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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.

    February 27, 2014

    Today's market Commentary

    Mortgage bond prices were near unchanged on the day at pricing despite unfriendly data. Unfortunately we were still from pricing yesterday morning which put upward presure on rates.

    Q4 GDP rose 2.2% versus the expected 2.1% increase. Remember, the Fed will likely raise rates sooner if the economic data over the months ahead show strength.

    Consumer sentiment was 95.4 versus the expected 94.0 reading. The initial reaction tot the stronger release was muted.

    St Louis Fed President Bullard expressed concerns yesterday that low rates combined with high asset prices could set the stage for bubbles to appear over the next few years. He expects a Fed rate hike possibly as soon as mid year.

    Yellen made it clear that the Fed needed to see evidence from the data of growth before any rate increases.

    Next week is a big data week with employment report finishing things. We start the week Monday with income, outlays, PCE core inflation, and ISM Index data. Be cautious in this volatile environment.

    Event Calendar:
    Monday, Feb 23, 2015
    Existing Home Sales

    Tuesday, Feb 24, 2015
    Consumer Confidence @ 10 am et

    Tuesday, Feb 24, 2015
    Fed Semi-annual Testimony to House and Senate

    Wednesday, Feb 25, 2015
    New Home Sales @ 10 am et

    Thursday, Feb 26, 2015
    Weekly Jobless Claims @ 8:30 am et

    Thursday, Feb 26, 2015
    Consumer Price Index @ 8:30 am et

    Thursday, Feb 26, 2015
    Durable Goods Orders @ 8:30 am et

    Thursday, Feb 26, 2015
    FHFA House Price Index @ 10 am et

    Friday, Feb 27, 2015
    Q4 GDP 2nd Estimate @ 8:30 am et

    Friday, Feb 27, 2015
    U of Michigan Consumer Sentiment @ 10 am et

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