East Bay Mortgage Market Update for February 8th 2011
Economic News: There is not a tremendous amount of economic news on the calendar this week. We do have government debt auctions today that, coupled with the continued strength of the DOW, S&P (at its highest level since summer 2008) and NASDAQ, will more than likely keep interest rates from falling over the next couple of days. The unrest in Egypt is the current wildcard for the markets.
Mortgage Markets: The 10 Year Note is currently trading at 3.654% and Mortgage Backed Securities are under some downward pressure.
This Week's Reports: Thursday: Jobless Claims & Treasury Budget Friday: International Trade & Consumer Sentiment
While I do not originate loans I make it a habit to keep abreast of mortgage & market conditions. If you are thinking of purchasing a home the first step is to meet with a mortgage professional. I will gladly provide several top notch Bay Area advisors for your review if you are in need of a referral.
Stay tuned for the Next East Bay Mortgage Update
Comments(0)