Monthly Archives: June 2009
Prospect Mortgage – Daily Rates, June 25th, 2009
Good morning! MARKET UPDATE: Yesterday’s FOMC announcement was pretty much what was expected; no change to the fed funds rate, recession has slowed the past few months, inflation is not an immediate concern, and they will continue with their … Continue reading
Prospect Mortgage Daily Rates – June 24th, 2009
Good morning! MARKET UPDATE: Yesterday, the FOMC (Federal Open Market Committee) began its two-day meeting, with the announcement today at 11:15AM PST. Look for no change to overnight rates, not that they impact 30-yr mortgage rates directly, but the … Continue reading
Prospect Mortgage – Daily Rates – June 19th, 2009
Good morning! MARKET UPDATE: Treasuries declined yesterday on news that there would be a record $104 billion of auctions next week. With no economic data released today, the stock market will be the primary influence on the bonds. The market … Continue reading
Prospect Mortgage – Daily Rates – June 17th, 2009
Good morning! MARKET UPDATE: The major indices have gone on the backslide to trade with moderate losses. Participants are also bidding Treasuries higher. In turn, the benchmark 10-year Note is up a healthy 10 ticks, which has lowered its … Continue reading
Prospect Mortgage – Daily Rates – June 15th, 2009
Good morning! MARKET UPDATE: This morning the selling pressure hits the stock and commodities markets due to Japan on Friday, and Russia today, reaffirming the strength of the dollar as the international primary reserve currency of choice. Selling pressure … Continue reading
Taxpayers Beware
Taxpayers Beware: Zero Profit Doesn’t Mean Zero Capital Gains Taxes Compliments of Julie Tumbaga Vice President, Hawaii Regional Manager (877) 591-1031 toll free jtumbaga@orexco1031.com In this difficult market, many taxpayers are selling property in short sales or other transactions with … Continue reading
Posted in General Hawaii Real Estate Info, Hawaii Sellers Tips
Tagged hawaii real estate, honolulu, motivated seller, tips
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Prospect Mortgage – Daily Rates June 11th, 2009
Good morning! MARKET UPDATE: Yesterday saw the 10 year note yield over 4% for the first time since last October after the treasury auction of the 10 year note. Today at 1:00 pm EST we have another $11 billion … Continue reading
Prospect Mortgage Daily Rates – June 9th, 2009
Good morning! MARKET UPDATE: Yesterday we saw two price changes for the worse, due to the oversupply of treasuries on the bond market and the prevailing assumption that the worst of the recession is behind us. Today at 1:00 … Continue reading
Prospect Mortgage – Daily Rates – June 8th, 2009
Good morning! MARKET UPDATE: With a lack of news and no new data to digest, the market is little changed from Friday’s close. Later this week we will see three treasury auctions totaling $65 billion. On Wednesday the Beige … Continue reading
Prospect Mortgage Daily Rates – June 4th, 2009
Good morning! MARKET UPDATE: This morning the stock market is experiencing choppy trading due to gains by the financial sector offset by weakness in retail stocks after a few disappointing earnings reports. The bond market is facing selling pressure … Continue reading