stock market: Market UpDate W/ an Increase in Mortgage Rates
- 02/01/11 04:29 AM
Tuesday's bond market is in negative territory following early stock gains and stronger than expected results from an important economic report. The Dow is currently up 89 points while the Nasdaq has 37 points. The bond market is currently down 19/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point.The Institute of Supply Management (ISM) released their manufacturing index for January late this morning. They announced a reading of 60.8 that exceeded forecasts of 57.5 and that December's reading was revised higher by 1.5 points. This indicates that more surveyed manufacturers felt business improved … (0 comments)
stock market: Market UpDate W/Housing Starts Data
- 01/19/11 04:21 AM
Wednesday's bond market has opened in positive territory following the release of some mixed housing data and early stock losses. The Dow is currently down 3 points while the Nasdaq has lost 22 points. The bond market is currently up 4/32, but we will still likely see an increase of approximately .125 of a discount point in this morning's rates due to weakness late yesterday.December's Housing Starts was the day's only relevant economic data. It showed that starts of new home construction fell much more than expected last month. That is good news for the bond market because it hints at … (0 comments)
stock market: Market UpDate W/Bond Market in positive territory!
- 01/14/11 05:19 AM
Friday's bond market has opened in positive territory after this morning's economic data gave us mixed results. The stock markets are showing minor gains with the Dow up 12 points and the Nasdaq up 5 points. The bond market is currently up 8/32, which should improve this morning's mortgage rates by approximately .250 - .375 of a discount point over yesterday's morning rates.The first of this morning's four economic releases was December's Retail Sales data. It revealed a 0.6% increase in sales at the retail level of the economy last month. This is a moderate increase, which is not necessarily good … (0 comments)
stock market: Market UpDate W/Labor Department Stats
- 01/06/11 05:24 AM
Thursday's bond market has opened in positive territory after this morning's only economic data gave us favorable results. The stock markets are also helping to boost bond prices with losses in the Dow of 43 points and the Nasdaq 3 points. The bond market is currently up 9/32, but we will still see an increase of approximately .125 - .250 of a discount point in this morning's mortgage rates due to weakness in trading late yesterday.The Labor Department gave us this morning's only economic data with the release of last week's unemployment figures. They reported that 409,000 new claims for unemployment … (0 comments)
stock market: Market UpDate W/Higher Mortgage Rates in the Forecast
- 01/03/11 04:55 AM
Monday's bond market has opened the new year in negative territory despite slightly weaker than expected economic data. The stock markets are the cause of the bond weakness with the Dow up 124 points and the Nasdaq up 46 points. The bond market is currently down 12/32, which will likely push this morning's mortgage rates higher than Friday's pricing by approximately .125 - .250 of a discount point.The Institute for Supply Management's (ISM) manufacturing index was this morning's only important economic data. It showed a reading of 57.0 that was slightly lower than the 57.3 that was expected. This means that … (0 comments)
stock market: Market UpDate With Bond Market UP!
- 12/31/10 05:22 AM
Friday's bond market has opened in positive territory as investors look to close the year out on a positive note. The stock markets are showing minor losses of 18 points in the Dow and 11 points in the Nasdaq. The bond market is currently up 10/32, which should improve this morning's mortgage rates by approximately .125 of a discount point.There is nothing of importance this morning, making it highly likely that we will crawl into the end of the year. As expected, trading is extremely light this morning and there is no reason to think that will change before today's 2:00 … (1 comments)
stock market: Market Update W/Bond Market showing continued improvements
- 12/20/10 06:02 AM
Monday's bond market has opened in positive territory as last week's late strength extends into this morning's trading. The stock markets are doing their part but showing losses rather than gains with the Dow down 38 points and the Nasdaq down 5 points. The bond market is currently up 14/32, which with Friday's afternoon strength should improve this morning's mortgage rates by approximately .625 - .750 of a discount point.There is no relevant economic news scheduled for release today or tomorrow. This means we can look towards the stock markets for direction in bond trading and mortgage rates. If the major … (0 comments)
stock market: Market UpDate with Bond Market rebounding
- 12/17/10 04:45 AM
Friday's bond market has opened in positive territory again with a mixed morning in stocks and no surprises in today's only economic news. The Dow is currently down 28 points while the Nasdaq has gained 6 points. The bond market is currently up 7/32, but we should see a sizable improvement in this morning's mortgage pricing due partly to strength in bonds late yesterday. If comparing to yesterday's morning pricing, we should see an improvement of approximately .625 of a discount point in rates.November's Leading Economic Indicators (LEI) was today's only relevant economic data. The Conference Board announced an increase of … (0 comments)
stock market: Monday Market UpDate
- 12/06/10 05:26 AM
Monday's bond market has opened in positive territory following a flat open in stocks and a primetime TV reminder from Fed Chairman Bernanke that the economic outlook isn't so rosy. The stock markets are nearly unchanged from Friday's close with the Dow down 3 points and the Nasdaq down 1 point, but just the lack of a gain is good news for the bond market at this point. The bond market is currently up 15/32, which should improve this morning's mortgage rates by approximately .125 - .250 of a discount over Friday's morning pricing. There is no relevant economic news being … (0 comments)
stock market: Friday Market UpDate
- 12/03/10 04:57 AM
