nomination of Ben Bernanke to replace Greenspan could cause the market to rally as well.

Thursday, October 20, 2005

Thursday AM Mix

Initial Claims came in lower at 355k but Leading Indicators came out at 10 EDT higher at -.7. Oil Prices have dropped almost $2 so we have a big mix of highs and lows. Overall our market is off -.10. Bonds are now -4/32. Stay alert for changes with the hurricane also.

Wednesday, October 19, 2005

Wednesday AM Surprise

WOW! Housing Starts were up at 2108K and Building Permits were also up at 2189K. We have a nice rally this AM of about .20 basis points. Enjoy the rally that surprised us but do not be fooled into thinking this is permanent.

Tuesday, October 18, 2005

Tuesday AM

PPI came out at +1.9 % , the highest in 15 years. Does that sound like INFLATION?. Our markets are flat now but they had fallen off and then came back. With this figure it should be a down day but time will tell . Housing Starts and Building Permits come out Wednesday. Watch the day and we will keep you informed.

Monday, October 17, 2005

Monday PM

All is quiet today with a flat market on everything. Tuesday brings PPI, (expected higher) ,Housing Starts & Building Permits (both expected lower). We could very easily have a BAD day . Rates are now working up to the 6.5 % level and the feds meet in 2 weeks to raise rates again. Are you ready? STAY LOCKED.

Friday, October 14, 2005

Friday AM

What a day for indicators! Our market should start heading south shortly. Bonds were at +19/32 but are now at +6/32 and our market is now flat. CPI came in 1.2 (very high), Ind. Production was down-1.3%, and the Michigan Survey came in lower at 75.4. If you have your rates then lock your loans before they change. Can you say 7%. Practice it so you can say it in a little while.

Thursday, October 13, 2005

Thursday AM

Bonds are down -12/32 after being down -23/32 and our market is off again by-.15 basis points. Import prices were up the highest in 15 years at +2.3%. Initial Claims were at 389K which was much higher than expected. Rates have went up .125 in just 2 days. Be careful and read our old comments about higher rates ahead. We are going into the 6's shortly. Friday brings the CPI which is expected to be up 1% which will not be pleasant for us. STAY LOCKED!

Wednesday, October 12, 2005

Wednesday AM

Bonds are now at -16/32 and our market is off -.10 basis points. There are no indicators today so we are just working on the stock market (up) and oil prices (up) . We are now at the 6 % mark in rates and could move higher shortly. So locked and stay happy.

Tuesday, October 11, 2005

Monday AM

Bonds are at -3/32 and our market is flat. Fed minutes at 2 PM EDT may give us some insight on their plans but they are raising rates again Nov 1 and our rates will continue to rise also. Face the facts, when we start to see more inflation the Feds are really going to fight hard to keep it down with higher rates. Oil prices have been fueling inflation and price increases will be passed on for everything you buy. Lock as you go and count the cash flow! Lot of indicators coming out on Friday. No indicators on Wednesday. Enjoy the week.

Friday, October 07, 2005

Friday AM

Bonds are at -09/32 and our market is off about .05. The number were: Unemployment Rate at 5.1% but Nonfarm Payrolls were only off -35K. We may come but later in the day but the market closes early because of the holiday. We will keep you informed. It was fortunate Nonfarm payrolls were not off more or we could have been slammed. Enjoy your long weekend.

Thursday, October 06, 2005

Thursday AM

Initial Claims came out higher at 390K. This was mostly due to the hurricanes. Bonds are +1/32 and our market is flat. Oil is down but gas prices are not! Friday brings all the indicators so be ready.
Rates are still moving upward.

Wednesday, October 05, 2005

Wednesday PM

No surprises today. Everything is quiet. Bonds are at +8/32 & our market is better by 5 to 10 basis points. Thursday brings the indicators so be ready for a market movement. Even the stock market is dead. Maybe everyone is getting ready for the long weekend! Enjoy your peaceful day.

Tuesday, October 04, 2005

Tuesday AM

Factory Orders came in at +2.5 which gave a boost to our market this AM. Bonds are at +11/32 and our market is better by .125. Remember though we have been beat up the last 2 days and are now at almost 6 % rates. The Feds meet Nov 1 and will raise again so you don't have to be a rocket scientist to know the trend is up. We are going into the 6+ % in interest rates and those rates are still GREAT. Thursday brings initial Claims (expected up) , Unemployment Rate (expected up ) and NonFarm Payrolls (expected down) . That could hurt us. Stay tuned. The president is speaking this AM .

Monday, October 03, 2005

Monday AM

Bonds are now down -24/32 and our market is off .28 so lock now before the rates change again. ISM index came in strong at 59.4 and caused a push on rates. We have a lot more indicators this week so be careful and be ready for a fast move at times.


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