Blog Bytes

Posted on Mar 12, 2014

Fears of an economic slowdown in China are supporting the Bond markets in the early going, and in turn, pushing Stock prices lower.

There are no economic reports due for release today, but the Treasury will be selling a boat load of 10-Year Notes, which could impact trading when the results are released at 1:00pm ET.

With Stock prices declining today, I will continue to recommend floating, while the technical picture favors higher Mortgage Bond prices.

On a Local Front, Bend Real Estate Market continues to show improvement in Values and New home Sales are ever increasing with the mild winter we have had.  We are still experiencing a shortage of inventory in the marketplace causing for multiple offer situations.  If you are looking to purchase a new home in the near future, be sure that you are pre approved with a lender that can work quickly for you in the event of making an offer.  Also, be sure to keep you lender updated with current bank statements and paystubs if applicable and always consult your Loan Officer if you are going to make any larger purchases or make large non payroll deposits.

Call 541-323-0422 Today!