30 YEAR FIXED NOTE RATE: 5.75-5.875% LOCK RECOMMENDATION: WAIT FOR THE FED DECISION IF LOCKING TODAY. FUTURE LOCK RECOMMENDATIONS WILL DEPEND ON HOW THE MARKETS REACT TO THE RATE DECISION AND THE IMPORTANT STATEMENT THAT FOLLOWS. ANY NEGATIVE NEWS ABOUT ECONOMIC GROWTH AND POSITIVE NEWS ABOUT INFLATION...
The pending home sales figures were released at 7AM this morning and are usually not a big mover of markets. Pending sales were up slightly at .6% month over month, but down 18.4% year over year. In other gloomy news, the National Association of Realtors only expects sales to increase by .5% in 2008...
The much-anticipated jobs report was released this morning. Estimates called for anywhere for anywhere from 65,000 - 90,000 new jobs to be added. The report slightly exceeded expectations coming in at 96,000. However, this was a downward movement from the previous month. In addition, consumer sentiment...
30 YEAR FIXED NOTE RATE 5.5% LOCK RECOMMENDATIONS - LESS THAN 2 WEEK CLOSING ................ LOCK - 2-4 WEEK CLOSINGS. ............... FLOAT - 4+ WEEK CLOSING ................ FLOAT - CONSERVATIVE CAVEAT ................ RATES ARE AT THE
BOTTOM OF TRADING RANGE. CONVENTIONAL WISDOM BASED ON TECHNICAL...
30 YEAR FIXED NOTE RATE 5.5% LOCK RECOMMENDATIONS - LESS THAN 2 WEEK CLOSING ................ FLOAT - 2-4 WEEK CLOSINGS. ............... FLOAT - 4+ WEEK CLOSING ................ FLOAT - CONSERVATIVE CAVEAT ................ RATES ARE AT THE BOTTOM OF TRADING RANGE. CONVENTIONAL WISDOM BASED ON TECHNICAL...
30 YEAR FIXED NOTE RATE = 5.5% LOCK RECOMMENDATION: < ONE WEEK = LOCK > ONE WEEK AGGRESSIVE = FLOAT > ONE WEEK MODERATE = FLOAT > ONE WEEK CONSERVATIVE = LOCK The Institute for Supply Management released it's index this morning. Though the 50.8 reading was a small amount higher than expected...