Mortgage Market Snapshot 12.10.15

By
Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

You gotta love the Holidays!

They seem to make us do irrational things... JUST BECAUSE lol

In keeping up with that theme the market is behaving as such. Initial unemployment claims are getting close to the 300k mark actual numbers reported are up 12k over expectations and the continuing claims rose nearly 100k yet our rates do not improve they are actually a few tics below yesterdays awful close so... Happy Holidays!

just kidding but in all seriousness I HAVE to believe the markets are going to recover and move in the improvement direction but I think the "hopes" or expectation of a possible Fed overnight funds rate hike has kept those gains at bay.

here is today's data and hope you all had a fantastic 2015 and enjoy your Holidays!!

U.S. Import Prices declined in November led by a stronger dollar and plunging oil prices. The Import Price Index for November exhibited a 0.40% loss (consensus -0.80%) and October was revised up from -0.50% to -0.30%. The turmoil in oil prices was the primary culprit contributing to the deflationary pressure, down 2.50% last month. Import Prices are down 9.40% YoY vs. a 10.70% decline in October. Initial Jobless Claims rose the highest level in five months, at 282K (consensus 270K) vs. 269K prior. This is the 40th consecutive week of claims below 300K. Continuing Claims rose to 2243K vs. 2161K prior. Treasuries remain at yesterday’s close levels following the data release and the curve has flattened

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araward

Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
720-524-8020
NMLS#392126
Equal Housing Lender

*photos used may come from my personal pictures or www.freedigitalphotos.net

 

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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - Thanks for the update. Isn't it interesting that economic theory is based on the concept of rational behavior by independent actors using freely flowing information? Mwahahahaha!!

Dec 10, 2015 06:07 AM #1
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

David

Looking forward to your mortgage market snapshots.

Good luck and success.

Lou Ludwig

Dec 27, 2015 11:32 AM #2
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