January 2018

Below is the news for the month when it happened and the market’s reaction.  For a full view of the month start at the bottom and work your way up. If want to know what just happened start at the top. All Times are Eastern Standard Time.  When the price of Mortgage Backed Securities (MBS) goes down rates go up, and when the price goes up rates come down. Remember in the bond market Bad News is Good News and Good News is Bad news. Wednesday - January 31   MARKET WRAP: The Fed left interest rates unchanged at today's FOMC meeting but the statement pain...

January 1st, 2018 January 2018

What exactly happens when a mortgage lender checks my credit?

What exactly happens when a mortgage lender checks my credit? : HTTPS://WWW.CONSUMERFINANCE.GOV/ASK-CFPB/WHAT-EXACTLY-HAPPENS-WHEN-A-MORTGAGE-LENDER-CHECKS-MY-CREDIT-EN-2005/ According to the link above from the Consumer Financial Protection Bureau (CFPB) A mortgage inquiry has a small, but negative impact on your credit score. You can shop around and have multiple inquiries for 45 days, and the impact is the same as one inquiry You can get a free credit report at www.annualcreditreport.com

December 31st, 2017 What exactly happens when a mortgage lender checks my credit?

December 26th - 29th

12/29/17 Market Wrap Sparse trading desks led to lower trading volumes in this holiday shortened week. Bond prices closed higher when trading ended at 2:00 p.m. ET. The Fannie Mae 30-yr 3.5% coupon ended at 102.72, +19bp and above both resistance levels at the 25- and 50-day Moving Averages. Stocks are modestly lower and close normal time at 4:00 p.m. ET. If you read this morning's Daily Market Update, you will see the huge gains seen in the U.S. equity markets in 2017. The 10-yr yield is finishing the year at 2.41%. WTI oil was last seen at $60.27/barrel. We'll get right back in...

December 29th, 2017 December 26th - 29th

County Taxes on the Jefferson County Alabama website

Property Taxes Alabama Jefferson County: Click on the link below: http://eringcapture.jccal.org/caportal/CAPortal_MainPage.aspx Then click just below  JEFFERSON COUNTY, ALABAMA. CITIZEN ACCESS PORTAL Property Tax Shelby County https://ptc.shelbyal.com/caportal_mainpage.aspx Madison http://www.deltacomputersystems.com/AL/AL47/plinkquerya.html    

December 28th, 2017 County Taxes on the Jefferson County Alabama website

December 18th to the 22nd

12/22/17  Late Morning Review: Sales of new homes soared in November, driven by solid demand across the nation. The Commerce Department reported that New Home Sales rose 17.5% from October to an annual rate of 733,000 units, a 10-year high. That was the biggest monthly gain since January 1992. Sales also were up nearly a whopping 27% from November 2016.A strong labor market was one of the catalysts that propelled New Home Sales higher. Regionally, sales rose 31% in the West, 14.9% in the South, 9.5% in the Northeast and 6.9% in the Midwest. The median home price rose 1.2%. Inventori...

December 20th, 2017 December 18th to the 22nd

December 11th to 15th

12/13/17 Market Wrap: Coming soon Late Morning Review: Inflation at the consumer level was somewhat tame in November, due in part to weak healthcare costs and a big drop in apparel prices. The Labor Department reported that the Consumer Price Index (CPI) rose 0.4% in November from October, which was inline with expectations. When stripping out volatile food and energy, the more closely watched Core CPI rose 0.1%, below the 0.2% expected. Year over year, Core CPI fell to 1.7% from 1.8%. The Federal Reserve Bank of the U.S. is expected to raise the short term Fed Funds Rate when t...

December 11th, 2017 December 11th to 15th


John Marbury
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