The Real Estate Life Radio Program
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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.

Thursday May 23, 2013

Closing Bell FNMA 3.0% 101.66 -6 bps

The next two weeks are likely to see increased volatility, as if we haven’t had enough already; between now and June 7th when the May employment report is due there are a number of data points that while always important, will carry increased importance in the face of Bernanke’s remarks and the FOMC minutes released yesterday. Each US and global economic reading has the potential to move markets. We expect market volatility will remain at high levels. And it isn’t just US data; China this morning reported its manufacturing sector is continuing to decline. Bottom line; if the economy isn’t moving forward, the Fed isn’t going to change its easing policy.

Once again, do not fight the tape now; the bond market is bearish---period. From our perspective it will continue bearish until the 10 yr moves below 1.85%, the first resistance is at 1.97% but even that level will not change the technical bearish outlook. The prolonged decline in interest rates is very likely over, suggest taking advantage of any market improvements. There is little reason now to anticipate interest rates will re-test the recent low yields.

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