Wonderful Weds Morning to all,

Strong morning opening fueled by the core rate of inflation being flat, and loan losses with banks. Housing starts were down but building permits were up.

The FED will  be speaking this afternoon that we need to watch.

FHA new guidelines are also due out today!

This morning's market snapshot

Have a great day!

 

 

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Paul Walton CMPS

Benicia, CA

More about me…

Cherry Creek Mortgage Co

Address: 4301 Hacienda Dr Ste 120, Pleasanton, Ca, 94510

Office Phone: (707) 745-1595

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My blog has daily updates with MBS (Mortgage Backed Securities) as this combined with current economic news is what drives interest rates. Good economic news usually is bad for bonds = higher interest rates Bad economic news is normally good for bonds= lower interest rates The bond market and stock market are both active while the markets are open. Investors are either investing in Wall St or running to the safety of bonds depending on market emotion, and current economic news. Economic news that affects both Wall St and MBS (bonds) are jobs reports, manufacturing data, GDP (Gross Domestic Product), housing starts, corporate earnings/ outlook, and inflation to name a few. The higher bonds are = the lower interest rates are. Interest Rates are not included in morning updates due to the factors that affect interest rates, credit scores, location, type of property, loan to value, loan amount, ect. My blog also features changes coming to the Real Estate Market, lending guideline changes, and tips to help address current Real Estate issues. Videos are either hosted via You Tube or at Mortgage Coach’s Utipu account. Let’s make a difference in our world! I hope you enjoy!


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