Wonderful Weds Morning to all, We opened higher than yesterday's close tested resistance early and dropped since then. ISM came in above 50 which shows growth. We will more than likely  test the 10day moving average today. Damage was done early bias towards locking if we fall much lower. Today is taking a bearish engulfing pattern so far......... Sideways trading until news can break us above resistance. Today's snapshot  Charting in detail below    http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great day! 01/06/2010

Terrific Tues to all, Pending home sales down 16%, Factory orders up 1.1 above .05 expected. Consumer confidence is due out later. The Fed will be speaking on ending Government bailouts this could move the market either way. Float early........watch for possibly giving up early gains later. Today's market snapshot   Charting in detail below   http://mortgagecoach.utipu.com/app/invited/id/a17d20 Make it a great day! 01/05/2010

A Terrific New Years Eve to all, Jobless claims came in much lower than expected. The market opened lower than yesterday's gains, but we have recovered early morning losses. Positive thoughts we close where we opened. Best wishes for a  Great New Year.  Today's market snapshot Charting in detail below. http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great New Years Eve! 12/31/2009

Wonderful Weds morning to all, PMI came in higher than expected indicating some rebound with manufacturing. The 5yr auction went well yesterday resulting in a nice rally. The 7yr auction we need to watch carefully. Today's market snapshot   Charting in detail below  http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great day! 12/30/2009

The State of the Market Quick re-cap on reality Real Estate Residential: We all know the low end is moving briskly in most parts of the country. Remember the Tax Credit will run out.........what then? Reasonable home prices might drive sales at the low to middle end. However if rates continue to ramp north qualifying for the same home at higher interest rates  without seller contributions = good luck. The high end is suffering due to credit requirements and available financing. Sellers at the high end need strategy to reduce the time on the market and get creative...............yesterday! Real Estate Commercial: Most parts of the country are reporting weak and deteriorating conditions. This is a major issue we need not forget. Declining rents coupled with rising vacancies= major trouble... 12/28/2009

Marvelous Monday To all, Auctions will weigh heavily on bonds this week. Holiday sales were up 3.2% since Nov 20th. Light trading week and the HUGE auctions = caution as we are well below support. Hopefully if we sell off we can hold at 99. Today's snapshot Charting in detail below http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great day! 12/28/2009

Wonderful Weds morning to all, We opened a wee bit higher than yesterdays market close. Personal income was up but still a hair less than projected. New home sales were down, however building permits were up. Sideways trading is likely today.......however would like to see us recover lost gains. Tomorrow durable goods and jobless claims can quickly move the market. If either are very positive we might see another sell off. Keep in mind this is a very choppy market! Today/s snapshot Charting in detail below http://mortgagecoach.utipu.com/app/invited/id/a17d20   Have a great day! 12/23/2009

Terrific Tuesday morning to all, Bonds once again have opened much lower than where we closed yesterday. GDP came in at 2.2 % signifying growth in the economy. Existing home sales were up once again 7.4%. That wasn't a real surprise. Wild swings in the market.............  Happy thoughts we close the spread we opened with. Next landing point if we drop is 99. I flipped to the 4.5% coupon which will reflect where investors base their pricing. Today's snapshot Charting in detail below.   http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great day! 12/22/2009

Marvelous Monday morning to all. This week will be choppy....most for the pros are on vacation. Dow is up, no economic news today. Carefully float. Today's outlook Charting in detail below   http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great day! 12/21/2009

We are less than 7 days from Christmas and in the midst of Holiday Cheer all around us, some of you may be wishing for a new house.  There is still time to shop as now is the time serious buyers are out.  Some of the best values can be found by negotiating with a motivated seller.  Everyone else is sipping egg nog, sitting by a cozy fire, wrapping presents BUT you could be out viewing what is available and possibly put a big bow on a contract that is accepted during December. So what is out there to be had in Benicia?  We have condos and single family homes priced from just $55,900 to the big dollar homes at $1,687,500!!  AS of today, per our Bay Area Real Estate Information records, 88 homes are for sale in lovely Benicia.  Benicia is a great place to live being close to San Francisco ... 12/20/2009

FHA will not grant a new mortgage to borrowers who take advantage of declining market conditions and/or purchase a new property within a reasonable commuting distance.   Borrowers who are current on their mortgage and installment debt at the time of the short sale and the proceeds from the short serve as payment in full are eligible for a new FHA mortgage.   Borrowers who are in default of their mortgage at the time of short sale are not eligible for a new FHA insured mortgage for three years from the date of the pre-foreclosure sale. Lenders may make some exceptions to this rule under certain circumstances.  This is subject to investors who will purchase these loans.   Exceptions would be due to circumstances beyond the borrowers control i.e. death of primary wage earner or a long-term... 12/18/2009

