Entries by Jim Barnes

Home prices increased 13.4% on a year-over-year basis.

MBS OVERVIEW We get our first real dose of economic data for the week and start three straight days of Treasury auctions. TODAY’S EVENTS Case-Shiller Home Price Index: Home prices increased 13.4% on a year-over-year basis. The consensus estimates were for a gain of 13.3%. This is not a report that impacts your pricing. Consumer […]

Our 2014 Market Forecaset

Should I sell or wait? The question that I am asked most often by potential clients is, “is this a good time to sell or should I wait until the market improves even more? Maybe even rent the property and see what the market is like this year”?   Everything you see and hear would seem […]

Why does the Non-Farm Payroll report affect mortgage rates?

John Williams Strategy First Mortgage Office: 916-390-9467 Email: john.williams@sfmmail.com website: www.strategyfirstmortgage.com NMLS#: Monday, February 10, 2014 Why does the Non-Farm Payroll report affect mortgage rates? On Friday, the Non-Farm Payroll report came in much weaker than expected (134k new jobs vs the estimates of 185k), and helped stabilize mortgage rates once again.  Have you ever wondered why […]