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Anders L. Nilsson
  • Wakefield, MA
  • United States

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Anders L. Nilsson posted a blog post

Weekly Mortgage News - Perfect Numbers

The unemployment and payroll data released on Friday turned out to be the perfect news for the stock market. The numbers were very close to expectations. If the numbers had been stronger than there would have been concerns of the Fed ending its QE efforts, weaker numbers and the worry would have been of the economy not growing enough. The middle of road data helped the stock market rally and the bond market fell pushing rates higher. We had seen rates drop both Wednesday and Thursday after the…See More
Jun 1, 2014
Anders L. Nilsson posted a blog post

Weekly Mortgage News - Busy Week

We had a busy week with many news releases and the Fed meeting ending Wednesday. There were no surprises in the Fed statement Wednesday. The market had hoped for stronger wording on the continuation of the QE bond buying and the possibility of expansion but the language was similar to that we saw after the last meeting. In the end there was little reaction in the markets though mortgage backed securities (MBS) gave up a little bit of earlier gains causing rates to tick up.The big day for the…See More
May 6, 2013
Anders L. Nilsson posted a blog post

Weekly Mortgage News - Are We Moving?

With little news, mortgage rates barely moved for the first four days last week.Friday's weaker than expected GDP data was favorable for mortgage rates, however,and caused rates to end the week a little lower.GDP, which measures all the goods and services produced in the US, is the broadest measure of economic growth. First quarter GDP increased at a 2.5% rate, which was below the consensus forecast, but was up from 0.4% in the fourth quarter. Strength was seen in consumer spending and…See More
Apr 29, 2013
Anders L. Nilsson posted blog posts
Apr 22, 2013
Anders L. Nilsson posted a blog post

Weekly Mortgage News - A Weak Week

All reports released on the jobs situation this week were on the weak side. The Thursday Jobless Claims number was the highest seen since November. On Friday the jobs report for March was released. The expectations were for 190K jobs to have been added but the actual number was less than half of that, 88K. Despite this the Unemployment Level fell to 7.6% but the drop of .2% was all attributed to people ceasing to look for a job and not as a result of people finding jobs. Jobs data like this is…See More
Apr 8, 2013
Anders L. Nilsson posted blog posts
Apr 1, 2013
Anders L. Nilsson posted blog posts
Mar 11, 2013
Anders L. Nilsson posted a blog post

Weekly Mortgage News - A Snoozer

There was no  real surprise all week long. With all economic data reports coming in as expected and no surprises in the Fed Minutes. With that the market took a snooze. No major changes from a week ago. The primary message that investors received from the highly anticipated Minutes from the January 30 Fed meeting was that Fed officials remain divided on the outlook for the Fed's MBS and Treasury purchase program. The Fed's current position is that the program will continue until substantial…See More
Feb 25, 2013
Anders L. Nilsson posted blog posts
Feb 15, 2013
Anders L. Nilsson posted blog posts
Dec 3, 2012
Anders L. Nilsson posted a blog post

Weekly Mortgage News - Tumbling Down?

There is one headline this morning saying that the unemployment rate is tumbling. It did decrease from 8.1% to 7.8% but I’m not sure tumbling is the right word. It appears that once again it is going down because people stop looking for a job not because they find one. In September only 114K new jobs were added vs. expectations of 120K. It should be noted that at least 150K new jobs each month are required just to handle new entries to the work force as a result of population growth. The…See More
Oct 5, 2012
Anders L. Nilsson posted a blog post

Weekly Mortgage News - He's Back!

