conventional mortgage: 06-06-2011 Mortgage Market Snapshot
- 06/06/11 07:27 AM
globalhomefinance.com by Sigma Research: Treasuries and mortgages opened weaker this morning, the stock market trade in pre-market opening also looking weak. If the stock market (DJIA) ends this week lower it will be the first time since 2002 the key index closes lower for 7 consecutive weeks. There are no economic reports today and through the week there isn't much data to look at. The week has treasury auctioning $66B of notes and bonds. OPEC will meet Wednesday with the Saudis pushing for more production, crude oil this morning trading lower on the OPEC outlook. Bernanke is scheduled to speak … (2 comments)
conventional mortgage: 06-06-2011 Mortgage News
- 06/06/11 06:45 AM
globalhomefinance.com Jun. 6, 2011: Wells Fargo & MI underwriter licensing; mortgage jobs from coast to coast; NAFCU on QRM; are there loans left to refi?Rob Chrisman
Studies find it takes 2,000 times more energy to produce and ship bottled water than tap water and it costs 10,000 times more per gallon. It also takes 17 million barrels of oil to produce the plastic used to create all of the water bottles – about the same amount used to fuel 1 million cars for a full year. Finally, the suggested 8 glasses of water per day costs $1,400 per year for … (0 comments)
Not necessarily surprising that interest rate markets are seeing a little push back this morning after the strong rallies yesterday in treasuries and mortgages. That rates are slightly higher this morning have little to do with the larger picture, the US economy is slipping back and likely will weaken through the rest of the year. If not weaken, the best we can see is stagnant economic growth. At 8:30 weekly jobless claims were down 6K to 428K, another less than expected report; claims were expected at 413K. Continuing claims at 3.71 mil frm 3.712 mil. Claims remain … (0 comments)
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