Jeffrey Stoub's (wihomelend) Blog

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Mortgage and Lending - Wisconsin Home Lending, Inc.
RECENT BLOG POSTS
Well, I was certain we'd be moving one way or another in dramatic fashion today (my fear was much worse rates), but the reports today all came out very close to expectations, with a mix of slightly positive and negative news.  The unemployment rate was 5.7%, the highest in 4 year.  Slightly less ...
08/01/2008
GDP missed the mark... 1.9% vs. 2.4% expected.  Perhaps the stimulus package and rebate checks didn't quite make the impact that was thought.  Another positive for mortgage rates - the inflationary ECI was in line with expectations.    So far today, rates are slightly improved over yesterday's cl...
07/31/2008
We've seen a rate improvement for two straight days, but the big news is yet to come.  Tomorrow, we will be watching intently for the market's reaction to the GDP report.  This is the 1st release of the 2nd quarter's number.  The Fed will also be watching the employment cost index, which is an in...
07/30/2008
On days like today, I am happy.  Because my blog yesterday guessed we'd finally get off the lows, and today we have.  More bad economic news - jobless claims back above 400K, and housing data that continues to disappoint.  We still have a ways to go, but the FNMA 6% coupon is now trading at par i...
07/24/2008
Well, I think we finally hit bottom (read: worst rates of the year).  Today, the mortgage markets showed strength, and hopefully, with my fingers crossed, tomorrow we get off this low point.  There's not a lot of economic data for the market to be looking for right now, until next week with Consu...
07/23/2008
Not that it was a total surprise, but this morning's CPI report has hurt mortgage rates to an extent today.  My long-term outlook is still that we will see lower rates again in the not-too-distant future, but for today, we are worse than yesterday.  Overall, the damage is only about 35 bps right ...
07/16/2008
Not much to report - 6.0% Fannie MBS down 12 bps on the day.  Minimal changes from lenders today.  Tomorrow should be interesting. I only wrote this report because I promised earlier today that I would give an update, and I'm a man of my word.  Things are going to be a little nuts for a while lon...
07/15/2008
Lots of important numbers came out today. PPI was up 1.8%, but only 0.2% ex-food and energy, the most volatile components. Year over year PPI was up over 9%, but 3% on the core data. The retail sales report was slightly weaker than expected. Normally I would expect bond prices to go up on these r...
07/15/2008
Good morning.  I hope everyone had a great weekend.  Here is a quick update on mortgage rates today.  The Fed gave Fannie and Freddie access to the emergency discount window, and mortgage bonds are suddenly a hot commodity again.  Thus, rate are better today than when we left work Friday.  Par ra...
07/14/2008
Good afternoon,I waited until now to post about rates, because this morning was one of the most volatile markets I have seen in years. Fannie and Freddie were down 40%+ this morning again, but have rallied back strongly since. The Dow is still down 200 as I am writing this, and mortgage rates hav...
07/11/2008
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