economic report: What's all this?
- 02/15/08 08:29 AM
I usually don't do weekly reports, however as I was getting organized after a busy week, I've noticed some things that I'll like to share. On February 13, the highlight was last month's Retail Sales report with an unexpected +0.3% The surprise was due to the fact that traders were almost counting on a -0.3%. Excluding the automobile sales, we get 0.3% that also turned out to be better than the expected 0.2%. It just makes sense that February could have been a slow month, because as we go through changes in the economy we become more cautious about spending and some times before making additional purchase decisions we … (0 comments)
economic report: Last Friday's New Record
- 02/11/08 05:51 PM
The existing dynamics between the financial market, and the solutions that mortgage professionals cater to borrowers to help them navigate on this volatile environment, is one of the reasons I love my career. Every day I look forward to see how economic reports influence the traders' investment decisions in the mortate bond and stock market... Last Friday's Initial Jobless Claims were reported at 356,000, that was above expectations of 340,000. It is important to notice that in the review of the previous week claims increased from 375,000 to 378,000. The most significant average movement was on the last four weeks where Initial Claims increased … (0 comments)
economic report: Housing – Deal or No Deal?
- 01/28/08 05:37 AM
The new home sales for December 2007 were reported below expectations. The supply of new unsold homes rose to 9.6 months from November's reading of 9.3 months.
What 2008 will be like if you're looking for a real estate deal? Last year home prices dropped between 5 - 10%, but there was no "bubble". This new year will be another down year for housing with similar declines in prices - but will also mark a bottoming out. The thing of it is...you can't see a bottom until you are already past it, much like how we always see refinance activity pick … (1 comments)
I usually don't do weekly reports, however as I was getting organized after a busy week, I've noticed some things that I'll like to share.;)
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