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Wednesday, November 30, 2005

Wednesday AM

Bonds are drifting off again at -6/32 and our market is now off .125. from this morning. Possible rate changes so be careful. Remember this rally will not last and rates are going up. The Fed talk at 2 PM EDT about the economy so be ready. GDP was up at 4.3 and Chicago PMI was down at 61.7. It was a wash. Do not be fooled into thinking rates are going to stay LOW. They will be going up.

Tuesday, November 29, 2005

Tuesday AM

Bonds are now at -9/32 and our market is off .25. Durable Goods were up 3.4%. Consumer Confidence was up to 98.9 and New home Sales were up at 1424K. That is too much good news for our market. Drop the price of gas and look how happy everyone is!! Except if you work at GM, Merck Etc. Oh excuse us everything is wonderful. Stay on your guard. More indicators to come

Monday, November 28, 2005

Monday AM

Bonds are now +13/32 and our market is flat. Existing home sales were down to 7.09 M. That is down 2.7% .There a lots of Indicators coming out this week and the Feds meet on Dec 13 to see about raising rates again. This is just a little rally so enjoy it.

Friday, November 25, 2005

Friday PM

No News today. Bonds close early so enjoy the weekend and be ready for next week

Wednesday, November 23, 2005

Wednesday PM

Bonds are now at the low of the day -20/32. Our rates are off .125. Intial Claims were up to 335K. The bond market did not like those numbers. Enjoy the day off.

Thursday, November 17, 2005

Thursday PM Update

Rates changes should be ahead for about .25 BETTER. Phil. Fed Survey came in very low at 11.5 showing a lack of confidence in the economy. Wait for your rate changes!!!

Thursday AM

Initial Claims came out lower at 303K. Housing Starts came in lower at 2014K Building Permits were also down at 2071K. Ind. Production was UP at .9% It APPEARS the economy is trying to stay afloat but is struggling. Our market is down-.1875. Bonds are at -8/32. We lost some of our gain but not all from Wednesday. Stay tuned for Phil. Fed Survey at noon.

Wednesday, November 16, 2005

Wednesday AM

Our market is better this AM by +.1875. CPI was at +.2 because of housing cost. A drop in energy prices has helped us for now but what about a cold winter? We are now approaching 6.5 in rates and could 6.75 by years end. Stay locked and stay happy.

Tuesday, November 15, 2005

Tuesday AM

PPI came out at .7 which is still high but Retail Sales were not down as much as expected (-.1). We are now on the plus side by +.05. It is pretty much a wash but lots of big numbers are coming out on Thursday so be ready for a move. We still are on a uphill battle with rates going up .

Monday, November 14, 2005

Monday AM

Good Morning. All is quiet this morning as there are no indicators today. Our market is off -.15 and falling so there may be rate changes this afternoon for the worse. Tuesday brings Retail Sales (expected down) and PPI ( expected down) so it may be a wash unless they come as differently than expected. The Feds meet in one month to raise rates again so stay locked and out of trouble.

Thursday, November 10, 2005

Thursday PM

There was a great treasury auction today and it has now boosted out market by+.40 !! Lock these highs. You should be having rate changes anytime. Enjoy the long weekend.

Wednesday, November 09, 2005

Wednesday PM

Rates are changing so lock early. Our market is now off-.25 and bonds are off -19/32. The oil inventory came out very high but oil prices STILL went up! The stock market has rebounded. There is no good reason but sometimes there does not need to be any reason but buyers and sellers. Are you quoting 6.125 % today with no points???

Wednesday AM

Bonds are now at -13/32 and our market is down -.125. The stock market is waiting to see oil supply reports this AM which could drag down oil stocks along with the whole market if supplies are up. Stay tuned because the market could change after 10:30 EDT.

Tuesday, November 08, 2005

Tuesday AM

A rally today because of the stock market diving gave us a gain of +.25. Grab these rallies. They will slowly be in the past. No news until Thursday and the market is closed Friday. It should be a hohum week for the most part but could easily fall off for the long weekend.

Monday, November 07, 2005

Monday AM

After a rough week we are back on the plus side at +.1875. The main indicators come out on Thursday so watch for oil prices and the dollar along with the stock market. The market is very weak and rates will continue to go up. There is no question about that. Enjoy the week.

Thursday, November 03, 2005

Thursday AM

Factory Orders were off - 1% and Intial Claims were slightly down at 323K so it looks like a down market today. Bonds are +3/32 but our market is off by -.10 basis points. Watch out for possible rate changes today . Rates are moving up slowly but surely. A lot of Brokers are dropping their fees and working for 1 point or less on big loans. Be mindful of it.

Wednesday, November 02, 2005

Wednesday PM

Bonds are now at -4/32 and our market is off -.15 basis points. We are now working toward 6.5 in rates. The Feds say they will raise again when they meet Dec 13 so be ready for higher rates. We are going to hit 7% within a short period of time. Thursday brings Intial Claims ( expected up slightly) & Factory Orders (expected down) . Friday brings Unemployment and Nonfarm Payrolls both expected up so it may be a wash. Be alert and stay locked.

Tuesday, November 01, 2005

Tuesday PM

All is quiet awaiting the Feds announcement ar 2:15 EDT. Our market is off .10 . Stay Tuned!

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