Special offer

Market Update

By
Real Estate Agent with Rich Sellers Lake Arrowhead, CA (Coldwell Banker)

Market Outlook

 

Tuesday, January 20, 2009                     

 

Price Trend: Negative

Price Volatility:  High

Recommendation:  Cautiously Floating   

_________________________________________________________________

 

Current Conditions:                Today's Economic Data (all times PDT)

 

FNMA 4.5          101-14  (-3)                   None                

GNMA 4.5          101-20  (-2)                  

10yr Yield          2.450%                        

                                                           

_________________________________________________________________

Commentary:

 

There is no economic news on the calendar today.  Treasuries are off to a troubled start with the 10yr note down over a point.  Mortgages, however, have held up rather well and are off just slightly.  Stocks are also down as the financial sector is dragging down most averages.

 

The day may see light volumes as many people will be watching the inauguration.  The ceremony is set to take place around 12:00 Eastern time.  The rest of the week has very little data set for release.

 

 

This Week's Calendar:

Date

ET

Release

For

Actual

Briefing.com

Consensus

Prior

Revised From

Jan 22

08:30 a.m.

Building Permits

Dec

 

610K

615K

616K

 

Jan 22

08:30 a.m.

Housing Starts

Dec

 

605K

610K

625K

 

Jan 22

08:30 a.m.

Initial Claims

01/17

 

540K

548K

524K

 

Jan 22

11:00 a.m.

Crude Inventories

1/16

 

NA

NA

1.14M

 

Posted by
Richard Sellers



E-mail
elitesellers@gmail.com
Website
www.arrowheadlifestyles.com
Office Phone
(909) 336-2131
Cell Phone
(909) 553-1897
Fax
(909) 336-2500
Address
27206 Hwy 189, Blue Jay, CA, 92317
Description
"Life isn't about how to survive the storm, but how to dance in the rain."

Real Estate Broker, DRE CA License #01148405

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Comments (1)

Kim Sellers
Lake Arrowhead, CA Coldwell Banker - Lake Arrowhead, CA
Lake Arrowhead Realtor - BRE#01412099 - Lake Arrow

Great information Richard, you must be the best.

Jan 20, 2009 05:24 AM