Bernanke
Updated Oct. 9, 2013
Ben Bernanke will testify at the House Financial Services Committee today completing his required semi-annual testimony on the economy with House members not so polite. That said, he won't change anything and in the end it will be more of a venting by Committee members looking for TV coverage and media ink..

RATES May never come down this low AGAIN
Updated Oct. 9, 2013
Rates may never come down this low again!!!!!.

From HSN.COM
Updated Oct. 9, 2013
read about the new normalcy of mortgage rates and home prices on hsh.com.  Very true.  Mortgage industry is changing but I don't think we realize what type of change we're about to face..

no more mortgage brokers?
Updated Oct. 9, 2013
what will happen to brokers after april 1?  if they can't make rebates on loans will they be able to compete in the lending industry?.

best week in a while last week
Updated Oct. 9, 2013
Closing BellFNMA 4.0% 97.53 -6 bps today (+53 bps this week) Enjoy your weekend.. This Week:High +68Low -15. Rates seem to have found a little support with the flight to quality currently taking place in the Bond market as a result of the unrest in North Africa. Today the FNMA market opened off 40 basis points but by days...

No matter how how rates are people will buy homes
Updated Oct. 9, 2013
Daily I hear how tough it is to make loans. How rates have gone back up to high over the last couple months. I give you this chart showing rates over the last 40 years. As you can see, we are living in great times to be in the mortgage business. There is one true fact, no matter how high rates go, people will buy homes....

Market Snapshot by Sigma Review 2-22-2011
Updated Oct. 9, 2013
Tuesday, February 22, 2011. Over the long weekend the situation in Libya worsened, in Bahrain protestors continued to demonstrate, tensions increased in many other Mideast countries. In Libya demonstrators were attacked remanding the end of Qaddafi; his son said the regime would fight with the last bullet....

Take and Give
Updated Oct. 9, 2013
 . Good Morning Team,. . The market is giving back some of what it’s taken away over the last weeks. Pricing is getting better.. . FNMA 4.0% 98.00 now +47 bps. Today (EST)08:31 +35Open 97.53. . Richard Hegg. Vice President of Production. .

When did becoming an expert become a bad thing?
Updated Oct. 9, 2013
The world around me is evolving rapidly. Sometimes I wonder if I can even keep up with all the advances and changes. One big change that seems to have occurred while I wasn’t looking is that it now seems that being an EXPERT is a bad thing. I’m not sure when this happened but I’m really confused. I grew...

MERS doesn't have jurisdiction
Updated Oct. 9, 2013
Apparently MERS doesn't have jurisdiction in certain court rooms to foreclose on a property.  Very inetersting: check out Judge Robert Grossman's rulings in a New York foreclosure proceeding case. .

Opening Bell
Updated Oct. 9, 2013
AM Tracking Quote. FNMA 4.0% 98.34 now +25 bsp: Have a Great Day. . 08:30 +25. . The market opened with a nice trend to the upside. However, I would watch for substantial volatillity today.. Richard Hegg. OGI Mortgage Bankers.

Oil and Stock indexes moving markets
Updated Oct. 9, 2013
Already this morning volatility in oil and stock indexes moving markets. Crude oil at 8:00 was lower by $.5, the DJIA futures up 75 points and the 10 YR note down 6/32 in price. By 9:00 oil was up $.30, the DJIA +63 and the 10 Yr note +2/32 with mortgage prices up 3/32 (.09 bp) frm yesterday's closes..

Unemployment down and Consumer Sentiment up
Updated Oct. 9, 2013
Consumer Sentiment hit lowest in a while!  Due to unemployment rates going down..

Monday, Feb 28, 2011
Updated Oct. 9, 2013
Very quite this monring, treasureies and mortgage markets unchanged from Friday. 's closes at 9:30. At 8:30 Jan personal income and spending; income rose moret ahn expected , up 1.0% and spending up 0.2%. The overall price index increased 0.3%, yr/yr +1.2%; the core (ex food and energy) +0.1% and yr/yr +.8%. The Fed...

Mideast Tensions no effect
Updated Oct. 9, 2013
Even with tensions increasing overnight in the Mideast, the bond market isn't biting on safety moves this morning. However we have seen a slight improvement in the last hour of trading with FNMA's down 18 bps at this time..

FEB Employment Report Tommorow
Updated Oct. 9, 2013
Tomorrow the February employment report will show an addition of 200k nwe jobs and the unemployment rate up 0.1% to 9.1% according to recent consensus. Prior to yesterday's ADP report that private jobs increased 217k estimates for non-farm jobs was +180k. Always a wild report that most of the time deviates...

Bond and Mortgage Markets
Updated Oct. 9, 2013
The bond and mortgage markets have experienced an increase in volatility over the last few days. The bellwether 10 yr note, drive for mortgage rates has failed on any rallies when its yield hits 3.40% but finds support when its yield climbs to the 3.60% area; mortgagee rates also stuck in a 15 basis point rate range on...

Crude OIL UP Again 3-7-2011
Updated Oct. 9, 2013
Crude oil is up again this morning, the same struggels in Libya but over the weekend focus has shifted to Saudi Arabia, the giant in the room when it comes to oil prices and Mideast unrest. Dissidents in Saudi Arabia have called for a protest on Friday, so far the saud situation has not been a direct factor for iol...

10 Year Note
Updated Oct. 9, 2013
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10 Year Note
Updated Oct. 9, 2013
A little better start to the day with the 10 yr note holding a minor gaini at 9:00 and mortgages following as usual. Crude oil is slightly lower on comments that OPEC emembers are discussing whether to call an emergency meeting. OPEC's next scheduled meeting is set for June but there are talks now about the...