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Daily Market Report 7/29/10

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Mortgage and Lending with Evolve Bank & Trust NMLS #275652

Initial Jobless Claims came in lower than last week, but they are still high. Fed Beige Book didn't really paint a rosy picture of the economy, with some regions worsening. The 5 Year Auction went well. Based on the Jobless Claims, they're not really expecting a great turn out for the 7 Year Auction today. The Stock Market is down and the Bond Market is Up. As a result, we're seeing an improvement with the Mortgage Rates today. Tomorrow will bring some big news with the GDP, Chicago PMI, Consumer Sentiment and Employment Cost Index being reported.

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Summit Realty Group
Summit Realty Group- The Future of Real Estate Today! - Highlands Ranch, CO

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Hey thanks a lot for the tips. I will pass this along to some of my clients.

Please go to www.summitrealtygrp.com

Jul 29, 2010 06:31 AM
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