maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, April 25, 2008 - 04/25/08 09:10 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Consumer Sentiment was expected to be at levels higher than last month but ended up falling to less than what it was las month.  Neither terrific nor horrific, but in an environment starved for news on where to take direction - an overall positive note for bonds.
Technically speaking - the FNMA 5.5% 30 year bond though still below the 50 & 100 day moving averages is … (2 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, April 24, 2008 - 04/24/08 08:32 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Good (Bad) News of the day - Durable Goods Orders were down 3/10% as opposed to the expected 1/10% rise.  The Bad (Good) News of the day - Jobless Claims fell 30,000 jobs.  It appears the markets are putting more credence into the 2nd bit of news.  The bond market has been open less than 1.5 hours and we are already down 50 bps.    
Technically speaking - … (1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, April 23, 2008 - 04/23/08 08:29 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Yesterday Existing Home Sales came in right on target which did little to sway the markets.  The moving of the bond market was the continue bearish behaviour of Wall Street.  Only scheduled reporting of the day has to do with oil inventories.  This affects the bond market very little.  
The only thing that might adversely affect the market this morning is the news that Bank of America … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, April 22, 2008 - 04/22/08 07:48 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
We are still a day from any regular scheduled economic reports.  Therefore bonds will be taking some direction from stocks today.    
Technically speaking - the FNMA 5.5% 30 year bond bounced above the 50 day and 100 day moving average yesterday.  This morning the bond dropped down to test the 100 day moving average (currently higher than the 50 day by 13 basis points (bps).  The … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, April 21, 2008 - 04/21/08 08:05 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Regularly scheduled market reports are not due out again until Wednesday.  Bonds will be taking direction from other sources.   Friday proved this out.  The day started with a significant increase in the stock market and predicable response from the bonds of opening low and staying low most of the day.  The last few hours of Friday resulted in bonds improving significantly.  This appears to have … (1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, April 18, 2008 - 04/18/08 08:04 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Talk about jittery for all the wrong reasons.  Citibank reported earnings this morning.  They had a bigger loss than expected, $13 billion in write downs, but because some revenue streams came in higher stocks across the board are way up in pre-market trading. 
Yesterday, the Fed had another auction that went quite well.  In fact, so well that bonds actually ended up yesterday.  Since there won't … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, April 17, 2008 - 04/17/08 09:15 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
All the rosy news that came out yesterday was for not.  The stock market really liked it all, therefore since bonds move in the opposite direction of stocks, bonds took a major hit yesterday.  One major item coming out was the Beige book report.  This can act as a guide to how the Fed will be seeing and (re)acting at their next meeting at the … (3 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, April 16, 2008 - 04/16/08 08:52 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Consumer Price Index came in at levels analysts expected.  Housing starts plummeted to 17 year lows while permits also fell more than expected.  While capacity utilization fell slightly, Production rose slightly. 
What does all this mean - if we are not currently in a recession, then a major slowdown is in the works.  In other words - DUH.
Technically speaking - the FNMA 5.5% 30 year … (1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, April 15, 2008 - 04/15/08 07:41 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Producer Price Index was released just a little bit ago.  The overall index jumped by nearly .5% while the core index (excluding food & energy) remained constant.  The NY Manufacturing survey showed a surprise jump as well.  This show increased strength in one corner of the country and a possible increase in inflation.  Both of these while balance out in the market are overall bad … (5 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, April 14, 2008 - 04/14/08 07:52 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
This morning the Retail Sales report came out with a mixed bag.  All sales was actually a 1/10% higher than expected, where as the less volatile report that doesn't include auto sales was lower by 1/10%.  This couple with what appears to be a very weak start to Wall Street due to banking concerns could lead to a better start for bonds.
Technically speaking - the … (5 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, April 11, 2008 - 04/11/08 09:19 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Consumer Sentiment was reported this morning coming in lower than expected.  This coupled with the negative news reported by GM is going to cause good things for rates.
