Egypt

WeeklyBasis 3/5/11: Oil Wars & Retail Stores

Rates ended last week even, with 30yr fixed loans settling at 4.875% after a wild ride. Bond traders face tough choices right now: sell (rates rise) because rising oil and commodities are causing inflation? Or buy (rates drop) because bonds are a safe haven from turmoil in Libya? The tough choices are compounded when Libyan

WeeklyBasis 2/26/11: Will Jobs Report Stump Markets Again?

Rates were down .25% last week, regaining much of the .375% rise of early-February. The North-African/Middle-Eastern uprising against dictators spread from Egypt to oil-producing Libya. Tensions grew last week as their leader Muammar Gaddafi fired repeatedly on his own citizens and made even crazier public statements than Charlie Sheen, the self-proclaimed man with fire-breathing fists.

WeeklyBasis 2/26/11: Will Jobs Report Stump Markets Again?

Rates were down .25% last week, regaining much of the .375% rise of early-February. The North-African/Middle-Eastern uprising against dictators spread from Egypt to oil-producing Libya. Tensions grew last week as their leader Muammar Gaddafi fired repeatedly on his own citizens and made even crazier public statements than Charlie Sheen, the self-proclaimed man with fire-breathing fists.

Bad news helps rates. Libya revolution links.

Rates are .2% lower today as investors flock to the safety of mortgage bonds (FNMA 30yr 4% coupon now up 50 basis points) while Middle East protests spread. It began in Tunisia, then Egypt, and now Libya where unemployment is 30% and citizens are again rising up against their leader Muammar Gaddafi. The difference with

WeeklyBasis 2/5/2011: About That Refi Boom

Rates rose .375% last week, which means $116 more per month on a $500,000 loan. Below is a brief explanation of why this happened and what to expect next week. Let’s back up to Friday, January 28 to explain why rates spiked. That day, GDP showed the economy grew 3.2% in 4Q2010, a nice improvement

Best Egypt Humor So Far

Of course Stephen Colbert can be counted on to crack some quality jokes about Egypt, especially his call to “crush the revolution” if we have to pay higher gas prices (VIDEO BELOW). But TheReformedBroker definitely delivered the Egypt humor quote of the day, also below.

Best Egypt Humor So Far

Of course Stephen Colbert can be counted on to crack some quality jokes about Egypt, especially his call to “crush the revolution” if we have to pay higher gas prices (VIDEO BELOW). But TheReformedBroker definitely delivered the Egypt humor quote of the day, also below.