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Mortgage and Lending - Premiere Mortgage Services Inc. - MLO 18693

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2012 

http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-April 30th, 2012 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services www.BainMortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: dana@bainmortgage.com     ...
04/30/2012
http://www.bainmortgage.com/MortgageMarketWeekInReview Market CommentMortgage bond prices finished the week near unchanged keeping rates in check despite some up and down trading throughout the week. Rates were slightly better Monday morning tied to continued euro zone debt fears. Those gains wer...
04/20/2012
http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-April 9th, 2012 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services www.BainMortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: dana@bainmortgage.com     Market CommentMortgage bond prices finished the week higher helping mortgage interest rates improve. Rates were initially pushed significantly higher following the Fed minutes Wednesday. The Fed basically put on hold any prospect of additional stimulus for now. In addition, some members argued that “the current highly accommodative stance of monetary policy over the medium run could erode the stability of inflation expectations and risk higher inflation.” Fortunately, rates were able to recover the earlier losses and then some following the employment report Friday morning. The payrolls component was weaker than expected which sent mortgage interest rates lower. Mortgage interest rates finished the week better by about 1/4 of a discount point. LOOKING AHEAD EconomicIndicator ReleaseDate & Time ConsensusEstimate Analysis 3-year Treasury Note Auction Tuesday, April 10,1:15 pm, et None Important.Notes will be auctioned.Strong demand may lead to lower mortgage rates. 10-year Treasury Note Auction Wednesday, April 11, 1:15 pm, et None Important.Notes will be auctioned.Strong demand may lead to lower mortgage rates. Fed “Beige Book” Wednesday, April 11, 2:00 pm, et None Important.This Fed report details current economic conditions across the US.Signs of weakness may lead to lower rates. Weekly Jobless Claims Thursday, April 12, 8:30 am, et 350k Important.An indication of employment.Higher claims may result in lower rates. Producer Price Index Thursday, April 12, 8:30 am, et Up 0.3%,Core up 0.2% Important.An indication of inflationary pressures at the producer level.Weaker figures may lead to lower rates. Trade Data Thursday, April 12, 8:30 am, et $49b deficit Important.Affects the value of the dollar.A falling deficit may strengthen the dollar and lead to lower rates. 30-year Treasury Bond Auction Thursday, April 12, 1:15 pm, et None Important.Bonds will be auctioned.Strong demand may lead to lower mortgage rates. Consumer Price Index Friday, April 13, 8:30 am, et Up 0.3%, Core up 0.2% Important.A measure of inflation at the consumer level.Weaker figures may lead to lower rates. U of Michigan Consumer Sentiment Friday, April 13, 10:00 am, et 75 Important.An indication of consumers’ willingness to spend.Weakness may lead to lower mortgage rates. Consumer Price IndexThe Consumer Price Index is widely accepted as the most important measure of inflation. The CPI is a measure of prices at the consumer level for a fixed basket of goods and services. The National Statistics Office and the Bureau of Agricultural Statistics of the Department of Agriculture collect price data for the computation of the CPI. Since it is an index number, it compares the level of prices to a base period. By comparing the level of the index at two different points in time, analysts can determine how much prices have risen in that period. Unlike other measures of inflation, which only factor domestically produced goods; the CPI takes into account imported goods as well. This is important due to the ever-increasing reliance of the US economy upon imported goods. Analysts primarily focus on the core rate of the CPI which factors out the more volatile food and energy prices. High oil prices remain a concern from an inflation perspective. Record debt levels continue to weigh heavily upon the financial markets as well. Inflation, real or perceived, erodes the value of fixed income securities such as mortgage bonds. Rates have a better chance of falling with lower than expected...
04/09/2012
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