short sales: Westalke Rate Advisory
- 12/07/07 05:41 AM
Friday's bond market has opened well in negative territory following stronger than expected employment figures. The stock markets are showing modest losses with the Dow down 2 points and the Nasdaq down 8 points. The bond market is currently down 24/32, which will likely push this morning's mortgage rates higher by approximately .375 of a discount point over yest erday's morning rates.The Labor Department posted November's Employment data this morning, showing that the unemployment rate remained at 4.7% last month and that 94,000 new jobs were added to the economy. Analysts were expecting to see 70,000 jobs and a 0.1% up … (1 comments)
short sales: Calabasas Daily Rate Advisory - Home Loans
- 12/07/07 05:39 AM
Thursday's bond market has opened in negative territory yet again as the stock markets show early gains and investors await tomorrow's employment figures. Stocks are in positive territory with the Dow up 35 points and the Nasdaq up 14 points. The bond market is currently down 9/32, which will likely push this morning's mortgage rates higher by approximately .125 of a discount point.There is no important news scheduled for release today. The Labor Department did post weekly unemployment claims, saying that 338,000 new claims were filed last week. Analysts were expecting to see 335,000 new claims. This was not enough of … (0 comments)
short sales: Calabasas Daily Rate Advisory - Home Loans
- 11/30/07 07:25 AM
Friday's bond market has opened well into negative territory, continuing its recent roller coaster ride. The stock markets are showing gains with the Dow up 125 points and the Nasdaq up 15 points. The bond market is currently down 16/32, but we will likely still see a slight improvement in rates this morning as a result of strength late yesterday.Today's only relevant data was October's Personal Income and Outlays that showed weaker then expected readings. It revealed that personal income and spending both rose 0.2% last month when income was expected to rise 0.4% and spending 0.3%. This indicates that consumers … (0 comments)
short sales: Westalke Rate Advisory
- 11/30/07 07:23 AM
Thursday's bond market has opened strong after yesterday's sell off pushed the benchmark yield back above 4.00%. The stock markets are in positive territory with the Dow up 55 points and the Nasdaq up 10 points. The bond market is currently up 23/32, which due to yesterday's weakness will likely improve this morning's mortgage rates by only approximately .125 o f a discount point.Today's biggest news was the first revision to the 3rd Quarter Gross Domestic Product (GDP) reading. It showed that the economy grew at an annual pace of 4.9% last quarter. This was a sizable upward revision from the … (0 comments)
short sales: Calabasas Daily Rate Advisory - Home Loans
- 11/02/07 10:10 AM
Friday's bond market has opened in positive territory despite the release of stronger than expected economic news. The stock markets are currently showing sizable losses with the Dow down 95 points and the Nasdaq down 9 points. The bond market is benefiting from the stock weakness again, currently up 10/32. This should improve this morning's mortgage rates by approximately .250 of a discount point.The Labor Department gave us today's key data with the release of October's Employment report. It showed that 166,000 new jobs were added, which exceeded forecasts of 80,000 by a wide margin. However, offsetting that news was a … (0 comments)
short sales: Westalke Rate Advisory
- 11/02/07 10:08 AM
Thursday's bond market has opened strong following significant stock losses and weaker than expected economic news. The stock markets are down sharply with the Dow losing 225 points and the Nasdaq down 42 points. Bonds are reaping the benefits as investors shift funds into safety, driving the bond market up 29/32. However, due to weakness in bonds late yest erday, this morning's mortgage rates may not show much improvement. But, if bonds can hold onto these gains, we should see downward revisions to rates later today.Today's first report was September's Personal Income and Outlays that showed a 0.4% rise in income … (0 comments)
Thursday's bond market has opened fairly flat despite weaker than expected economic news. The stock markets are mixed with the Dow currently up 13 points and the Nasdaq down 5 points. The bond market is currently down 3/32, but we will still likely see a slight improvement in this morning's mortgage rates as a result of strength late yesterday.The Comme rce Department gave us today's big news with the release of September's Durable Goods Orders. Today's release revealed a drop in new orders for big-ticket items of 1.7% when it was expected to show a rise of 1.5%. This is good … (0 comments)
short sales: Westalke Rate Advisory
- 10/05/07 10:38 AM
Thursday's bond market has opened slightly in positive territory again following the release of weaker than expected manufacturing data. The stock markets are nearly flat with the Dow up 4 points and the Nasdaq up 3 points. The bond market is currently up 5/32, but we will likely still see a slight increase in this morning's mortgage rates due to weakness in bonds late yesterday.The Commerce Department said late this morning that new orders at U.S. factories fell 3.3% last month. This was a larger drop than was expected and indicates that the manufacturing sector is weaker than many had thought. … (0 comments)
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