Mortgage Market Update for Sept. 29th - 09/29/08 07:40 AM
This week brings us the release of five monthly economic reports for the bond market to digest. August's Personal Income and Outlays is the week's first data and will be released tomorrow morning. It gives us an indication of consumer ability to spend and current spending habits. This is important to the markets because consumer spending makes up two-thirds of the U.S. economy. Rising income generally indicates that consumers have more money to spend, making economic growth more of a possibility. This is bad news for the bond market and mortgage rates because it raises inflation concerns, making long-term securities such … (0 comments)

Mortgage Market Update for the Week of Sept 15th - 09/15/08 07:05 AM
There are only four pieces of economic news scheduled for release this week and one of them is a highly important inflation reading. We also have another Federal Open Market Committee (FOMC) meeting, which likely will not bring a change to key short-term interest rates. There is a pretty good possibility of seeing a fair amount of volatility in the markets and likely mortgage rates the next several days.The first report of the week is August's Industrial Production data tomorrow morning. This report gives us a measurement of manufacturing sector strength by tracking output at U.S. factories, mines and utilities. It … (0 comments)

Mortgage Market Update for the week of Sept 8th - 09/08/08 07:40 AM
This week brings us the release of four pieces of economic data, with three of them likely to affect mortgage rates. There is no relevant data scheduled for release until Thursday and the most important reports are all scheduled for release Friday. Therefore, look for the biggest changes to rates the latter part of the week. The first report of the week is not considered to be of high importance. July's Goods and Services Trade Balance data will be posted Thursday morning, giving us the size of the U.S. trade deficit. It is expected to show a deficit of approximately $58.0 … (0 comments)

Mortgage Market Update for the week of Sept. 1st - 09/02/08 07:25 AM
There are five relevant economic reports scheduled for release this week, but they are being posted over four days because the markets were closed on Monday in observance of the Labor Day holiday. The first piece of data this week comes tomorrow morning with the release of the Institute for Supply Management's (ISM) manufacturing index at 10:00 AM ET. This index measures manufacturer sentiment and is expected to show a decline from last month's reading of 50.0 to 49.5 in August. A reading above 50 means that more surveyed manufacturers felt business improved during the month than those who felt it … (0 comments)

 
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Don Grimes

Don Grimes

Okemos, MI

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Michigan Mutual Mortgage

Address: 4572 S. Hagadorn Road, Suite 3-C, East Lansing, MI, 48823

Office Phone: (517) 507-0151

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