Tag Archives: fomc

My Thoughts for the Week of Sept 15, 2014

It’s been a busy summer for my office in both purchases and refinances as rates improved to 12 month lows. The industry has been expecting rates to move higher as the Fed eased their bond purchasing program, but International conflicts … Continue reading

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My Thoughts for the Week of May 19, 2014

Not much on the economic calendar this week but what is there will draw a lot of attention. Both existing and new home sales for April, and the minutes from the last FOMC meeting (4/30) are the keys this week. … Continue reading

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My Thoughts for the Week of March 17, 2014

The US 10 Yr Treasury bond is kind of the Vegas odds indicator for world events. As uncertainty and fear over Crimea/Russia grew again last week money moved into Treasury bonds with the yield dropping from 2.80% to 2.64% and … Continue reading

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My Thoughts for the Week of February 3, 2014

A lot of recent turmoil in stocks with the Dow dropping over 5% in January and economic uncertainty in emerging countries. The result has been a safety move into US bonds once again which has helped lower mortgage interest rates. … Continue reading

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My Thoughts for the Week of January 27, 2014

A lot of economic data for markets to digest this week, including the FOMC meeting and policy statement being released on Wed. Markets are trying to anticipate whether the Fed will further reduce their Treasury and Mortgage bond purchasing. Economic … Continue reading

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My Thoughts for the Week of December 16, 2013

Rates suffered a little more last week before rebounding a tad on Friday, overall ending the week just a little worse than we started. No change to interest rates, just a slight change to the credit associated with each rate. … Continue reading

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My Thoughts for the Week of November 25, 2013

November 1st fell on a Friday this month. If the 1st would have been on Thursday, Thanksgiving would have been celebrated last week and we’d be recovering from Bloody Friday, I mean Black Friday’s shopping spree. President FDR altered Lincoln’s … Continue reading

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My Thoughts for the Week of Sept 16, 2013

You may have heard over the weekend that Larry Summers withdrew himself from consideration to be the next Chairman of the Fed when Bernanke steps down in a few months. This pretty much means that Janet Yellen will be the … Continue reading

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My Thoughts for the Week of Aug 5, 2013

Saturday was National Watermelon Day, I hope everyone snacked on a nice cold slice of watermelon and enjoyed their weekend. Last week was quite a wild ride. The FOMC meeting that concluded on wed was pretty uneventful. Everything that was … Continue reading

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My Thoughts for the Week of July 29, 2013

Last week we saw Mortgage Backed Securities worsen by about 50 basis points, which caused mortgage rates to move higher by about .125%. This brought an end to the 2 previous weeks of rate improvements that I was expecting after … Continue reading

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