Bay Area Mortgage & Market Update for January 18th

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

Mortgage and Market Update

Bay Area Mortgage & Market Update - Doug Anderson Executive BrokersEconomic News...was heavy this week and, despite a few bumps, was strong enough for the equity markets to continue their winning ways. News on the inflation front was tame as both the Producer Price Index and Consumer Price Index pulled back. Retail Sales for December rebounded from weaker November levels and were up .50% versus the expected .20%. Industrial Production came in above estimates and provided a positive view on the manufacturing sector which had been a concern recently.  Housing Starts for December grew sharply with the Multi-Family group leading the way. Single Family Home Starts were not far behind. The Housing Market Index cooled a bit after a long run of gains with the West posted the best results. Finally, Consumer Sentiment continued to soften in the first two weeks of the New Year.

Mortgage Markets...The debt markets rallied a bit early in the week but ran into headwinds on Thursday. After continued losses overnight things seem to be stabilizing as we head into the long weekend. The 10 Year Note is currently trading at 1.852% versus last week’s closing yield of 1.877%.

Next Week’s Market Moving Reports... Tuesday: Existing Home Sales Thursday: Jobless Claims Friday: New Home Sales

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 (3)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Doug - Thank you for sharing detailed information about Bay area mortgage & market update for January 18th.

Jan 18, 2013 09:02 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Doug - Your Bay area Mortgage and Market update is always loaded with great information for buyers, sellers, and anyone following the market!

Jan 21, 2013 04:31 PM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Thank you both! Enjoy the Weekend!

Jan 25, 2013 03:45 AM