Real estate blog entries tagged with interest rates by Mike Bjork (Evolve Bank & Trust)

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interest rates: Daily Market Report 10/6/10 - 10/06/10 06:08 AM

Some surprising and not-so-good economic news today, so the Stock Market is trading a bit Mixed this morning on some light trading. The ADP came in at -39,000 jobs, while the estimate was at +20,000. Another piece that will add to it lies with the Challenger Jobs, which remained Up. This is Planned Job Losses. And you wonder why the Consumer Sentiment is riding low. Nobody is feeling too comfortable with Job Security these days. Mortgage Applications are down, so many people are not taking advantage of these great interest rates. On a more global aspect, Timothy Geithner was again urging … (0 comments)

interest rates: Daily Market Report 10/5/10 - 10/05/10 05:09 AM

Surprisingly, good economic news today starting with the ISM Services Index, which showed some improvement, coupled with the Fed Bank of Japan lowering their interest rate and pledging to stimulate their economy by purchasing about $419 billion worth of their bonds. Didn't think that you could cut rates from .1%, unless you start paying people to take your money. Can I get in line? ;) Also, some good news in the UK, where the PMI showed some improvement (helping to ease some double-dip concerns). Meanwhile, the Credit Agencies have warned Ireland about their current position. On the other side, the Bond … (0 comments)

interest rates: Daily Market Report 9/21/10 - 09/21/10 06:39 AM

The economic news release for today is the Housing Starts, which is reflecting a surprising Uptick. But the Traders are shrugging this off because if you take out the Condo/Multi-family starts, then the single family was up only about 4%. The Stock Market is Trading rather low this morning because they're waiting for the Fed's Policy Announcement at 11:15am PST. This will definitely move the Markets. Also to note, Ireland, Spain and Greece had successful Auctions. This is important because of the Investor Confidence in purchasing their debt and the concerns of a Bailout have calmed for … (0 comments)

interest rates: Daily Market Report 9/21/10 - 09/21/10 06:37 AM

interest rates: Daily Market Report 8/30/10 - 08/30/10 07:55 AM

The Market is all about the Job Numbers this week. Similar to Friday, when the Stock Market should have dropped based on the numbers, but rose because the Traders were cashing in on profits (went against the Technicals); today, they're going against the Technicals again. This time, the numbers reflect positive results (Personal Income and Spending were both up for July), but the Stock Market is Down and the Bond Market is Up. This happens occasionally. This week, we have news every day, from the Chicago PMI (manufacturing) to the Case-Shiller (homes) and then the Jobs. So, expect a lot of … (0 comments)

interest rates: Daily Market Report 8/18/10 - 08/18/10 05:29 AM

Light Trading today, as there are no releases scheduled for today. The headline for the stock market today is Target didn't reach the earnings that Trader's had expected. On the lighter-side for bonds, Germany held an auction for their 10 Treasury Bonds that went for about 30 basis points lower than our current yields, so there is a lot of appetite out their for Bonds. Right now, we're still testing the floor and could potentially drop a lot further, which would in turn, make Mortgage Rates rise. The Fed's purchase of the Treasuries is making it a little difficult to read … (1 comments)

interest rates: Daily Market Report 8/17/10 - 08/17/10 05:38 AM

Good News for the Stock Market with Housing Starts and Industrial Production moving up. The PPI was up a bit today. Of course, this doesn't bode well with the Bond Market, so Mortgage Rates went up. They are testing the floor, so if it breaks below, then it could drop a lot further with higher interest rates. Stay tuned!!! … (2 comments)

interest rates: Daily Market Report 8/11/10 - 08/11/10 05:23 AM

The Stock Market is Way Down today (DOW touching -200+) on the release of the Trade Balance Deficit. Many Economists now think that the Q2 GDP will be revised much lower than previous report. The Federal Budget Balance will be reported later today. Something that I forgot to touch on in the video is Asia is showing more signs of slowing down too. The Bond Market is experiencing an Bond Rollover today. Based on those results, then Interest Rates have improved significantly from yesterday. … (0 comments)

interest rates: Daily Market Report 8/10/10 - 08/10/10 05:59 AM

Mostly Not-So-Good News for the Stock Market this morning. Productivity was down and so is the Wholesale Inventories. The Low Productivity numbers may translate into more Job Losses, especially something we don't need right now. Typically, this bad news will be good for the Bond Market, but it appears to be showing a bit of a Correction this morning. If you follow the Candlesticks, then you will see it won't stray too far off the Moving Averages for long. So for this mornings report, Mortgage Rates went up a little bit. It may change once the Fed … (0 comments)

interest rates: Daily Market Report 8/2/10 - 08/02/10 06:03 AM

Stock Market is rejoicing with optimism that the ISM is still reflecting some growth (even though it's down from the prior month); and the Construction Spending was Up for June (even though May's numbers were revised even lower). Interesting....makes you wonder if it will stick. Some of the European Banks (HSBC and PNB Paribas) reflected better than expected earnings. Not only the financial institutions, but some of the other industries were reflecting better economic numbers, so this could be better news for optimism. The Bond Market started a bit lower today and went even lower before pulling back around mid-morning (PST) … (0 comments)

