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Posted ( Tony Frerking) in Featured on November-12-2008 |
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Mortgage Bonds are trading higher so far this morning, in reaction to continued weakness in the Stock market.
Adding to the negative sentiment in Stocks this morning are the poor earnings outlooks for Best Buy and Macy’s. These negative outlooks come right on the heels of Circuit City closing 150 stores. Suffice it to say, this holiday season doesn’t look good for retailers.
There are no economic reports due out today, but at 1 pm Eastern Time the Treasury is set to auction off $20B in 10-Year Notes. If this auction is not well received, it could temper the current rally in Bonds.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
Direct: (209) 404-2200
Fax: (209) 254-7142
tfrerking@pmzloans.com
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Posted ( Tony Frerking) in Featured on November-10-2008 |
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Stocks are higher this morning on the heels of a Stock rally in China that was ignited by the Chinese government’s plan for a $586 Billion stimulus package. Should Stocks hold or add onto their gains, it will likely add selling pressure to Bonds. Also adding selling pressure to Bonds this week will be auctions of Treasury Notes today and Wednesday.
In other news, the poor economy is being felt across the board, as Circuit City filed for Chapter 11 Bankruptcy and the department store Nordstrom is reporting that its growth rate is down 16%. Additionally, the automobile industry’s woes continue, as Deutsche Bank downgraded shares of General Motors from hold to sell, giving a price target of $0…yes, $0.
Currently, Bonds sit very close to both the 50 and 200-day Moving Averages. The Bond market closes early today at 2 pm Eastern Time and will be closed tomorrow for Veterans Day. Stock markets, however, will conduct their normal business hours this week.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
Direct: (209) 404-2200
Fax: (209) 254-7142
tfrerking@pmzloans.com
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PMZ Home Loans is pleased to announce exclusive loan programs for California Teachers and members of the CalPERS through the CalPERS and CalSTRS Member Home Loan Programs.
The CalSTRS program for Teachers offers affordable 15 and 30 years fixed rate home loans, reduced title and escrow fees, and more.
To find out more about these special loan programs or to apply online, visit CalSTRS and CalPERS Loan Programs - PMZLoans.com
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Posted ( Tony Frerking) in Featured on November-7-2008 |
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The Labor Department’s Jobs Report came in much worse than analysts expected, with 240,000 jobs lost in October. In addition, the Unemployment Rate jumped to its highest level since 1994.
In market news, Stocks are coming off their worst back-to-back days since the 1987 Stock Market crash. Although Stocks opened higher this morning, they could be in for more of a decline as today’s poor Jobs Report sinks in. This could create selling pressure on Stocks, which may help bonds improve.
Currently, prices are battling a strong ceiling of resistance. Should prices break out above current levels, it would be very bullish.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
Direct: (209) 404-2200
Fax: (209) 254-7142
tfrerking@pmzloans.com
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Posted ( Tony Frerking) in Featured on November-6-2008 |
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Mortgage Bonds are trading lower this morning after enjoying a nice three-day rally higher. This comes on the heels of big news from overseas in which both the Bank of England and the European Central Bank cut their benchmark interest rates. The good news is that these cuts should have a positive effect on the US Dollar and on Oil prices.
Tomorrow, the Labor Department releases its Jobs Report for October, and the markets are already expecting a lousy report. Since Bonds are trading above a dual level of support and given the recent upswing,
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
(209) 404-2200 - P
(209) 254-7142 - F
tfrerking@pmzloans.com
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Posted ( Tony Frerking) in Featured on November-5-2008 |
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Mortgage Bonds are following through on yesterday’s huge rally, and are getting an additional boost from today’s weak ADP Employment Report. ADP reported that 157,000 jobs were lost in October, the most in 6 years. Stocks are also down this morning, which is providing a boost to Bonds as well.
Prices started the day right at the 200-day Moving Average and have since powered higher. Should Bonds be able to sustain these gains, the 200-day Moving Average would once again become an important floor of support for prices.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
(209) 404-2200 - P
(209) 254-7142 - F
tfrerking@pmzloans.com
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Thanks to Diane Kaufman, Leah Mettler, Rose-Marie Mendonca, Jack Clements, Carolynne Stilphen and Dan Holly who participated in the 36th Semi-Annual Street Fair sponsored by the Lodi Chamber of Commerce on October 5th. Over 600 Vendors and Visitors throughout the Central Valley came and participated in the festivities. The street fair is located in between Church and School Streets in Lodi. Don’t miss the next street fair on the first Sunday in May.
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Posted ( Tony Frerking) in Featured on November-4-2008 |
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Election Day is finally here, and Mortgage Bonds are trading slightly higher so far this morning. With no major economic news due out today, Bonds will likely take their direction from Stocks. Currently, Stocks are trading higher, which could put pressure on the Bond markets.
In other news, Australia’s central bank cut interest rates more than expected, and the European Central Bank could slash interest rates later this week to help contain the global financial crisis. That should help the US Dollar gain more strength, while also helping to lower oil prices.
Overall, Mortgage Bonds continue to hover above a level of support.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
(209) 404-2200 - P
(209) 254-7142 - F
tfrerking@pmzloans.com
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Posted ( Tony Frerking) in Featured on November-3-2008 |
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Mortgage Bonds are trading a bit higher, but already far off the best levels of the day.
Also in the news this morning is more evidence that the economy is slowing, as the ISM Index for October was reported much worse than expectations. However, even after this poor economic news came out, Mortgage Bonds failed to improve.
Currently, Bond prices indicate indecision among Traders. With the presidential election coming tomorrow, the markets will likely be calm today as Traders wait to see what unfolds.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
(209) 404-2200 - P
(209) 254-7142 - F
tfrerking@pmzloans.com
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For Trick-or-Treaters
- Carry a flashlight
- Walk, don’t run.
- Stay on Sidewalks
- Obey traffic signals
- Stay in familiar neighborhoods
- Don’t cut across yards or driveways.
- Wear a watch you can read in the dark.
- Make sure costumes don’t drag on the ground.
- Shoes should fit (even if they don’t go with your costume)
- Avoid wearing masks while walking from house to house.
- Carry only flexible knives, swords or other props.
- (If no sidewalk) walk on the left side of the road facing traffic
- Wear clothing with reflective markings or tape.
- Approach only houses that are lit.
- Stay away from and don’t pet animals you don’t know.
For Parents
- Make your child eat dinner before setting out.
- Children should carry quarters so they can call home.
- Ideally, young children of any age should be accompanied by an adult.
- If your children go on their own, be sure they wear a watch, preferably one that can be read in the dark.
- If you buy a costume, look for one made of flame-retardant material.
- Older children should know where to reach you and when to be home.
- You should know where they’re going.
- Although tampering is rare, tell children to bring the candy home to be inspected before consuming anything.
- Look at the wrapping carefully and toss out anything that looks suspect.
For Homeowners
- Make sure your yard is clear of such things as ladders, hoses, dog leashes and flower pots that can trip the young ones.
- Pets get frightened on Halloween. Put them up to protect them from cars or inadvertently bitting a trick-or-treater.
- Battery powered jack o’lantern candles are preferable to a real flame.
- If you do use candles, place the pumpkin well away from where trick-or-treaters will be walking or standing.
- Make sure paper or cloth yard decorations won’t be blown into a flaming candle.
- Healthy food alternatives for trick-or-treaters include packages of low-fat crackers with cheese or peanut butter filling, single-serve boxes of cereal, packaged fruit rolls, mini boxes of raisins and single-serve packets of low-fat popcorn that can be microwaved later.
- Non-food treats: plastic rings, pencils, stickers, erasers, coins.
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