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friday effect: It's Been A Quiet Week For A Mortgage Loan. . . - Daily Rate Update for July 9th, 2010 - 07/09/10 11:52 AM
Wholesale inventories nominal; Investors seek to hedge positions going into busy week; Next week's preview; New Feature: The Rumor Mill - Rate Lock Report for Friday, July 9th, 2010
In spite of the relative lack of data this week, mortgage pricing has still been a little more volatile that might have been expected, but most of that was caused by the stock lever from several straight days of higher than usual stock market gains. More than anything else, those stock market gains were driven by bargain hunting. Next week is a different animal altogether though, as we'll review below.
Today, the … (0 comments)
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friday effect: Private Employers Disappoint and 652,000 give up looking for work - Daily Rate Update for July 2nd, 2010 - 07/02/10 11:26 AM
Overall, 125,000 jobs lost; unemployment rate falls to 9.5% on discouraged workers; Only 83,000 private-sector jobs added - Rate Lock Report for Friday, July 2nd, 2010
As I predicted yesterday, the highlights of today's monthly jobs report were too few private-sector jobs added, and too many discouraged workers giving up. Results weren't drastically different than expected, though, so mortgage rates have opened the day slightly worse than they closed yesterday.
Each month, the Bureau of Labor Statistics brings us its Current Employment Statistics report, often referred to as the Non-Farms Payrolls report, a survey of 160,000 business and government entities that … (0 comments)
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friday effect: Final GDP Report Confirms Growth is Slower than Expected - Daily Mortgage Rate Update for June 25, 2010 - 06/25/10 01:20 PM
Mortgage sell off yesterday was mostly profit taking; rates headed back towards lowest on record - Rate Lock Report for Friday, June 25, 2010
Many of us who were floating loans yesterday were shocked yesterday when a market that had opened significantly stronger sold off gradually throughout the day, ending with mortgage pricing almost 3/4 of 1 point, or between .125-.25% in rate, worse. Analyzing the data and other information available yesterday, there was no underlying reason for this sell off, rather, traders who had seen the value of their holdings increase substantially recently took yesterday's stock market as a cue … (0 comments)
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Dan Hartman
Providence,
RI
More about me…
Province Mortgage Associates - (401) 263-8655
Address: 10 Davol Sq, Providence, RI, 02903
Office Phone: (401) 490-4400 x 114
Cell Phone: (401) 263-8655
Email Me
Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you!
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