01.15.16-You guessed it, GREAT NEWS for Real Estate and Mortgages, not so much for everyone else.

Let's start with what is happening this morning. Everything came together with negative reports on retail sales, flat auto sales, PPI, Industrial Production and Utilization the latter two are numbers not seen since the recession of 2009. The retail numbers haven't been as bad since '09 as well. Are we seeing the front of another recession? Oil will hold it's losses and stay under $30 and a pattern of stocks following oil prices is beginning to materialize. This unfortunately will only support a short lived dip in mortgage rates.  Use all of this information as a buy sign to clients and prospects that these rates won't hold and recession fears will create sell signals to sellers. I would call every prospect you have and get them excited that now is the time to move! I am! You send me one, I will try to send one back.

I have been watching the CBOE Volatility Index, aka "the fear gauge" it is climbing quickly up almost 15% into the upper 27's, additional panic selling will happen across the board once this eclipses 30.

If there were three things to keep an eye on to give yourself some idea where we are at and where we are going in the interest rate markets, I would watch the CBOE, oil prices and 10 year treasuries. When watching treasuries for those new to watching the game, remember dropping yields are our friend ignore the pricing. When the yield drops your clients get better rates or bigger dollar credit from your lenders for closing costs and pre paids.

Since I started writing not one company has been brave enough to hedge and issue a rate sheet based on the now. I will post yesterday's rates for your review and post updated ones once rate sheets are issued this AM. The lenders are making sure these prices are holding and also to see if we pass any technical marks that could indicate a correction quickly. I think in the next 30-45 minutes rates will be out and then a day full of good news of posting reprice after reprice of the markets improvement.

I will remind you I can close loans in 10-14 days with NO origination, broker,lender or discount fees and the incredible rates I offer daily. If your clients are not receive the service I can provide give me a chance, you will be amazed and that much closer to your 2016 sales goals.

Rates have been issued now by a few pricing which effects credit to our borrowers has improved by.50% or $1500 on a $300,000 loan but the rates have stayed the same except on Conventional loans they have dropped another .125% in rate to 3.625% 30 year fixed. Continued market improvement today will start to bring rates maybe an .125% lower yet today. But lenders are  a greedy bunch. They may try to hold back for themselves and may not better pricing until next week since the markets are closed Monday. This allows them to ensure the markets hold these lows before giving us the great pricing and rates.  Best hopes are Asian markets are opening Monday and their continued plunge would greatly help our Tuesday market open. Stay tuned and have a great weekend of listing and selling! I am available all weekend for pre qualification letters and issuing of Loan Estimates.