Ron Brown's Blog

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Mortgage and Lending - Division of Pinnacle Capital Mortgage Corp
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ARCHIVED BLOG POSTS

2008 

US Stocks are struggling once again, but have turned positive at the mid day mark.  Mortgage Bonds are still building on last weeks gains after finally breaking above strong resistance trend lines.    After falling to as low as 11,300 in early trading, the Dow is currently in the black.  Oil pric...
06/30/2008
US Stocks are currently down, off to an unsure start this Friday after falling sharply yesterday.  Mortgage Bonds are trading positively, but not in proportion to losses by Stocks.   The Personal Consumption Expenditure (PCE) report released today shows a lower than expected rise in core inflatio...
06/27/2008
US Stocks are falling like a rock as the Dow has hit its lowest point of the year, down over 250 points from yesterday's modest gains.  Mortgage Bonds are trading in the black, building on a positive finish Wednesday.    Stocks are facing extremely high selling pressure with 29 of the 30 Dow comp...
06/26/2008
14 Comments
Check this out! Countrywide may be losing their license in WA.  http://www.kirotv.com/money/16706810/detail.html   Sorry, the link needs to be cut & pasted for it to work.  Not sure what went wrong.
06/25/2008
US Stocks are moderately positive on the day, as Oil prices retreat due to reports of lower demand.  Mortgage Bonds have given back yesterday's gains while waiting for the Fed policy statement.   It's Fed Day, and most investors are waiting for the official release of the policy statement.  The s...
06/25/2008
After falling over 100 points to start the day, US Stocks have turned positive.  Mortgage Bonds are also slightly positive, but trading in a tightly constricted range.   Stocks responded negatively this morning to reports by UPS of a profit warning, and a statement from Dow Chemical that they exp...
06/25/2008
US Stocks are down slightly to begin the day, which may have more to do with a lingering "hangover" from Friday's losses than anything else.  Mortgage Bonds are trading at basically unchanged levels from last week's closing numbers.   There is a saying that "lousy Friday's are often followed by r...
06/25/2008
Rainer
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Ron Brown

MLO-270845 VA/FHA Specialist, Alpine Mortgage Planning NMLS 81395
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