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DJIA 10,447.93 up_arrow 127.83
    
    
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T-BOND 2.71 up_arrow 0.08

Mortgage Calculator - Loanlane

Mortgage Calculator


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equal_opp_lender Equal Housing Lender. Copyright 2010 Mark Leaver. All rights reserved. Terms and Conditions of Use. Read our privacy statement. CA Department of Real Estate, real estate broker, license 01006840. NMLS ID 278620. Rates appearing on the Loanlane web site are subject to change and are intended for California owner occupied single family residences only. First position liens only. Mortgage rates are subject to change without notice. Mortgage rates posted on this web site apply to applicants with a minimum FICO score of 720 and/or a loan-to-value ratio less than 60%, and require documented income to comply with underwriting requirements. Rate locks are granted only after the receipt of a fully documented loan application. Loans exceeding $729,000 require mortgage payments to be made automatically from a specific checking account. Inquire for details. Stock quotes, if displayed, are delayed 20 minutes. Stock quote data and market index information is provided for information purposes only, and is not intended for trading purposes. Loanlane is not liable for any errors or delays in the content related to stocks, bonds, or market indeces, or for any actions taken in reliance thereon. The information contained herein is believed to be reliable. However, we do not make any representations as to its accuracy or completeness. Any statements nonfactual in nature constitute only current opinions, which are subject to change.


Friday: a better than expected reading on employment numbers is helping stocks and hurting bonds. Following bond yields like a puppy, mortgage yields (also know as mortgage rates or mortgage pricing) inched higher.

Bond investors tend to "flee" upon any hint of good economic news, the theory being a good economy begets inflation, and inflation is the bane of bond investors. Because a bond investor seeks an income stream of fixed payments, those fixed payments are worth less in an inflationary environment and the bond investor demands more.

A simple analogy is a child's allowance. If a child is getting $10 per week but the price of soda goes up due to inflation, the child will want more money to satisfy his or her soda habit. The same holds true in the bond market ... the bond investor wants more income if his or her purchasing power is expected to erode. When bond investors want more income, what they're really saying is: give me more yield, which is a fancy way of saying: give me a better rate. We saw it happen this morning, and it happens to a varying degree every trading day of the year.

Have good weekend - Mark