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unemployment claims: Inflation is nominal, Manufacturing growth slows - Daily Mortgage Rate Update for July 15th, 2010 - 07/15/10 01:05 PM
Core inflation a mere 0.1%; Manufacturing growth slows in Philly, Empire Fed indexes; 30-year fixed rates hold at 4.57% - Daily Mortgage Rate Update for July 15th, 2010
In a week filled with important economic data, no day brings more of that data than today. Inflation, 3 different manufacturing surveys, and the Freddie Mac mortgage rate survey all report today. The information revealed suggests that the economic recovery may be sputtering.
All three manufacturing surveys showed a decrease in the growth rate for manufacturing, which had been one of the few bright spots for this economy lately. The services sector isn't … (0 comments)
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unemployment claims: Surge in Stocks Saps Mortgage Pricing and Reduced Unemployment Claims Support it - Daily Rate Update for July 8th, 2010 - 07/08/10 12:31 PM
Traders gobble up data suggesting worldwide growth may be stronger than expected this year; Unemployment claims fall more than expected; Mortgage rates at new lows - Rate Lock Report for Thursday, July 8th, 2010
Stocks got a nice bump yesterday as bargain-hunting traders swooped into financial sector companies, among others. After Tuesday's near-panic over a possible double-dip recession, stock prices presented a nice opportunity, enough to push the Dow Jones Industrial Average over 10,000 again. Unfortunately for mortgage pricing, much of the money needed for this came from sales of other assets, like mortgage-backed securities, causing pricing to worsen by as … (0 comments)
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unemployment claims: Mortgage Rates Set a New Record Low on Weak Economic Data - Daily Rate Update for July 1st, 2010 - 07/01/10 01:05 PM
First Time Homebuyer Closing Extension Almost Certain; 30-year Fixed Hits 4.58%; Unemployment Claims up - will Non-Farms Payrolls miss tomorrow? - Rate Lock Report for July 1, 2010
Happy July! I imagine many of your reading this are relieved that the deadline to close tax credit homes has passed; I hope you were successful in getting them all to the table; if not, congress finally got it together and passed an extension through both houses yesterday, so you will likely have until September 30th to close those.
New unemployment claims were unexpectedly higher today, at 472,000, further bringing into question economists … (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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