interest rates: Daily Market Report 7/26/10 - 07/26/10 05:22 AM

Stock Market is up today based on better than expect New Home Sales (numbers are still low, but better than previous and higher than estimates) and Fed Ex's revised earnings estimates, as it sees its international shipping picking up. Bond Market is down as a result, so Interest Rates are Up a bit this morning. … (2 comments)

interest rates: Daily Market Report 7/21/10 - 07/21/10 05:18 AM

No Releases today, which is resulting a thin trading day on the Stock Market. We're seeing a bit of a seesaw action this morning. So far, some of the earnings reports are coming in favorable. Mr. Bernanke will be standing before Congress today and tomorrow. One of the questions to expect is our plan for any possibility of a double-dip recession. If pressed, then you may hear him mention that the Fed will begin buying MBS (more mortgage backed securities), which will bode well for interest rates again. So far this morning, the Bond Market is up … (0 comments)

interest rates: Daily Market Report 7/14/10 - 07/14/10 05:33 AM

The Stock Market is getting a bit of a boost from some of the earnings (Intel leading the way). All the while, Retail Sales show that people aren't out buying yet. The Bond Market started the morning very well, but has since pulled back a bit. So, Mortgage Rates are about the same as yesterday afternoon's pricing. Another piece of news are the drop in (Purchase) Mortgage Applications, which hit a 14 year low. Typically, the summer time is the buying season for home buyers. The 10 Year Auction went ok yesterday, but with the decent earnings … (0 comments)

interest rates: Daily Market Report 7/8/10 - 07/08/10 05:38 AM

The Initial Jobless Claims are still high (the range seems to between 450k -475k). It was lower than last week's reading, however. This news, among some better than expected profits with some Retailers, provided the Stock Market with some early Gains, but since has pulled back and is a bit Mixed. The Bond Market had declined a bit more yesterday, calling for some intra-day re-pricing for the worse; and this morning is starting a bit lower too. So, Home Loan Rates will be a little lower today. If you check out the video, then you'll see it was correcting itself a … (2 comments)

interest rates: Daily Market Report 7/7/10 - 07/07/10 05:25 AM

No releases today, so it's all about the Technicals (or what the Stock Market will do). Currently, the Stock Market is Up today. Bond Market seems to be in a sideways pattern today. We had a nice rally yesterday, which we saw Mortgage Rates improve. Today, Interest Rates will remain the same. It's possible to see it come down a bit today because of any potential rally in the Stock Market. Tomorrow will be the Initial Jobless Claims. On a side note, I'm always looking for ways to dress this up a bit. One idea is to include a webcam of … (2 comments)

interest rates: Daily Market Report 7/6/10 - 07/06/10 06:00 AM

Light Trading this week, but the week's biggest news was released today. The ISM Services came in below expectations (still showing some expansion). Besides this news, the Stock Market is up today because it's feeling a bit optimistic (based on some global news -India raising their rates, Australia holding their rates). Meanwhile, the US Dollar is still weakening (around $1.26 to the Euro, when it was about $1.22 a few weeks ago). The Bond Market is also Up, which means that Mortgage Rates are still very low. As I'm writing this, I'm being flashed the Bond Market … (0 comments)

interest rates: Daily Market Report 7/2/10 - 07/02/10 07:19 AM

Sorry in advance for the background noise, as I found a wifi hot spot here at the Palazzo Hotel in Las Vegas. Today had some big news, so I wanted to be sure to keep you updated. The Jobs data was again horrible!!!!!! Unemployment Rate showed a drop, but that appears to be a reflection of people giving up. This is supported by the drop in the Labor participation numbers. As a result, the Stock Market is Down, but the Bond Market did start Up, but since has dropped to comparable levels as of yesterday. Typically, the Bond Market will rally … (0 comments)

interest rates: Daily Market Report 6/30/10 - 06/30/10 05:34 AM

Light Trading today. The Market is gearing up for Thursday and Friday's Job Numbers. The ADP employment numbers were ugly and the Chicago PMI dropped slightly (even though there is still some expansion). You may find the Trading over these next few days to be emotional as there is big concern about the economy going into a double-dip recession because of China's slowdown and Europe's struggle, then there's questions about how the US is expected to grow; which growth will be needed to provide more jobs. Mortgage Rates are down a little bit today (from yesterday), which this may be a … (0 comments)

interest rates: Daily Market Report 6/29/10 - 06/29/10 06:26 AM

Stock Market is down so far this morning, with the DOW down over 200 (below the 10k Mark). The Bond Market closed upward yesterday, which improved interest rates by approximately .25%. Today, it started up slightly, but is down a bit. Most of the news suggest it to remain up, but we did leave a bit of a Gap in the Candlesticks, so it's possible it may come down a little bit today or later this week. The Trend is still going Upward, so Mortgage Rates will still see some improvements. Why is this? Today's release of the Consumer Confidence was … (0 comments)

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