• 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

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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Trading Remains Choppy

*** Stocks are starting the day a bit lower and Bonds a bit higher as the choppy and volatile trading continues.  In this type of trading environment, it is easy to get whipsawed, and therefore it is prudent to be patient and cautious.  It’s another very light day for economic data, so we will focus more heavily on technical indicators.  Economic news picks up tomorrow with Initial Jobless Claims, which could

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Where Do Prices Go from Here? January 25, 2013

  Stocks are starting the day higher, with the S&P 500 within 65 points of its all-time high. Bonds fell out of bed angry this morning and are much lower… but this should not be a surprise. We have had a bias towards locking the entire week, and advised a firm locking stance yesterday morning. You should be in great shape having avoided this decline in Mortgage Bonds. The media missed it

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Don’t Fight the Trend January 18, 2013

Watch In Full Screen Stocks are a bit higher this morning but are close to unchanged levels. Bonds are off to a good start, but let’s see if it holds. Economic news is very light today, and most of next week as well. In the absence of news, technical indicators become very important and dominate the direction of trading. Taking a look at the charts – The S&P 500 is in a

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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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