Hey there!
First of all: Thanks so much to my regular readers. I know who you are and I deeply appreciate your interest in bettering yourself with a quick bit of insight every day. Your clients are LUCKY to work with you and I would tell them that readily. We are in a market that NOT EVERYONE will survive in. More than EVER...it really matters who your agents are.
Today was interesting.
FNMA 4.5% was UP just 3 bps on the day and rates are holding in that 5.0-5.25% range for 30 year fixed loans.
This week we will see $112 BILLION in Treasury notes auctioned off with 43 billion coming tomorrow.
The morning will see more of what we saw today...investors unsure of where to put their money until they see some sort of signal directing them.
If the auction is received well: bonds will be okay and rates may even get better. If it is not: bonds could spend the day underwater and the next few days deteriorating as the rest of the auctions play out.
Few economic indicators were put out today so the "News" and impressions of investors ruled the session.
Oil retreated with a stronger dollar today and the price of gasoline is down to $2.55 nationwide...which is still too much in my opinion. Hmmmph.
Dow lost about 40 something points and we are poised for tomorrow.
Have a great eve!
Chad
Awareness: the act of being entirely present. Is there anyone you are aware of who could use my services or friendship? Accountant, Financial Advisor or Attorney? Don't hesitate to let them know...it could be a rewarding relationship opportunity!
Sincerely,
Chad Schauers
www.MetChad.com
cschauers@metlife.com
406 522 0922
