Orlando Mortgage Blog

The 10 yr bond was basically just a 2 bp lower than yesterday's close at 9:54 this AM and we just saw the January Consumer Confidence Report come in at 60.6 much better than expected especially compared to December's 53.3 and November's 52.5. The 10 yr has jumped almost 3 bp after the report. I would expect to see some adjustment upwards on price this morning on the report. But since most pricing sheets aren't out yet, it's still a little early to tell. The FHFA Home Price Index that was reported just before this one came in unchanged.

Early afternoon now and looks so far like the Consumer Confidence Report has had little effect. Strange. More proof that when you think you know how to read the book, somebody changed the required reading and didn't tell you.

Hey did you see today where a recent report says that it's now cheaper to buy than rent in 72% of America's biggest cities? So if you have any friends or family members that are renting right now, I'd appreciate it you could send them my way. I'd love to try to help them out. 

Thanks!