Licensed Mortgage Professional in AZ, CA, CO, FL & OR NMLS 179617 @ Phoenix Mortgage Brokers, LLC NMLS 1800544 #BrokersAreBetter

Phoenix, AZ
Joined March 2009
Rates ticked up a touch as tech stocks bounced back. No big reports this week, so headlines drive rates. Watching Tuesday's housing data. Message me and I'll run your numbers. John Blanks | Licensed Mortgage Broker AZ, CA, CO, FL, OR | NMLS 179617 | Phoenix Mortgage Brokers
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Hot inflation all week, yet mortgage rates had a good run. The Fed chair stayed quiet, and markets see just a 15% chance of an October hike. Watch jumpy rates and oil near $97. DM me and I'll run your numbers. AZ, CA, CO, FL, OR | NMLS 179617
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Mortgage bonds rallied despite hot wholesale inflation on an AI and chip stock selloff. The 10-year Treasury yield closed near 5.06%, a 3-week low. Retail sales rose 0.8%, but just 0.1% without gas. DM me and I'll run your numbers. AZ, CA, CO, FL, OR | NMLS 179617
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John Blanks retweeted
I was wrong. While this sound works with any great sports moment, THIS home run is the new favorite! What a moment from Bauers!!! #Brewers | #WinOurWay
We proved that this song works with any great sports moment. The home run by Contreras in the NLCS might be my favorite. #Brewers | #WinOurWay
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Mortgage bonds closed a bit better today, and the 10-year Treasury yield eased to 5.19%. We see steady to slightly better pricing tomorrow. Agents, send buyers my way before they write an offer. DM me to run your numbers. NMLS 179617
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Hot CPI: prices +3.7% YoY, broad-based. Bonds sold off, 10-yr at 5.29%. Fed hike odds for 10/28 now over 50%. ARMs and buydowns are back in play. Stance: carefully floating. DM me and I'll run your numbers. AZ, CA, CO, FL, OR | NMLS 179617
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Stocks lower, mortgage bonds closed higher and broke a key ceiling. 10-yr Treasury near 5.21%. CPI tomorrow is the next test. Stance: Floating. DM me and I'll run your numbers. AZ, CA, CO, FL, OR | NMLS 179617
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Higher 10-yr Treasury yields pulled bond buyers back in: mortgage bonds firmer, 10-yr under 5.29%. Sept home sales +1.5%, hiring steady, confidence near lows. CPI tomorrow is the gate. Stance: Floating. DM me and I'll run your numbers. AZ, CA, CO, FL, OR | NMLS 179617
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Rates got pushed midday and held. Mortgage bonds bounced back by the close, and the 10-yr ended near 5.24% even with the Dow up 423 points. CPI is Wednesday, and bond markets are closed Monday. DM me and I'll run your numbers. AZ, CA, CO, FL, OR | NMLS 179617
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The 10-yr yield closed back under 5.29%, its 2007 high, helped by Iran news and strong Treasury auctions. Next up is CPI on Wednesday, with bond markets closed Monday. Buying or refinancing? DM me and I'll run your numbers. AZ, CA, CO, FL, OR | NMLS 179617
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The 10-yr yield eased into today's close, from about 5.31% to about 5.23%. Stocks were mixed, while mortgage bonds and yields moved in borrowers' favor. Buying or refinancing? DM me and I'll run your numbers. AZ, CA, CO, FL, OR | NMLS 179617
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Rates started under pressure from rising European bond yields but are working their way back. Yields may be topping out, so if you're not closing soon, there may be room to wait carefully. Closing soon? Let's talk about locking. Licensed in AZ, CA, CO, FL & OR.
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This morning rates were under pressure, but mortgage bonds bounced back by the close after strong demand at today's 10-year Treasury auction. That's a better finish, but markets are still choppy, and the 10-year yield is still testing 5.29%. If you're under contract, locking still makes sense. Licensed in AZ, CA, CO, FL & OR.
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Rates are moving higher this morning as France's debt problems lift yields worldwide. Under contract or close? Today is a day to lock, not wait. Big tests this afternoon: 10-year Treasury auction + Fed minutes. Licensed in AZ, CA, CO, FL & OR.
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Wrap: stocks a bit higher; mortgage bonds closed firmer than the open; 10-yr eased near 5.28%. Not fireworks — a steadier, friendlier close for rate talks. Floating (mild). AZ/CA/CO/FL/OR — happy to run numbers.
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Rates are catching a break as Europe slows, but early gains have faded before. The 10-yr sits at ~5.29%, highest since 2007: below it = room to improve, above it = rates could climb. Hiring is warming up. Stance today: Floating. AZ, CA, CO, FL or OR? Let's talk.
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TFTF (Mauldin): soft jobs (+29k) vs much lower breakeven (~25k); Fed can wait till Dec; private debt down; housing lock-in (~50% mortgages <4%); construction boom isn’t just data centers. Data > scare headlines. AZ, CA, CO, FL or OR — DM if useful.
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MU: Floating to start. Bonds can’t hold gains post PCE/Jobs. Japan/yen watch. MOVE ~113; spreads 2.30%. UMBS 100.37 (−14 bp). 10y ~5.32 testing 5.29% — next 5.43 / 5.52 / 6.80. Week: ADP/Fed Tue; apps+10y+Minutes Wed; claims+30y Thu. AZ/CA/CO/FL/OR — happy to run numbers.
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Wrap: stocks higher (Dow +250 / S&P +56). Bonds sharply lower — UMBS 100.57 (−23 bp); 10y 5.2748 (+3 bp). Stocks up, bonds down into the close. AZ/CA/CO/FL/OR — happy to run numbers.
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Wrap: stocks barely green (Dow +21 / S&P +15). UMBS 100.80 (+30 bp); 10y 5.2428 (−4 bp) after a 5.34→5.21 range. Bonds firmed into the close ahead of Friday Jobs. AZ/CA/CO/FL/OR — happy to run numbers.
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