WELCOME TO RIVER DAVES PLACE

Mortgage Market Update/Purchase and Refinance Mortgage info

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The Bond market is charging back to the black this morning with excellent gains.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Rates are somewhat flat this morning with little in gains or losses. A bit of good news for the purchase market...it seems as though inventory is starting to expand a little nationwide.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The bond markets are continuing their improvements this morning. There really isn't much driving the improvements so I would consider locking early in the day to be safe.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Hump Day campers!

Stocks and bonds are fairly flat this morning. There was some weakness in the bond market late yesterday which could negatively affect rates this morning if we don't see an improvement today.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
We're barely in the black in the MBS market. Hopefully the trend pushes further into the positive territory so we can see an improvement in the daily rates this morning.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Back in the red this morning. Disappointing start to the MBS market this morning...

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
We are seeing some slight gains in the MBS market this morning. As long as we do not see any drastic changes in the market, it should be a good day to lock rates.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Stocks are trading near unchanged levels and Mortgage Bonds are higher after and important Producer Price Index report that has a lot more to it than just the headline. Fed Chair Powell will be speaking later this morning around 10:00am ET.

Some thoughts...Initially, there was concern about a significant increase in wholesale prices, leading to fears that the Federal Reserve might halt its interest rate hikes prematurely. This triggered a temporary sell-off in the stock market. However, it was discovered that the reported increase was misleading. A substantial negative revision to previous data revealed that prices actually decreased slightly in March, rather than rising as initially reported. Such a significant revision raises questions about the reliability of the data collected by the Bureau of Labor Statistics (BLS). The BLS routinely reports false jobs reports for political benefit. While revisions are common in economic data, such a large adjustment is unusual, particularly in inflation figures. This highlights the importance of scrutinizing economic reports for accuracy and transparency.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
my-social-banner 0% down.jpg
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market is in pretty good shape this morning. Should be a good day to lock your loan if we don't see a reversal in the market.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Hump Day campers!

Stocks and bonds are running flat to negative this morning. Yesterday was a pretty good day for the MBS market so hopefully we don't see much of a pricing reduction today.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market has opened in negative territory so I would suggest waiting for a bounce back on the rates before locking.

My prediction is that we should see rates start to drop in June. Inflation aside, negative job reports should eventually force the FED's hands into reducing their rate. Time will tell but the signs are all there.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Friday campers. Have a safe Memorial Day Weekend and honor those who gave all for us.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market is mostly flat this morning. Probably not the best time to lock your rate.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS tanked this morning driving up mortgage rates. Not the best time to lock unless your close of escrow is imminent.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market has rebounded well this morning. This mornings pricing should reflect the MBS course reversal with some lower rates. Hopefully this trend continues throughout the day...

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Friday campers. The MBS market continues to cautiously improve. I would play this out today and cautiously float your rate until the first sign of deterioration and lock by COB.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
MUCH better start to the MBS market this morning. This morning is a fantastic time to lock your rate. All of my lenders have lowered their rates this morning.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The bond market is still in the black this morning which is great news if you are locking your rate this morning. This is a continuation of yesterdays strong improvements.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Hump Day campers!

The MBS market improvement continues this morning! Rates are looking good this morning. Check out our wholesale direct to consumer interest rates.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market opened mainly flat with a very small loss this morning. Hopefully it reverses course and we continue the gains. Rates are looking good right now.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The bond market made an abrupt about face deep into negative territory sadly. Hopefully it reverses course throughout the day when they realize the jobs report is inflated...again. Need wholesale mortgage rates on a purchase or refinance in CA? Call us.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Coming to you live from my happy place...
Parker dock.jpg


The MBS market has opened the week with a less than stellar outlook. The market continued its weakness from Friday due to a bogus inflated employment report. Hopefully it reverses course and corrects by tomorrow. Not the best morning to lock your rate...

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The bond markets reversed course and are making improvements this morning. Wait for improvements on rates this morning and cautiously float to see if further improvements take place this afternoon.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Hump Day campers...

The MBS market is rebounding nicely. Great time to lock.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Yesterday was a travel day. The bond market is down a little but the mortgage lenders rates are still much better than earlier in the week. Give us a call to compare any lender in CA. and we will beat any written offer.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Both stock and MBS markets are taking a bit of a hit this morning. Wait for a reversal if you have to lock within the next few days. We may see a bond rally tomorrow when we see the retail results.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Hump Day campers!

The MBS market is in the black this morning! Rates are looking good this morning. Check out our wholesale direct to consumer interest rates HERE

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
MBS market is down a little this morning. This is due to out of control spending hurting the bond market even though we have bond friendly economic data this morning.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The bond market has flattened out this morning. Should be a decent and safe day to lock your rate. Give us a call to compare any lender in CA. and we will beat any written offer.

See the details in Fridays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market is somewhat flat this morning with little in gains or losses. This morning should be a fairly safe time to lock your rate.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The bond market is flat this morning so far. Reports are coming out later this week that may positively impact mortgage rates by Friday.

Stay tuned!

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Hump Day campers!

Stocks and bonds are down a little more this morning. There was weakness in the bond market yesterday which negatively impacted rates yesterday and this morning. We are looking to Friday for economic news that may positively impact mortgage rates.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
We're starting to see the first signs of market strength. All of the economic signs are there for a very good day tomorrow.

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Good Morning campers...so far the bond market has fallen on its face with continued losses from Friday afternoon. We saw the good news we were waiting for Friday and then saw a quick reversal into the red which negated our early gains.

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market is finally turning around after several days of getting banged around like a screen door in a hurricane. Hopefully we see several more days of this to gain back the losses we just took. Watch for a few more good days before locking.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Hump Day campers!

The MBS market improvement continues this morning! Rates are looking good this morning. Check out our wholesale direct to consumer interest rates.

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market is continuing on its positive run which is great news for mortgage rates. To see what purchase or refinance rate you qualify for in California, click HERE

See the details in Mondays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market is relatively flat this morning. However, Fed Chair Jerome Powell is testifying before the senate this morning. More good date would strengthen confidence to cut rates. Labor conditions have cooled which gives Powell more incentive to cut rates in September.

See the details in Tuesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Hump Day campers!

The MBS market improvement continues this morning! Rates are looking good this morning. Check out our wholesale direct to consumer interest rates. o see what purchase or refinance rate you qualify for in California, click HERE

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
The MBS market continues to improve! Rates have dropped across the board on most products and lenders! This morning is a great time to lock your rate if your closing is imminent or continue to float if your closing is a little further out and watch closely for signs of weakness, then lock immediately. Check out our wholesale direct to consumer interest rates HERE

See the details in Thursdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 

Tamalewagon

Little Buddy
Joined
Sep 24, 2007
Messages
9,298
Reaction score
3,344
Happy Friday Campers! Coming at live from hot/humid Dallas...

Rates are looking great this morning. The MBS market is still in the black this morning but we are seeing signs of weakness. Tread carefully if you are going to float your rate. My advice would be to lock your rate now if you are closing within 30 days and float carefully if you are closing within 45+ days.

Check out our wholesale direct to consumer interest rates HERE

See the details in Wednesdays Rate Lock Advisory...click HERE

Scott Wenhe
619-255-3182
[email protected]
 
Top