Technically speaking - the FNMA 5.5% 30 year bond is currently resting on the 10 day moving average.  The news from the morning should cause the bond to rise back into a rather narrow trading range while it waits to see … (2 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, April 10, 2008 - 04/10/08 08:01 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Initial Jobless claims for last week came in lower than expected.  The trade deficit increased by 5% over the last reading - better than expected.  Though both these numbers indicate better readings than analyst expectations, they are still showing a dreary look on the economy.
Technically speaking - the FNMA 5.5% 30 year bond rose above a key support level yesterday.  Though a slight improvement is … (0 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, April 9, 2008 - 04/09/08 08:31 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Big news of yesterday was the release of the minutes from the last Fed meeting.  A serious pessimism appears to be occurring amongst the Fed members that the economy could be in a continued downturn for the remainder of the year.  Currently the pundit's consensus is another 1/4 point rate cut at the Fed's next meeting on April 30.  With no other news being released … (5 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Tuesday, April 8, 2008 - 04/08/08 08:08 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Though bonds will be taking their lead from stocks this morning, the report that could have an impact will be released later today - the minutes from the Fed's last meeting.  Stock and Bond traders alike will be looking to see what was discussed and what the Fed will be likely to do the next time they meet. 
Technically speaking - the FNMA 5.5% 30 … (7 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, March 7, 2008 - 04/07/08 08:59 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
No News on tap for today.  Federal Reserve Meeting Minutes from when the Fed dropped rates 3/4% is due out tomorrow.  Since there is no scheduled news today, bonds will be taking direction from stocks. 
Technically speaking - the FNMA 5.5% 30 year bond fell this morning at the opening to a key level of support.  Holding to this level throughout the day would be … (1 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Friday, April 4, 2008 - 04/04/08 07:53 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Well - here's an interesting tidbit of information.  Remember that ADP report from Wednesday?  According to government statistics, ADP is perhaps not the best source of information.  Government pencil pushers - or perhaps it's the software - says the American economy actually lost 80,000 non farm payrolls.  Also, the unemployment numbers ticked up by .1% to 5.1%
Definite signs of an economic slowdown if not the … (2 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Thursday, April 3, 2008 - 04/03/08 07:41 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
That "new fangled" report coming out yesterday?  Well, they were a bit off.  Jobless claims came in more than 10% higher than expected.  This is good news for bonds.  At 10 AM, the Services Index is released - if this is way off the mark I will update this post. 
Technically speaking - the FNMA 5.5% 30 year bond bounced of the 50 day moving … (5 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Wednesday, April 2, 2008 - 04/02/08 07:30 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
A "new" report has been introduced to the national consciousness.  The payroll company ADP, which has the lion's share of payroll reporting business, has reported an increase of 8,000 jobs for March.  Though ADP isn't the best in accuracy, they do give a decent reading on how things will fare when the jobs report comes out on Friday. 
Technically speaking - the FNMA 5.5% 30 year bond has managed … (0 comments)

maryland mortgages: Should I Lock? Should I Float? - Daily Update for Tuesday, April 1, 008 - 04/01/08 09:38 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
A national index of purchasing executives was released today- ISM Index - coming in slightly higher than expected.  This coupled with a key economic report on construction spending coming in better than expected has given boost to the stock market.  Lastly, the large European bank, UBS, said that it wrote down $12.1 Billion or over $90 Billion in losses over the past 9 months due … (2 comments)

maryland mortgages: Should I float? Should I lock? - Daily Update for Monday, March 31, 2008 - 03/31/08 08:59 AM
Here are the daily thoughts on floating or locking if you are asked by your clients. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
The Chicago "Business Barometer was release a little bit ago.  It came in higher than expected though still showing the economy being in contraction. Be ready for another wild ride this week.
Technically speaking - the FNMA 5.5% 30 year bond currently above all moving averages.  It's caught in a very small trading range.  A significant move either way could send prices soaring or plummeting!
As always, … (0 comments)

 

Matthew Rosov

Certified Mortgage Planning Specialist

Laurel, MD

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Amerisave Mortgage Corporation

Address: 6502 Walker Branch Dr, Laurel, MD, 20707

Office: 8669(707) 283-6840

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