Boston Mortgage Rate Commentary 12/29/09

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Tuesday’s bond market has opened slightly in positive territory following mixed trading in stocks and no surprises in this week’s only significant economic news. The stock markets are relatively calm with the Dow up 6 points and the Nasdaq down 3 points. The bond market is currently up 2/32, which should improve this morning’s mortgage rates by approximately .125 of a discount point.

The Conference Board posted their Consumer Confidence Index (CCI) for December late this morning, showing…

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/28

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Monday’s bond market has opened in negative territory following minor gains in stocks. The stock markets are starting the week in positive ground, but not by much. The Dow is currently up 12 points while the Nasdaq has gained 4 points. The bond market is currently down 8/32, which will likely push this morning’s mortgage rates higher by approximately .250 of a discount point compared to Thursday’s morning rates.

There is…

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/23

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Wednesday’s bond market has opened in positive territory after this morning’s economic data gave us favorable results. The stock markets are mixed with the Dow down 11 points and the Nasdaq up 5 points. The bond market is currently up 11/32, which will likely improve this morning’s mortgage rates by approximately .250 of a discount point.

November’s Personal Income and Outlays report was the first of today’s three releases. It showed that personal…

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/21/2009

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Monday’s bond market has opened down sharply following early stock gains that has shifted funds away from the bond market. The stock markets are rallying with the Dow up 120 points and the Nasdaq up 24 points. The bond market is currently down 27/32, which will likely push this morning’s mortgage rates higher by approximately .750 of a discount point compared to Friday’s morning rates. Most of this increase comes this morning, but some of it came from weakness late Friday.

There is no…

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/18

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Friday’s bond market has opened down slightly with no relevant economic news scheduled for release today. The stock markets are showing relatively minor gains with the Dow up 8 points and the Nasdaq up 16 points. The bond market is currently down 4/32, but I am still expecting to see a small improvement in this morning’s mortgage rates due to strength late yesterday.

We likely will see…

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/17/2009

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Thursday’s bond market has opened in positive territory following a weak open in stocks. The stock markets are reacting to overseas losses and concerns about the economy after yesterday’s FOMC comments. The Dow is currently down 98 points while the Nasdaq has lost 23 points. The bond market is currently up 17/32, which will likely improve this morning’s mortgage rates by approximately .250 of a discount compared to yesterday’s morning rates.

The Labor Department gave us last week’s unemployment figures early this morning. They announced that 480,000 new claims for unemployment benefits were filed last week. This was…

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/16

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Wednesday’s bond market has opened in positive territory after this morning’s inflation data did not cause concern like yesterday’s PPI release did. The stock markets are also showing gains with the Dow up 40 points and the Nasdaq up 15 points. The bond market is currently up 10/32, which should improve this morning’s mortgage rates by approximately .125 - .250 of a discount point.

This morning’s major news…

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/14

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Tuesday’s bond market has opened well in negative territory following some surprising inflation news. The stock markets are relatively calm with the Dow down 10 points and the Nasdaq nearly unchanged. The bond market is down 13/32, which should push this morning’s mortgage rates higher by approximately .250 - .375 of a discount point.

The Labor Department gave us the news that fueled …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage rate Commentary 12/14

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Monday’s bond market has opened in positive territory despite early gains in stocks. The stock markets are reacting favorably to both international (Dubai World) and domestic (Citi) news that eased some concerns in the market. The result is the Dow up 28 points while the Nasdaq has gained 14 points. The bond market is currently up 3/32, which should improve this morning’s mortgage rates by approximately .125 of a discount point over Friday’s rates.

There is no …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/11

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Friday’s bond market has opened in negative territory following the release of much stronger than expected economic data. The stock markets have reacted fairly positive to the news with the Dow up 57 points and the Nasdaq up 6 points. The bond market is currently down 17/32, which will likely push this morning’s mortgage rates higher by approximately .250 of a discount point.

This morning big news was …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/10

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Thursday’s bond market has opened well in negative territory following yesterday’s weak Treasury auction. The stock markets are showing gains with the Dow up 79 points and the Nasdaq up 14 points. The bond market is currently down 16/32, which will likely push this morning’s mortgage rates higher by approximately .250 of a discount point.

This morning’s economic news wasn’t …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/9

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Wednesday’s bond market has opened relatively flat following an uneventful opening in stocks. The stock markets are mixed with the Dow up a couple of points and the Nasdaq down nearly the same. The bond market is practically unchanged from yesterday’s closing level, so I am expecting little change in this morning’s mortgage rates.

There is no …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/8

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Tuesday’s bond market has opened in positive territory again following early weakness in stocks. The stock markets are showing sizable losses with the Dow down 85 points and the Nasdaq down 6 points. The bond market is currently up 11/32, which should improve mortgage rates by approximately .250 - .375 of a discount point over yesterday’s morning rates.

There is no relevant economic news scheduled for release today or tomorrow. Therefore …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/7/09

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Monday’s bond market has opened in positive territory, recovering part of Friday’s sell-off. The stock markets are showing modest gains with the Dow up 20 points and the Nasdaq up 3 points. The bond market is currently up 8/32, which should improve this morning’s mortgage rates by approximately .250 of a discount point from Friday’s morning rates.

This week is …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/4/09

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Friday’s bond market has opened down sharply due to the results of this morning’s Employment report. The stock markets are rallying around the news, pushing the Dow higher by 130 points while the Nasdaq has gained 37 points. The bond market is currently down 34/32, which should translate into an increase in this morning’s mortgage rates of approximately .625 of a discount point. This equates to approximately .125 of a percent in rate.

The Labor Department gave us today’s news that was so bad …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/3

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Thursday’s bond market has opened in negative territory following the release of unfavorable economic news. The stock markets are mixed again with the Dow down 25 points and the Nasdaq up 3 points. The bond market is currently down 13/32, which will likely push this morning’s mortgage rates higher by approximately .125 of a discount point over yesterday’s morning rates.

The 3rd Quarter Productivity revision gave us a lower …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12-2

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Wednesday’s bond market has opened flat with no relevant economic news scheduled for release this morning. The stock markets aren’t influencing bond trading either with the major indexes mixed. The Dow is currently down 10 points and the Nasdaq up 15 points. The bond market is nearly unchanged from yesterday’s close, but we will still likely see an increase in this morning’s mortgage rates of approximately .250 of a discount point due to weakness late yesterday.

Today’s only …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com

Boston Mortgage Rate Commentary 12/1

Here's your Daily Commentary report compliments of Jeff Drew and Star Mortgage!

Tuesday’s bond market has opened in negative territory despite weaker than expected economic results from a very important report. Stock market gains are likely the cause of this morning’s bond weakness. Stocks are rallying with the Dow up 133 points and the Nasdaq up 30 points. The bond market is currently down 11/32, which should push this morning’s mortgage rates higher by approximately .125 - .250 of a discount point.

Today’s big news …

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©Mortgage Commentary 2009

Massachusetts mortgage applicants: Please note that this information reflects just one opinion on the current market and should be used for informational purposes only. Today’s mortgage market is very volatile and can change very quickly. www.JeffDrew.StarMortgage.com