Bay Area Mortgage & Market Update for May 24th

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

Remember Those Who Made The Ultimate Sacrifice For Our Great Nation


Memorial Day 2013Economic News...For housing was oozing with positive data! Despite the constrained inventory of available homes both the Existing Home Sales and New Home Sales reports showed strong results. Durable Goods Orders beat estimates and Weekly Jobless Claims bounced back from last week’s disappointing report.

Mortgage Markets...Mortgage rates continue to march higher during May. Mortgage Backed Securities are currently underperforming the Treasury market. The 10 Year Note is currently trading at 2.013% which is up from last week’s closing yield of 1.956%.

Next Week’s Market Moving Reports...Tuesday: Case-Shiller Home Price Index, Consumer Confidence Thursday: Jobless Claims, Gross Domestic Product Friday: Consumer Sentiment, Personal Income & Outlays

While I do not originate mortgages, I make it a habit to keep abreast of market & home loan 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

 800.900.2634 Toll Free...925.974.1171 Direct...925.570.0611 Mobile


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California Bureau of Real Estate Broker Licenses 01165309 and 01190879 

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.


Equal Housing Opportunity

© J. Douglas Anderson 2010-2013 All Rights Reserved

Comments (4)

Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Doug, good morning and happy Memorial Day weekend!  I love the picture.  This is an important day of recognition of those who have served our country so well.

May 24, 2013 10:55 PM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Doug - Another excellent Bay area mortgage and market update.  I hope you have a safe Memorial Day weekend as we remember those that have served!

May 25, 2013 05:12 AM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy Doug, mighty fine report for folks to visit.


Jun 07, 2013 10:49 PM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Thanks for stopping in Dale...

Jun 11, 2013 11:45 AM