Rate Guard Sept 1st Update

By
Real Estate Mortgage Broker with Cherry Creek Mortgage Co
Wonderful Weds morning to all, Mixed economic news with ADP (private sector jobs) showing more layoffs, Construction spending was down, ISM Manufacturing however shows growth. W-ST is currently up 200pts taking some wind out of bonds be careful. http://www.youtube.com/watch?v=W23ihzUIzlw Have a great day!
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Topic:
ActiveRain Community
Location:
California Solano County Benicia
Tags:
rate guard sept 1st update
walnut creek mortgages
benicia home loans
benicia mortgages

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Paul Walton

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Additional Information

My blog has daily updates with MBS (Mortgage Backed Securities) as this combined with current economic news is what drives interest rates. Good economic news usually is bad for bonds = higher interest rates Bad economic news is normally good for bonds= lower interest rates The bond market and stock market are both active while the markets are open. Investors are either investing in Wall St or running to the safety of bonds depending on market emotion, and current economic news. Economic news that affects both Wall St and MBS (bonds) are jobs reports, manufacturing data, GDP (Gross Domestic Product), housing starts, corporate earnings/ outlook, and inflation to name a few. The higher bonds are = the lower interest rates are. Interest Rates are not included in morning updates due to the factors that affect interest rates, credit scores, location, type of property, loan to value, loan amount, ect. My blog also features changes coming to the Real Estate Market, lending guideline changes, and tips to help address current Real Estate issues. Videos are either hosted via You Tube or at Mortgage Coach’s Utipu account. Let’s make a difference in our world! I hope you enjoy!