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Finance Market Update - Week of February 4, 2008
Brentwood TN Real Estate
Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading was volatile with most of the positive improvements coming early in the week. The anticipated Fed rate cut and mixed economic data sent bonds up and down the latter portion of the week. Unemployment was stronger than expected @ 4.9%, however payrolls fell 17,000. Stocks continued to bounce back posting additional gains following the Fed 50 basis point rate cut. Unfortunately this caused the demand for mortgage bonds to languish. The good news is that despite the weaker demand the latter portion of the week, for the week, interest rates on government and conventional loans fell by about 3/8 of a discount point. This is good news for Brentwood TN Real Estate buyers.
The productivity data Wednesday will be the most important event this week. Factory orders and the Treasury auctions also have the real potential to cause mortgage interest rate volatility.
Economic Factors
Economic Indicator Release Date Time Consensus Estimate Analysis
Factory Orders Monday, Feb. 4, 2008 Up 2.0%  Important. A measure of manufacturing sector strength. Weakness may lead to lower rates. 
Preliminary Q4 Productivity Wednesday, Feb. 6, 2008 Up 1.0%  Important. A measure of output per ... more

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