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Connecticut Mortgage Rates April 19, 2010
Connecticut mortgage rates improved last week. Oil prices continued to fall off the beginning of the week. Fortunately Connecticut mortgage rates improved nicely amid the tame inflation environment. Unfortunately that trend reversed mid week as oil prices spiked tied to a report which indicated supplies declines. Stocks also surged higher as earnings reports generally pleased investors. The DOW easily eclipsed the 11,000 mark.
Despite this, Connecticut mortgage rates still managed to improve by about 1/4 of a discount point for the week.
Leading economic indicators data Monday will set the tone for trading this week. The producer inflation data will be the most important release. If inflation pressures emerge Connecticut mortgage rates may be pressured higher.
LOOKING AHEAD
Durable Goods OrdersDurable goods orders are generally believed to be a precursor of activity in the manufacturing sector because manufacturing must have an order before considering an increase in production. Conversely, a decrease in orders eventually causes production to be scaled back; otherwise the manufacturer accumulates inventories, which must be financed.
Unfortunately, durable goods orders data has many drawbacks. The first problem with the orders data is that they are extremely volatile. The volatility of the data usually is attributed to the civilian aircraft and defense components of ... more

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