Thursday, August 14, 2008

BLOG Sign Up

Would you like to sign up to receive all of my Blog updates?  It's easy!

Sign up for the RSS Feed (on the right side, top, right below my portrait).  I use Outlook, so I signed up for the Atom, the choice at the bottom of the choice list.  After I signed up, now I see my Blog in my mail menu on the left under RSS feed and I can click on it to see all of my blog posts.  I can copy and paste to my clients and Realtors who are interested in a topic I have Blog posted.

If you choose any of the others (Google, Yahoo, etc), my Blog will be listed on the left hand side and you can click and open it and see the Blog Posts.  

Now it's easy to stay in touch with what's going on in the Mortgage world!

Rate Watch: Carefully Floating

Bonds are favorable this morning after a worse than expected Consumer Price Index (worst inflation this year since 1991) and Initial Jobs Claims report which is showing continued weakness in the economy. For now, it is prudent to float and watch to see how Bonds perform underneath the 3 levels of resistance overhead. The markets are very volatile this past week and I will keep you posted on any changes in advice that may occur.

Wednesday, August 13, 2008

Rate Watch: Floating

The Current Trend Direction this morning is sideways after weak economic reports by John Deere and Macey's. Stocks have taken a slight downturn which has helped Mortgage Bonds hold onto their gains from yesterday. Technically, Bond price is currently at 99.94, above support of 99.09 and below a tough ceiling overhead at the 25 days moving average of 100.11 and the 50 Day MA at 100.30. For now we can float, but I will watch closely for movement since Bonds are trading within a wide range right now. I just received a rate lock alert after the market lagged this morning and early this afternoon. With the higher inflation report I now recommend locking. 12:40 p.m.

Monday, August 11, 2008

Realtor Thank You

"I just wanted to take a moment and say thank you for all you do. The information you continually provide is awesome." Cameron Almond, Realtor

Rate Watch: Bias toward Locking

Mortgage Bonds are trading lower this morning and should be taking their cue from stocks, which will be watching crude oil very closely. The lower oil prices should help ease inflation, as the Fed has recently mentioned, but oil flow has stopped in Georgia because of the Russian bombardment of the country and it unknown how or when the situation there will end. With Bond prices moving lower this morning, and on the technical side, a tough layer of resistance overhead, I recommend locking. As always, I will watch the situation closely and keep you posted of any changes in the market.

Sunday, August 10, 2008

Buyer Thank You

"Quick and Succinct!" Carlos and Ann L., Loan#20606-002-00

Buyer Thank You

"Marty was excellent in how responsive he was with our requests!" Ben and Julie H., 26612-002-00

Buyer Thank You

"What we liked best about Marty is how fast he handled the loan!" Ryan and Faith W., Loan#25276-002-00

Buyer Thank You

"Marty provided us with excellent personalized service and we would recommend him to others." Gerald and Laura P., Loan#18018-003-00

Did you know?

The first television sitcom couple to ever share the same bed on a regular basis was Lily and Herman Munster.