Ons het gedink vandag sal 'n groot dag vir jou 'n update van Verband Mike gee op wees City Creek Verband since the Federal Reserves Interest Rate decision was released at noon today. Hierdie besluit paar golwe in die mark wat jy moet bewus wees van kan veroorsaak. Ons sal dit oorhandig aan Mike om jou die sappige besonderhede.
“Mortgage bonds dropped from the tip top of their trading channel yesterday morning all the way down to the very bottom. The main culprit for the swift change was the Federal Reserve interest rate decision that was released at middag MST. Within the Fed’s Monetary Policy Statement, die Fed fondse koers behou sy 0% – .25% range. Egter, the market was surprised when it directly referenced the December meeting as a time in which a rate hike could come into play. In reaction, die Fed se termynkontrak het 'n toename in die geïmpliseer waarskynlikheid vir 'n staptog op die Desember 16ste FOMC vergadering 43% van die 34% prior to the statement. ongeag, keep in mind that this number has changed many times in recent months and remains subject to economic data as it becomes available.
Die vloer van ondersteuning wat sku gehou effekte up gister dan losgebreek vanoggend, veroorsaak verbande om vinnig tuimel af na die volgende vloer wat deur die 50 day moving average. That only held for a short time before bonds were sent tumbling lower once more. They now appear destined to fall down to their 100 DMA, wat tans oor 35 basis points beneath current levels. This is a very negative sign for the near term direction of mortgage interest rates and brings conclusion to the story of which direction bonds would break out of their nearly 5 week channel. Although not what we had hoped for, daar weer bly sterk steun onder ons.
Die vooraf lees op 3rd quarter GDP was reported this morning to be 1.5%. Although below the 1.7% verwagte, the news provided little support to help keep bonds from falling. It seems that fear of a Fed rate hike in December seems to be the primary driver of the markets. Since we have not faced an increasing interest rate environment since June of 2006, beleggers onseker is oor hoe om hul hoewes te posisioneer as ons kop in hierdie omgewing weer.
Gegewe die algehele swakheid in die effektemark, ons sal ons sluit vooroordeel handhaaf.”
Soos gewoonlik, dit is wonderlik om te hoor van Mike en ons sal voortgaan om hom as 'n bydraer op ons webwerf so ons kopers daar buite op die op en op oor wat hulle moet doen oor die ideale tyd om te sluit as hulle voortgaan om hul droom huis te vind.
