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    Both Fannie Mae and Freddie Mac HARP Refi Programs available now up to 150% loan to value with no PMI - call for details.
    Writealoan.com, Inc has been in business for twenty three years. Our consumer direct internet based system allows us to offer you one of the most cost effective and convenient ways to apply for a mortgage Today! We are a Local Lender submit your Quick Application with confidence.

    January 29, 2014

    Today's market Commentary
    3:15 pm update

    Mortgage bond prices are trading near the levels where daily pricing was set holding mortgage rates steady this afternoon. Prices fell/rates rose in early afternoon trade tied to stronger stocks, however buyers emerged helping rates recover.

    Weekly jobless claims printed at 265K and continuing claims, a summation of all receiving benefits, at 2,385K. Economists‚?? expectations were for claims to print at 300K and continuing claims to 2,429K.

    The 5-year Treasury auction was mixed. Overall demand was lacking with 2.49 bids for each $1 offered vs. the average of 2.72. Foreign accounts picked up 63%, stronger than the 51% average. The 7‚??s saw strong demand with a 2.5 bid to cover ratio vs. the average of 2.39. Foreign accounts purchased 56% vs. the average of 46%. That concludes the auctions this week.

    Traders will watch stocks the remainder of the day. The Dow is up 29 points.

    Data concludes Friday with Q4 advanced GDP, Q4 employment cost index and the University of Michigan consumer confidence report.

    Event Calendar:
    Tuesday, Jan 27, 2015
    Durable Goods Orders @8:30 am et

    Tuesday, Jan 27, 2015
    Consumer Confidence @ 10 am et

    Tuesday, Jan 27, 2015
    New Home Sales @ 10 am et

    Tuesday, Jan 27, 2015
    2YR Treasury auction 1:15pm et

    Wednesday, Jan 28, 2015
    5Y Treasury auction @ 1:15pm et

    Wednesday, Jan 28, 2015
    Fed Meeting Adjourns @ 2:15pm et

    Thursday, Jan 29, 2015
    Weekly Jobless Claims @8:30 am et

    Thursday, Jan 29, 2015
    7Y Treasury auction @1:15pm et

    Friday, Jan 30, 2015
    Q4 Advance GDP @ 8:30 am et

    Friday, Jan 30, 2015
    Q4 Employment Cost Index @ 8:30 am et

    Friday, Jan 30, 2015
    U of Michigan Consumer Sentiment @10 am et

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