Your Lane County Home Loan Information Guy

Market Insider This Week; its all about employment with the ADP data hitting Wednesday and the BLS data on Friday. Last week stocks had a very strong week after being well oversold; the US bond and mortgage markets got hit hard. The Greece dance on the edge of default was temporarily side-stepped...

  Market Insider The bond and mortgage markets opened a little better this morning ahead of key data points at 10:00 when the June ISM manufacturing report is released and the U. of Michigan consumer sentiment index is revealed. Stock indexes in early trading about unchanged. Manufacturing growth...

    Market Insider The bond and mortgage markets opened better this morning after the strong selling the last two sessions taking rates up 20 basis points. The Greek debt issue is off the radar for the moment after its parliament voted to cut spending and qualify for assistance from the IMF and E...

  Market Insider Treasuries and mortgages opened a little soft this morning with the pre-market trade in equities pointing to a better open at 9:30. Stocks look better, with European shares rebounding from a three-month low, and the euro strengthened as the Greek government prepared to face a con...

  Market Insider The bond and mortgage markets started a little better this morning after a bout of selling yesterday as the equity market bounced off very oversold technicals; the bond market equally extended, overbought as we note two days ago. This morning in early activity the stock indexes w...

   Market Insider Treasuries and mortgages opened weaker this morning,the stock market trade in pre-market opening also looking weak. If the stock market (DJIA) ends this week lower it will be the first time since 2002 the key index closes lower for 7 consecutive weeks. There are no economic repo...

   Market Information   May non-farm jobs were up just 54K, non-farm private jobs +83K;the unemployment rate increased to 9.1% frm 9.0% in April. April and March non-farm jobs were revised down by an additional 39K. Manufacturing down 5K, government jobs -29K mostly at the state level. The U-6 jo...

  My thanks for the 31 Days of May Challenge 2011  I just want to thank Christina O'Neal and ActiveRain for doing this contest. When I decided to take the challenge, I didn't think there was anyway I could write 31 blogs in 31 days! Write a blog a day, impossible! I don't have the time or the abi...

    Market Insider  Not a good start this morning in the bond and mortgage markets. This is employment week when most attention is directed to working the estimates all week; current thoughts are for jobs to increase 185K with non-farm private jobs +220K and unemployment unchanged at 9.0%. The fo...

  My Memorial Day Thank you! As I raised the American Flag this morning, as I do on every Memorial Day, I paused to think and remember why this day is so important to me. Maybe it is because I am from a military family, my Grandfather served and was wounded in WWII, my father served 26 years in t...