Friday's bond market has opened in positive territory following the release of weaker than expected employment numbers. The stock markets are showing losses after the release, but by a far less margin than we would expect. The Dow is currently down 23 points while the Nasdaq is showing a loss of 3 points. The bond market is currently up 8/32, which should improve this morning's mortgage rates by approximately .375 of a discount point from yesterday's morning pricing. The Labor Department said that the U.S. unemployment rate rose 0.2% last month to 9.8% when analysts were expecting no change from October's … (3 comments)
stock market: Wednesday Market UpDate
- 08/25/10 06:11 AM
Wednesday's bond market has opened in positive territory following favorable economic data and early stock losses. The stock markets initially opened well into negative territory, but have since recovered a good portion of those earlier losses. As the major stock indexes climbed from morning lows, the bond market gave back some of its early gains. Stocks are currently mixed with the Dow down 12 points and the Nasdaq up 2 points. The bond market is currently up 5/32, which should still improve this morning's mortgage rates by approximately .125 of a discount point.The Commerce Department reported this morning that new orders … (0 comments)
stock market: Lowest Level of Home Sales in 15 Years
- 08/24/10 08:24 AM
The National Association of Realtors reported existing home sales fell 27.2% in July to the lowest level in 15 years, with the supply of homes rising to 12.5 months at the current pace of sales. The weak state of the housing market is of great concern as it reflects deterioration in demand, which in turn affects prices. As one should expect, stocks are being sold and U.S. Treasuries are rallying as investors flock to a safe harbor with most of the buying on the long end; the 30 year bond. The price of the 30 year is higher by 1.75% while … (1 comments)
stock market: Market UpDate
- 08/11/10 06:54 AM
Wednesday's bond market has opened in positive territory, extending yesterday's late rally. The stock markets are posting sizable losses with the Dow down 184 points and the Nasdaq down 51 points. The bond market is currently up 10/32, which with yesterday's afternoon improvements should improve today's mortgage rates by approximately .250 - .375 of a discount point compared to yesterday's morning rates.Today's only relevant economic data was June's Trade Balance that was released early this morning. It showed that the U.S. trade deficit stood at $49.9 billion in June. This was a much larger deficit than many had expected, but this … (0 comments)
stock market: Monday Morning UpDate
- 08/09/10 10:12 AM
Monday's bond market has opened flat despite modest stock gains. The stock markets are starting the week in positive territory with the Dow up 25 points and the Nasdaq up 8 points. The bond market is nearly unchanged from Friday's close, which should keep this morning's mortgage rates close to Friday's levels.There is no relevant economic data scheduled for release today, so look for the stock markets to be the cause of any afternoon revision to mortgage rates. If the major stock indexes move upward from current levels, we could see bonds weaken and mortgage rates increase later today. But if … (0 comments)
stock market: Monday Market UpDate
- 08/02/10 09:11 AM
Monday's bond market has opened in negative territory following a very strong opening in stocks and a stronger than expected piece of economic news. The stock markets are starting the month off with a rally that has the Dow up 174 points and the Nasdaq up 39 points. The bond market is currently down 10/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point.The Institute for Supply Management (ISM) posted their manufacturing index for July late this morning. They announced a reading of 55.5 that was a drop from June's reading but higher than … (1 comments)
stock market: Wednesday Market Report
- 07/28/10 06:24 AM
Wednesday's bond market has opened relatively flat even though we saw weaker than expected results in this morning's economic news and a negative open in stocks. The stock markets are posting minor losses with the Dow down 20 points and the Nasdaq down 8 points. The bond market is currently up 2/32, which will likely improve this morning's mortgage rates by approximately .125 of a discount point.The Commerce Department gave us this morning's important economic news with the release of June's Durable Goods Orders. They announced a decline of 1.0% in new orders for big-ticket items when analysts were expecting to … (1 comments)
stock market: Wednesday Market UpDate
- 07/14/10 08:31 AM
Wednesday's bond market has opened in positive territory following the release of much weaker than expected economic data. The stock markets are mixed with the Dow is currently down 16 points and the Nasdaq up 5 points. The bond market is currently up 7/32, but due to weakness late yesterday we will likely see little change in this morning's mortgage rates.Today's big news was June's Retail Sales report that showed retail level sales fell 0.5% last month. This was weaker than the 0.2% decline that was expected and indicates that consumers spent less than thought. That is good news for the … (1 comments)
stock market: Aloha Friday - Market UpDate
- 07/09/10 06:16 AM
Friday's bond market has opened in negative ground with no data or significant stock changes to drive trading. The stock markets are flat with the Dow nearly unchanged and the Nasdaq up 4 points. The bond market is currently down 4/32, but due to strength late yesterday we should see an improvement of approximately .125 - .250 of a discount point in mortgage rates if comparing to yesterday's morning pricing.If this morning's stock and bond trading is any indication of what we will see the rest of the day, it appears the week will come to a quiet end. There was … (1 comments)
Tuesday's bond market is in negative territory following early stock gains and stronger than expected results from an important economic report. The Dow is currently up 89 points while the Nasdaq has 37 points. The bond market is currently down 19/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point.The Institute of Supply Management (ISM) released their manufacturing index for January late this morning. They announced a reading of 60.8 that exceeded forecasts of 57.5 and that December's reading was revised higher by 1.5 points. This indicates that more surveyed manufacturers felt business improved … (0 comments)
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