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Market Update

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

Market Outlook

 

Wednesday, January 21, 2009                

 

Price Trend: Negative

Price Volatility:  High

Recommendation:  Cautiously Floating   

_________________________________________________________________

 

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

 

FNMA 4.5          101-12  (-3)                   None                

GNMA 4.5          101-17  (-2)                  

10yr Yield          2.471%                        

                                                           

_________________________________________________________________

Commentary:

 

This morning's market looks very similar to the way it did yesterday at this time.  Treasuries are down significantly and mortgages are down slightly.  Once again there is no data being released today.  Stocks have been taking a beating over the past week but bonds have not benefitted from that move.   The Dow is actually up over 100 points this morning, but bonds haven't really reacted to that either.  With a lack of clear outside price influences, price action will likely be controlled by technical trading.

 

 

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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