East Bay Mortgage Update for March 12th
Cari & I work in conjunction to post the market updates three times a week on Monday, Wednesday & Friday....Have a great day! ~Doug
End of Week Update
Economic News: The International Trade numbers came in below estimates showing that recent growth trends may be moderating a bit. Thursday's Jobless Claims were reported at the top range of expectations and show that the employment picture is still distressing. Friday's Retail Sales figures came in well above estimates revealing the consumer may be a tad more confident and opening the wallet a little more during the February reporting period. Lastly, the Consumer Sentiment index fell back a bit during the first part of March.
Mortgage Markets: The 10 year note has recovered a bit today. The Mortgage Backed Security Market is stable but trending a little worse. If you are refinancing or closing on a new home in the next 15 days now is a good time to lock in your rate.
Upcoming Next Week: Monday: Industrial Production, Housing Market Index. Tuesday: Housing Starts, FOMC Meeting Announcement. Wednesday: Producer Price Index. Thursday: Consumer Price Index, Jobless Claims.
That's it for this week...have a great weekend!
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