East Bay Mortgage & Market Update for January 27th 2012

Real Estate Agent with Tucker Associates Real Estate Services Broker, CalBRE 01165309

East Bay
Mortgage and Market Update for January 27th

East Bay Mortgage & Market ReviewEconomic News...for the week was mixed with a bias toward the positive. Pending Homes Sales, while softer in December, are up 5.6% versus a year ago. New Home Sales fell to an annualized pacet of 307,000 versus 320,000 and inventory increased slightly. GDP increased 2.8% in the fourth quarter and for all of 2011 was up 1.7% which is not stellar but at least moving in the right direction. The report on Durable Goods Orders provided upbeat news on the manufacturing sector handily beating estimates and the results for November were revised higher as well. Weekly Jobless Claims moved up a touch but the four week moving average continued to move lower. Lastly, the Federal Open Market Committee indicated that the current low interest rate environment will continue into the latter part of 2014. This is a change from the prior sentiment of mid 2013.

Mortgage Markets: Treasuries and Mortgage Backed Securities have improved slightly for the week. The 10 Year Note is trading around 1.907% which is down from last Friday’s closing yield of 2.03%.

Next Week’s Reports: Monday: Personal Income & Outlays Tuesday: S&P Case-Shiller Home Price Index, Consumer Confidence Wednesday: ADP Employment Report, ISM Manufacturing Index Thursday: Jobless Claims Friday: Employment Situation, Factory Orders, ISM Non-Manufacturing Index

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 advisers for your review if you are in need of a referral.
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Thinking of Buying, Selling or would just like to discuss what's going on in your neighborhood?


Doug Anderson

Doug Anderson An Independent Real Estate Broker - Executive Brokers, sm

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Any statistics were compiled from Public Records and other industry sources and are deemed reliable but not guaranteed. Any square footage quoted is approximate and requires buyer verification. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, family status or national origin.


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Comments (6)

DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Hi Doug,

Any good news, no matter how small, is still good news in my mind!  Thanks for the update!

Jan 29, 2012 09:26 AM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

I am in full agreement DeeDee...

Jan 29, 2012 10:50 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Slow and steady upward trends are all I ask for.  No bubbles, no sharp drops. 

Fabulous East Bay Mortgage Market report!  I look forward to it every week!

Jan 29, 2012 02:00 PM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Slow and steady makes my day too Renee...Hope you had a great weekend.

Jan 29, 2012 03:46 PM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Doug - Another great mortgage update for the area.  Once again you've show buyers and sellers why you are a true professional. 

Jan 29, 2012 04:37 PM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Thank you Laura...I feel the same way about your insights into the Lake Tahoe region.

Jan 29, 2012 05:31 PM