Ashley Hales's (ncmtgbanker) Blog

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Mortgage and Lending - Resource Financial Services, Inc.
RECENT BLOG POSTS
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Another good start for interest rates this morning as mortgage backed securities are doing better.  Interest rates should improve from closing yesterday.  This is due to a couple of things.  One of them being the news from Case Shiller that home values fell twice as fast as expected in September ...
11/30/2010
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We finished off the day about where we started after taking a ride down and then back up.  Mortgage backed securities had a good day as stated in this mornings update.  Interest rates did improve.  The DOW finished the day down 39 points after being down over 150 points early.  Closing at 11,052....
11/29/2010
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Good start this morning for interest rates but not for the stock market.  Mortgage backed securities are up big as worries about the Korean crisis as well as EU (European Union) debt has investors running toward bonds.  Interest rates have improved from close on Friday.  The DOW is currently down...
11/29/2010
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We are not off to a good start this morning as initial jobless claims were well below expectations.  We were expecting around 440K in claims, the actual figure was 407K.  Mortgage backed securities are taking a hit as the result.  Durable orders were not good.  Coming in at -3.3% vs the expected ...
11/24/2010
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Somewhat volatile day today.  Mortgage backed securities started the day off well and rates improved from closing yesterday.  However, the auction results on the 5 year notes did not go well, and with the release of the FOMC minutes (nothing really newsworthy) bond yields headed back up, increasi...
11/23/2010
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Another good start this morning for interest rates as the situation in Korea has caused some concern and some investors have left the market.  Interest rates should improve from close yesterday showing signs of what could be a rally.  The DOW is currently down over 100 pts in early trading.  Oil ...
11/23/2010
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Good start to this morning thus far.  Mortgage backed securities are doing very well so interest rates should improve from close on Friday.  With no economic reports due out today the only rate mover would be the 2 yr note auction results due out after 1 pm.  The DOW is currently down 47pts.  Oil...
11/22/2010
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Sorry for the delay.  Mortgage backed securities are down slightly this morning but not enough to move interest rates.  There is plenty of time left in the day for the roller coaster to start again so we will see how things shake out.  Looks like investors have called it a week judging on the mov...
11/19/2010
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Not a good morning thus far for interest rates.  Initial jobless claims came in 2K higher than last week which usually would help interest rates move lower.  Not enough this morning as sellers are out in full force again today.  So where does this end?  We don't really know but it looks like ...
11/18/2010
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Rally continues as interest rates look to improve from close yesterday.  Mortgage backed securities are up quite a bit this morning on the news that CPI came in around expectations.  Housing starts came in at 519K much worse than the 600K that was expected.  The DOW is currently up 2pts in early ...
11/17/2010
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Ashley Hales

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