Mortgage Backed Securities are Minus 40bps this morning and puts the 3 day total above 100bps.

The Chicago PMI came in at 61.1 rising from the 56.6 reading last month and well above the 51 that analysts expected. Last month the same reading slipped and gave investors pause that the stimulus was not working. This reading tells investors that we were in a soft patch and the long term health of the economy may be just fine.

"The Greek parliament bore a gift to the...

Mortgage Backed Securities are minus 16bps this morning and are down 47bps since yesterday afternoon.

Equity markets rallied yesterday afternoon and contiune the rally here again today. Last week we had investors pile into the bond markets like clowns into a small car at the circus. That took the 10 year Treasury yield to the 2.83. We are now at 3.08 on a 10 year Treasury. Most of that movement happening in the last 48 hours. This as Greece pushed to get austerity measures pushed...

We have created a few e-books lately that talk about the simple steps to home ownership in the Milwaukee Real Estate market. The fact of the matter is there are cavernous holes you can fall into if you do not stay on the path during the home purchase process. I created an e-book that talks about 15 possible mistakes. I would like to talk about paying on an old collection.

When you dive into the Milwaukee home purchase market it can be confusing on what should be done to improve your...

Mortgage Backed Securities are Minus 22bps this morning.

The results of yesterday's auction were fair at best, This started a slide in MBS yesterday afternoon. The slide continues today as equity markets are rising over optimism in Greece. Olli Rehn, the European Union’s commissioner for economic and monetary affairs, in a statement Tuesday said

The austerity and privatization measures “must be approved if the next tranche of financial assistance is to be released,”...

I recently refinanced my in-laws from a 20 year mortgage to a 30 year mortgage and did that create a stir. Most of the family told them they were getting older and they should refinance to a shorter mortgage term. With Milwaukee mortgage rates hitting close to record lows I suggested that they take a longer term loan. A 4.5% percent 30 year is no different then a 4.25% 15 year they would have received if they would have refinanced two years ago. The difference is working with a realistic budget....