Rate Guard Mortgage Market Update Dec 6th
Economic news: Continuing Jobless Claims fall, Initial Jobless Claims rise.
Be cautious as the markets are extremely choppy.
Have a great day!
CMG Home Loans - Toms River, NJ
The jobs reports this week certainly are the "biggies" I think the market is bouncing around this morning and likley for the rest of the day in anticipation of tomorrow's numbers.
Jan 06, 2011 03:27 AM
Pacific Union International - Sonoma, CA
Realtor - Sonoma Wine Country
It will be interesting to see how ADP's report compared to the DOL report tomorrow. We sure are on a roller coaster still! Even more interesting and hopefully illuminating will the the economic analysis of this set of statistics.
Jan 06, 2011 04:50 AM
Recent Posts
ActiveRain Community
about 13 years ago
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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