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deflation: Nicole's Week in Review - 07/13/09 05:16 PM
Mortgage Rates Last week started off looking pretty uneventful with a slim economic calendar, but got busier mid-week when some pretty big market moving news was announced. This news caused an improvement in rates early in the week, and a worsening later in the week. So what caused all the volatility last week? Well, the week started off with some pretty sluggish reports in the Stock market, which improved the Bond market and mortgage rates. Adding to the mortgage rate improvement was Wednesday’s successful Treasury note auction. However, Thursday’s Treasury note auction did not go as well, causing downward pressure
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deflation: Nicole's Week in Review - 06/29/09 11:02 AM
Last week was a relatively calmer week in terms of volatility in mortgage rates. This came as a surprise as we expected to see some pretty big swings on Thursday following the Fed's latest Federal Open Market Committee (FOMC) meeting. Minutes released from the FOMC meeting indicate the Fed decided on no change to the Fed Funds rate, or to the Bond purchase program (which helps keep mortgage rates low). One change from the prior meeting's statement was the Fed no longer sees deflation as a risk, which could signal inflation down the road. Remember, inflation is the arch-enemy of
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deflation: Nicole's Weekly Wrap-Up! - 02/09/09 09:56 PM
Employment The labor department reported 598,000 jobs were lost in January. This is worse than the expected 540,000 job loss projection and puts current unemployment at 7.6%. Overall, 3.6 million jobs have been lost since December 2007, with half of them lost in the last 3 months. Ouch. Personal Consumption The PCE (Personal Consumption Index) reported its smallest gain in 5 years. This puts inflationary concerns in the backseat (for now) as the concern of deflation continues to loom. Dropping prices sounds pretty great, except they exasperate our slower economy as people delay spending in hopes of buying when prices
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Nicole Lahti, Austin Texas Mortgage
Austin,
TX
More about me
United Lending
Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759
Office Phone: (512) 592-5468
Cell Phone: (512) 507-8312
Email Me
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