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Brentwood TN Real Estate - Finance Market Update May 5th, 2008
 
 
Finance market update provided by Brentwood TN Real Estate for buyers and sellers in the Brentwood TN area.
Mortgage bond prices rose last week pushing mortgage interest rates lower, this is great news for Brentwood TN real estate buyers. The Fed took center stage with another rate cut exactly as expected and indicated "the committee expects inflation to moderate in the coming quarter." This statement helped bonds rally considerably. The majority of data released came in as expected with the exception of the employment report that was released Friday. Non-farm payrolls fell 20,000 in April, less than the expected decrease of 75,000. For the week, interest rates on government and conventional loans fell by about 3/8 of a discount point.
 
The preliminary productivity data Wednesday will be the most important event this week. Look for the Treasury auctions to provide an indication of foreign demand for US debt. Trade data Friday has the potential to result in market volatility so be cautious floating into the data releases.
 
Economic Factors
 
Economic Indicator  Release Date Time  Consensus  Estimate Analysis
Preliminary Q1 Productivity Wednesday, May 7, 2008 Up 1.2% Important. A measure of output per hour. Improvement may lead to lower mortgage rates. 
 
10-year Treasury Note Auction Wednesday, ... more

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