• 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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First Possible Clue of a Stock Correction – Mortgage Bonds

  Stocks are mildly lower so far and Bonds are a bit higher. Mortgage Bonds did have their monthly coupon rollover, which occurred after the close on Friday. The Monthly Bond Coupon Rollover occurs each month because Mortgage Bonds are finite. They have an end term, such as 30 years. Therefore, each month a new 30 year period begins. This new 30 day extension is reflected in an adjusted rollover price. This

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Who’s Who at the Fed – January 29, 2013

Stocks are a bit lower and Bonds are a bit higher to start the day. On the economic news front, the Case Shiller Index, which tracks changes in the value of residential real estate in 20 metropolitan regions, was reported up 5.5% year over year. A look at the chart below shows a nice steady climb in home values. We did have a head fake from the tax credit in

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Where Do Rates Go From Here? January 04, 2013

Watch Video In Full Screen Where Do Rates Go From Here? January 04, 2013 It was an exciting day yesterday, sparked by the release of the Fed Minutes.  Here’s the line that spooked the markets yesterday from the Minutes: “Several thought that it would probably be appropriate to slow or to stop the purchases well before the end of 2013, citing concerns about financial stability or the size of the balance sheet”. 

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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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