As you probably have noticed, it’s been a while since I sent out my regular update. We’ll I’m back though the fact is that I was never really gone. It’s been a fantastic year with the return of a hectic purchase market in combination with lots of refinances thanks to the record low rates. This will be one of my busiest years ever and when on top of that I ended up having to deal with some family issues I just ran out of time to do my weekly update the way I like it done. Anyway I hope to be…See More
Sep 25, 2012
Anders L. Nilsson posted a blog post

Weekly Mortgage News - Screws Are Being Tightened

See below for some more on Fannie Mae’s announced tightening of its guidelines. Continued bad economic news is good news for rates. Both US numbers and global data shows signs of the economy slowing. Even China has been reporting the shrinking of its GDP. Here in the US the jobs and manufacturing data in particular have been disappointing. To me the weak jobs data could end up being more of a break on the real estate market than the low rates acting as an accelerator.For those of us who live in…See More
Jul 17, 2012
Anders L. Nilsson posted a blog post

Weekly Mortgage News - Happy Birthday America

Dear All,Mortgage rates are definitely part of the celebration. With continued concerns of Europe’s economies last week and some weak economic data this week rates have improved yet a tad. The ISM measure which tells us about the manufacturing activity came in the lowest it has in 3 years. Good news is that Construction Spending came in a little higher than expected and this morning we heard of good Auto Sales. Still the IMF (International Monetary Fund) is warning the U.S. on its weak economy.…See More
Jul 4, 2012
Anders L. Nilsson posted a blog post

Weekly Mortgage News - More Of A Twist

There was lot of anticipation for a volatile week in the financial markets. First it was the Greek elections last Sunday and then the Fed meeting this week. Ben Bernanke did express disappointment with the economic news data as of late. This week was no different with another disappointing Jobless Claims update. The Fed says they stand ready to take action if unemployment doesn’t improve. In the mean time all they did was extend “Operation Twist” (QE2) until the end of the year. That was met by…See More
Jun 22, 2012
Anders L. Nilsson posted a blog post

Weekly Mortgage News - It's All Greek To Me

The financial markets continue to be focused on what is going on in Greece and other European nations. Especially with elections coming up in Greece this Sunday there has been a lot of speculations as to the outcome as well as to potential actions taken by the EU and the European Central Bank depending on election results. The uncertainty stemming from all this is supporting a flight to quality such as US Treasury and mortgage bonds helping to keep rates at record low levels. The US economic…See More
Jun 15, 2012

Profile Information

What is your home-buying status?
Just Browsing
If you are in the real estate industry, what do you do?
Mortgage Professional
If you are in the real estate business, what is your contact information.
617-539-0355
ANilsson@MetLife.com
www.andersmortgage.com

Anders L. Nilsson's Blog

Weekly Mortgage News - Perfect Numbers

The unemployment and payroll data released on Friday turned out to be the perfect news for the stock market. The numbers were very close to expectations. If the numbers had been stronger than there would have been concerns of the Fed ending its QE efforts, weaker numbers and the worry would have been of the economy not growing enough. The middle of road data helped the stock market rally and the bond market fell pushing rates higher.

 

We had seen rates drop both Wednesday and…

Continue

Posted on June 10, 2013 at 6:48am

Weekly Mortgage News - Busy Week

We had a busy week with many news releases and the Fed meeting ending Wednesday. There were no surprises in the Fed statement Wednesday. The market had hoped for stronger wording on the continuation of the QE bond buying and the possibility of expansion but the language was similar to that we saw after the last meeting. In the end there was little reaction in the markets though mortgage backed securities (MBS) gave up a little bit of earlier gains causing rates to tick up.

The…

Continue

Posted on May 6, 2013 at 9:05am

Weekly Mortgage News - Are We Moving?

With little news, mortgage rates barely moved for the first four days last week.Friday's weaker than expected GDP data was favorable for mortgage rates, however,and caused rates to end the week a little lower.

GDP, which measures all the goods and services produced in the US, is the broadest measure of economic growth. First quarter GDP increased at a 2.5% rate, which was below the consensus forecast, but was up from 0.4% in the fourth quarter. Strength was seen in consumer…

Continue

Posted on April 29, 2013 at 8:28am

Weekly Mortgage News - Smooth Sailing

The stock market ran into some choppy seas last week and ended it with its worst weekly performance of the year. Meanwhile the mortgage backed securities (MBS) continued to enjoy smooth sailing. There was little reaction to news that stirred the equities market. Consumer Price Index (CPI) showed 1.9% yearly inflation which is right in line with the Fed’s target. This combined with moderate expectations for growth is providing fair winds for MBS to continue to enjoy a nice…

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Posted on April 22, 2013 at 9:18am

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