Home > Blogs > Cari Anderson > East Bay Mortgage News

Cari Anderson's East Bay Mortgage Update for September 28th 2010

By Cari Anderson

Mortgage and Lending

September 28, 2010 08:01 AM

Economic News: A fairly big dose of economic data will be released this week. Today brought us the Case-Shiller Home Price Index & Consumer Confidence readings. The HPI data was a bit of a mixed bag with the non-seasonally adjusted data showing gains in both the month to month as well as year over year measurements. When seasonally adjusted the data is basically showing a flat line. Consumer Confidence came in under consensus and was at the lowest point since the beginning of the year.

Mortgage Markets: The yield on the 10 Year Note is gaining ground today and the yield has fallen to 2.464%. Mortgage Backed Securities are also rallying and interest rates are seeing improvement over yesterday's closing levels.

This Week's Reports: Tuesday: Case-Shiller Home Price Index & Consumer Confidence. Thursday: Gross Domestic Product & Jobless Claims. Friday: Personal Income and Outlays, Consumer Sentiment, ISM Manufacturing Index & Construction Spending.

Current Mortgage Rates

Stay tuned for the Next East Bay Mortgage Update...

Re-Blog

Comments(3)

Comment

Show All Comments Sort:

Richard Shuman

The Only B.S. I Have is from the University of Massachusetts - Lake Mary, FL

Real Estate Broker - Orlando Area - Love Referrals

Cari - it's amazing with rates so low that people are still not buying homes.

Sep 28, 2010 08:04 AM

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL

708.921.6331 - 40+ yrs experience

Cari: Wish there was a way that we could address the lethargy of the public and get the market going .. with rates at this level, so many could be helped. Just getting them to pick up the phone is almost impossible. Are you finding that to be true out near you too? Hopefully the reports you right so well about turn around soon ...

Gene

Sep 28, 2010 09:35 AM

Cari Anderson

Danville, CA

Richard: to paraphrase one of my favorite bloggers: "if you're anxious about losing your job (or out of work) you're not going to go out and buy a home." Many others, I think are just not well-informed or think that they would not qualify. It's our job to make them informed. (ps: love your logo!)

Gene: see above ;-) Yes, I find this to be true here as well. I think it helps to just pick up the phone and call past clients and your SOI and let them know where rates are to see if they could benefit.

Sep 28, 2010 09:56 AM

Cari Anderson's East Bay Mortgage Update for September 28th 2010

Comments(3)

Cari Anderson

Real Estate Resources

Recent Posts

Additional Information