We would like to wish everyone a great weekend! The question for today is how much longer will we have lower rates? With the jobs being created and the housing market heating up, it is just a matter of time before we have higher inflation.
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The Day Ahead: International Trade
The U.S. trade balance in December unexpectedly narrowed sharply. The shrinkage was broad based and reflected in part a reversal of the iPhone impact in November plus other factors. The trade deficit shrank to $38.5 billion from $48.6 billion in November. Market expectations were for a trade gap of $46.0 billion. Exports jumped 2.1 percent, following a 1.0 percent rebound in November. Imports declined 2.7 percent after rebounding 3.7 percent in November.
Dow is trading at 14,010+44.07 the 10 yr bond is at 1.98 from 1.98 Yesterday, . Currently mortgages are unchanged from Yesterday
Conv. - 3.5%
FHA. - 3.25%
We hope everyone has a great weekend!
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