The Day Ahead: Markets Flat Ahead of Income Data
Friday, October 30th, 2009Upbeat earnings and the +3.5% GDP report helped US stocks jump around 2% yesterday, though the gains weren’t enough to wipe out losses from earlier in the week. The market is still down 2.9% from its annual high on October 19.
This morning Dow Futures are looking down 32.00 points at 9871.00, still a ways off from the 10k mark, and the Samp;P 500 looks to open 4.00 points lower at 1057.50.
Meanwhile, the Treasury yesterday completed its record $123 billion issuance of government-backed securities. Despite the growing deficit, each auction was “heavily oversubscribed, drawing in a total of $372.4 billion in bids, more than three times the offered amount,” said the Wall Street Journal.
The US$ index is flat this morning following heavy losses yesterday as equities rallied. WTI crude oil is down 0.4% to $79.55, and spot gold is off $2 to $1045….(a href=”http://www.mortgagenewsdaily.com/10302009_day_ahead_income_outlays.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=116330″ width=”1″ height=”1″
Won’t be able to make my mortgage payment in the near future
Friday, October 30th, 2009I am afraid I won’t be able to make my mortgage payment in the near future. Many homeowners are in t
Fed MBS Purchases Still Slowing. No Effect on Values Yet
Thursday, October 29th, 2009The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between October 22 and October 28, the Federal Reserve purchased a total of $21.906 billion agency MBS. In those five days the Federal Reserve sold $3.906 million agency MBS (dollar rolls) with the majority of roll transactions in FN 5.0s and FN 4.5s. After sales, the Fed#39;s weekly net purchases totaled $18.00 billion.
…(a href=”http://www.mortgagenewsdaily.com/10292009_fed_agency_mbs_purchases.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=116238″ width=”1″ height=”1″
Freddie and Fannie: Marginal Adjustments Made to Rates Last Week
Thursday, October 29th, 2009Mortgage rates for the last week have remained relatively unchanged according to information released by Freddie Mac from its weekly Primary Mortgage Market Survey and Fannie Mae#39;s report on average yields….(a href=”http://www.mortgagenewsdaily.com/10292009_freddie_and_fannie_marginal_adjustments_made_to_rates_last_week.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=116185″ width=”1″ height=”1″
FTHB Tax Credit Update: Supportive Words from Geithner and Donovan
Thursday, October 29th, 2009While we generally try to avoid getting caught up in political poo throwing, we know many are anxiously awaiting news from Capitol Hill regarding the extension of the first time home buyer tax credit. Although there has yet to be definitive progress. Here are a few words of support from the Obama Administration to help you deal with the suspense….(a href=”http://www.mortgagenewsdaily.com/10292009_tax_credit_extension.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=116186″ width=”1″ height=”1″
Rates For October 29, 2009
Thursday, October 29th, 2009Conforming Rates at Par 30 years Fixed 4.75% 20 years Fixed 4.75% 15 years Fixed 4.25% 10 years Fi
The Day Ahead: Q3 GDP, Jobless Claims, Tax Credit Extension, Treasury Auction
Thursday, October 29th, 2009quities were slashed yesterday after the new home sales report posted an unexpected 3.6% decline for September. The Samp;P 500 fell 1.95%, the Nasdaq shed 2.67%, and the Dow moved further south from the 10k mark as it fell 1.21% to 9,762.69.
This morning, ahead of the first look at Q3 GDP, markets are cautious but generally looking up. That’s not bad considering economists at Morgan Stanley, BofA-Merrill Lynch, and Goldman Sachs all reduced their estimates for the preliminary survey earlier in the week….(a href=”http://www.mortgagenewsdaily.com/10292009_day_ahead_q3_gdp.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=116064″ width=”1″ height=”1″
PBKS 4U provide service of VAT
Thursday, October 29th, 2009Value Added Tax We provide the services of vat in the business concern because for normal persons or
Senate Bill 36: California Loan Originator Licensing
Wednesday, October 28th, 2009Senate Bill 36 (SB36): California Loan Originator Licensing The purpose of SB 36 is to bring Califo
New Home Sales Fall For First Time in Six Months
Wednesday, October 28th, 2009This month single family new home sales fell for the first time since March. The annual pace of new homes sales was 402,000 sales per year, well below economist expectations for a pace of 440,000 annual new home sales. This is a 3.6% month over month decline. August new home sales data was also revised lower, from 429,000 to 417,000 sales per year.
New home supply was unchanged at 7.5 months. The median home sale price was 204,800, 9.1% lower from September 2008.
New home sales in the Northeast were unchanged, the Mid-West was 34% higher, the South experienced 10% less new home sales, and the West was 10.6% slower. Once again, only one geographical region experiences growth….(a href=”http://www.mortgagenewsdaily.com/10282009_september_new_home_sales.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=115919″ width=”1″ height=”1″
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