• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Fed Speak and a New Member Benefit

   full screen Stocks and Bonds are both trading near the flat line this morning. It’s another very quiet economic news day. Later this evening, President Obama will be giving his State of the Union address tonight, which many believe will have a heavy focus on the economy. Fed voting member, Janet Yellen, spoke yesterday and her comments were very dovish as expected. She stated that the Fed will keep a very accommodative

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History Rhymes and a Chart to Share – Mortgage Bonds

History Rhymes and a Chart to Share Stocks are starting the day higher while Bonds are continuing to slide lower.  It’s a quiet news day, so technical signals are in the driver seat…and boy have they been accurate.  A look at the chart on Mortgage Bonds shows the high yesterday touching exactly on the ceiling of resistance at the 200-day Moving Average (MA).  They promptly headed much lower to end

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The Next Refinance Boom

The Next Refinance Boom Bonds are flat and Stocks are trading slightly lower.  Although Mortgage Bonds were down as much as 16 BP, this morning’s headlines helped erase the losses. Initial Jobless Claims fell 5,000 to 366k, a bit worse than expectations of 360k, with the previous week’s number revised a little worse as well.  This news was Bond friendly, as the memory of the strength shown a few weeks back is

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Technicals Take the Lead February 04, 2013

Stocks are lower and Mortgage Bonds are higher to start the day.  Concerns about the fragile political environment in Europe have been weighing on Stocks this morning.  Over the weekend, Spain’s opposition Socialist Party called on Prime Minister Mariano Rajoy to resign over a corruption scandal.  Additionally, in Italy, former Prime Minister Silvio Berlusconi is gaining popularity three weeks before elections, spooking investors.  We are seeing money flow out of

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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