Bloomberg Reports: Americans are digging themselves out of mortgage debt. Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low…
Nick AlvinoJune 19, 2012
This week starts with Spain receiving $125B to rescue its banking system as their large banks were on the cliff of collapse. That should help the stock market after its…
Nick AlvinoJune 11, 2012
This week after a huge drop in interest rates last week, this week should see some consolidation. The stock market and the bond markets are both technically over-extended. That said,…
Nick AlvinoJune 4, 2012
This week Treasury will auction $99B of notes beginning Tuesday through Thursday. The 10 yr note yield fell to 1.70% last week, a key resistance level and matching the lowest…
Nick AlvinoMay 21, 2012
Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized. The median sales price increased from a year earlier in 74 of 146…
Nick AlvinoMay 15, 2012
This week there isn’t much in the way of key economic reports. Over the week-end French and Greek voters sent a strong message from their citizens and to Germany that…
Nick AlvinoMay 7, 2012
This week the FOMC meting is the report to watch. The policy statement Wednesday afternoon has many thinking the Fed will announce another QE move to keep rates from increasing. We…
Nick AlvinoApril 23, 2012
This week’s calendar has a number of key reports beginning Monday with March retail sales and the NY Empire State manufacturing index. The benchmark 10 yr note ended last week…
Nick AlvinoApril 16, 2012
• FHA Streamlined Refi. If you have an FHA loan that was endorsed on or before May 31, 2009, (call to confirm) and you've made the last 12 months of payments…
Nick AlvinoApril 10, 2012