Real estate blog entries tagged with market update by Joseph David, CMPS® (Clarion Mortgage Capital, Inc.)

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market update: Fed Cuts = lower mortgage rates, right? - 02/19/08 06:40 PM

Is a Fed rate cut really good news for mortgage rates? The facts may be surprising. The Fed can only control the Discount Rate and the Fed Funds Rate. This is very different from mortgage rates. A mortgage rate can be in effect for 30-years while a rate set by … (2 comments)

market update: Last Friday's New Record - 02/12/08 01:51 AM

The existing dynamics between the financial market, and the solutions that mortgage professionals cater to borrowers to help them navigate on this volatile environment, is one of the reasons I love my career.
Every day I look forward to see how economic reports influence the traders' investment decisions in the mortate bond and … (0 comments)

market update: It is not what you say, but how you say it! - 02/05/08 01:51 PM

The early release of the ISM Report caught traders by surprise. How problematic is that?
First, the 44.6 reading was waaay below expectations, considering that Economists were expecting a 53.0. This data indicates that the service sector is shrinking for the first time in almost five years, implying economic slow down.
Second,the … (2 comments)

market update: Another Fed Rate Cut Is On Its Way: Find Out Why - 01/15/08 03:16 PM

Dear reader,
Mortgage Bonds were in rally mode this morning after Retail Sales, showed its weakest growth in five years with an overall annual growth rate of 4.2%.The NY State Manufacturing Index , and the Producer Price Index(PPI) were reported lower than expectations. When excluding volatile energy and food prices, the Core PPI matched … (0 comments)

market update: Advice: Why You Should Get Updates From Your Loan Officer - 01/11/08 03:07 PM

The trade deficit widened to -$63.1 Billion, its highest level in 14 months. Economists were expecting a -$59.5 Billion deficit. According to CCNMoney, "The growth in exports has been a major factor cushioning the blow to the economy from the slump in housing and a severe credit crunch. However, with oil … (0 comments)

market update: Mortgage Market Update - 01/10/08 03:09 PM

Today's Initial Jobless Claims were reported at 322,000, which was below expectations of 337,000 and the lowest weekly total since November 3. The four-week moving average for claims dropped to its lowest level in a month by falling 3,000 claims to 341,000. Expectations of weaker economic performance is serving to drag … (2 comments)

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