ARCHIVED BLOG POSTS
2010
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Happy Memorial Day to everyone, especially to our Current Armed Forces and Vets. We certainly appreciate all of your sacrifices. Big day for Economic News today. Numbers show Personal Income was Up, but Spending was Nil. So people are earning more money, but not willing to spend it. Even though ...
05/28/2010
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Stock Market is Rallying behind some comments by Fed Board Member Bullard and China's statement that they won't be selling off their Euro-zone based bonds (as speculation developed that they may pare their risks). This appears to be more of an Emotional Rally, as the GDP was revised lower to 3.0...
05/27/2010
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Stock Market is Up Today because of the Great News on the New Home Sales. This has weakened the Bond Market a little bit today, so Home Loan Rates are down a little bit from yesterday. Durable Goods had some great readings, but if you exclude the Transportation (which can offset the real numbers...
05/26/2010
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Credit Crisis is rearing its ugly head in Europe today, as the LIBOR moved upwards because of the concerns with Banks needing to be Bailed out and not repaying their loans. As a Result, the Euro has continued to decline vs. both the US Dollar and the Yen. Also, China is trying to slow their Econ...
05/25/2010
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Some Good News today, which Existing Home Sales jumped much higher than expectations; add a 4% Year over Year increase to the National Median Home Price too. The Stock Market has been a bit shaky this morning with the DJIA down for most of the morning, while the other indices have been up. Trade...
05/24/2010
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No News today, but residing more on some Technicals. The Stock Market started off a little slow, but the Bulls seemed to have come out and rake in some profit, as many of the stocks were badly beaten over the past week or two. As a result, it's pulling money out of the Bond Market and worsening ...
05/21/2010
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Today, Mortgage Rates are getting a big boost from the Initial Jobless Claims. Most Economists were projecting improvement, but the numbers worsened (coming in at 479k). The Philadelphia Fed Index came in at the estimates. The Economic Leading Indicators (considered a minor report) shows some ne...
05/20/2010
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The day we've been waiting for has come upon us with some good news. The Core Inflation came in at 0%. But the DJIA is down over 100 this morning, so the money from the Stock Market is pouring over into the Bond Market; thus improving Mortgage Rates for today. The Demand for Home Loans dropped t...
05/19/2010
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Kind of mixed news today. We have lower than expected Building Permits, but a little higher than expected Housing Starts. Also, the Producer Price Index (PPI) had decreased, but when you take out the volatile Food and Energy, it went up a little bit. Typically, the Fed will like to see the year ...
05/18/2010
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Sorry, I sent this Report out late today. Mortgage Rates were very good today, as the Bond Market started out high, but the Stock Market Rallied and took out the Money from the Bond (MBS) Market and worsend Mortgage Interest Rates.
05/17/2010
