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LIVE: KFWB News Talk 980
Host: Michael A. Harris
Program Hotline: 888 54 33 980
This Week's Program Outline:
The Real Estate Life Radio Program
What Kind of Loan Do YOU Have?
The Real Estate LIfe is all about informing you about interest rates and the economy. Interest rates are extremely low. It is your chance to step up and knock it out of the yard. The pitcher is lobbing the ball over the plate. Your Lender Loves You...You Do Not Need That Kind Of Love In Your Life! Save time and money today. Join us Saturday at 1:00 PM as we discuss your action or non-actions in this historical economic time. Call The Real Estate Life and / or United Mortgage Corporation of America today and get started now at united4loans.com.
Tuesday May 21, 2013
Market Close FNMA 3.0% 102.70 +35 bps
Last Wednesday the bellwether 10 yr note hit an intraday high yield of 1.98% before ending the day at 1.94%. This morning the 10 is re-testing that level, if the note can hold here we may see some short-covering in the next few days improving prices a little. If the 10 closes above 1.97% it will add even more negative vibes in the interest rate world. All technicals are increasingly more bearish, a new high yield close will likely push the outlook for the 10 to 2.06%, the high rate going back to mid-March. Is there a potential for a rebound in MBS prices? Possibly, but it won’t likely be enough to change the overall bearish outlook. Do not fight this bearish trend.
The Real Estate Life invests our time delivering first class service to our clients. As a result, our valued clients and friends refer their family members, friends, co-workers, neighbors and other people they know and like to us for advice on any aspect of mortgage planning. We are interested in building strong, lifelong relationships, one person at a time. Please do not keep us a secret!