Fabulous Friday Morning to all, No economic news today. Yesterday MBS had a great day. Short term lock the gains, closing after the new year...float carefully. Today's Charts Charting in detail below   http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great weekend! 12/18/2009

Quick market snapshot. We are zooming way up. Stocks are correcting down 100pts. Enjoy the rally. Charts Have a wonderful afternoon! 12/17/2009

Wonderful Weds Morning to all, Wonderful Weds To all, Nice morning rally........be very careful morning gains can quickly reverse depending on the FED's outlook. If the FED mentions purchasing more MBS a possible rally could take place. We are currently up 13bps ..........float very carefully! CPI indicated inflation no issue. This morning charts Charting in detail below http://mortgagecoach.utipu.com/app/invited/id/a17d20   Have a great day! 12/16/2009

This is too cute and really reinforced community/ parental involvement in our schools which is crucial. I have helped with the Reading Naturally Program at Matthew Turner Elementary School in Benicia for the last three years. Early mornings fit scheduling and it's 1 hr twice a week this year.  Good times with the children, helping with reading fluency, speed, and comprehension. This morning however completely SHIFTED my thoughts!  One of the children had hand written a note of thanks. Low light and aging eyes didn't quite allow me to comprehend the message she was conveying....... So here it is..... Thank-you for helping me with Read Naturally. You helped me leared  alot  I hope I can stay longer but I can't but it was very fun. P.S I like reading I had recently graduated this 3rd grade... 12/15/2009

NOVEMBER 2009 HOME SALES FOR BENICIA Here is a list of the actual homes sold in Benicia, California in the month of November.  The average list price for the month was $451,530 with an average lis price of $225 per square foot.  The average sale price was $445,205 with an average square foot price of $221. There were a total of 28 single family homes sold in Benicia this month. The Benicia real estate market is  very small . Knowing what is going on with regard to sales in Benicia is important for making a buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory. For a complete list of Homes for Sale in Benicia, California, please call or visit me at www.soldbynicole.com. If you are... 12/15/2009

Terrific Tuesday Morning to all, PPI come in much higher than expected this morning. Wells Fargo announced they would be re-paying TARP funds. The positive economic news, and auctions last week have led to downward trends. There is room for improvement I would carefully float today, BUT if we drop below 97.5 on the 4% coupon lock. Today's charts Charting in detail below http://mortgagecoach.utipu.com/app/invited/id/a17d20 One of my Read Naturally Grads really made my day. Along with several other children she had made HUGE strides with her reading skills and was graduated last week. Lordy what determination and drive. This morning she hand wrote a Thank You and wants to continue........WOW! Made my day! Have a great morning! 12/15/2009

If you own a home, you're probably curious about what homes are selling for in your neighborhood. And even if you don't own a home right now, if you're planning to buy in the near future, the same is probably also true. Well, if you live in or are intersted in Benicia or Vallejo, you can click on my recent post at HomeSection.com to see complete details on every home sold in Benicia or Vallejo in November. You'll find the selling price, list price, original list price, days on market, and net price change from start to finish for every home that closed escrow last month (32 in Benicia and 146 in Vallejo). Plus, you'll be able to what date escrow closed and even whether it was a traditional sale, an REO or a short sale. And you'll also get the basic property statistics for each property:... 12/13/2009

Polar Opposites Last night the Benicia High Schools Advanced Dance Team performed the 2009 Winter Show. The lights dimmed..................and all was still ........ Mrs. Mani -Benicia High Schools Advanced Dance Teacher welcomed all who attended warmly. Mrs. Mani was proudly showing off the Advanced Dance Team's sweats for this year.........OH our youngest dancer designed the logo for the team this year! Well guess who that was.........? Was I proud? You BET! The performance soon started..........the talent and ingenuity, creativity displayed was well beyond any of my expectations. The audience was spell bound with the content of the entire show. What was unique was combining humor into the story line and dances! Polar Opposites -Two elves who lives took different paths...... searching... 12/11/2009

Fantastic Friday to all, Ugly day for bond's. Retail sales were up. Import prices were up. We opened much lower than were we closed yesterday.  Economic news has been positive which shows positive recovery= bad news for bonds. New trading range is yet to be defined. We have dropped below all our daily moving averages OUCH! I will update with quick tweets as the day unwinds. MBSTRKR4U Today's charts Charts in detail below. http://mortgagecoach.utipu.com/app/invited/id/a17d20 Have a great weekend! 12/11/2009