Having houseguests? Read our simple tips that will make your guests feel comfortable and make their stay memorable!
Treasury and mortgage prices are slightly lower this morning ahead of today’s FOMC meeting. Investors will be most interested in the language contained in the statement released by the committee. The Fed is in a bind with recent economic data suggesting that the recovery is stalling despite all of the stimulus programs that have been implemented.
An article posted in the New York Times discusses home owners who make design choices solely based on resale value and those who make design choices based on their own preferences. How can a homeowner strike a balance between pleasing themselves and pleasing a potential future owner?
Some of the key releases for the week include the $74 billion of notes and bonds the Treasury is set to auction, the trade balance report, and Friday’s CPI and retail sales reports. There are no economic releases scheduled for today and we expect the market to be fairly quiet ahead of the big number for the week, which is tomorrow’s FOMC rate decision.
This morning’s jobs report was highly anticipated since rumors are that the FOMC is considering new easing moves due to a sputtering recovery. Today’s non-farm payrolls report was expected to show the U.S. lost jobs for the second consecutive month. Specifically, July payrolls were expected to show a -65k decline overall, adding to the -125k decline in June. The actual number show a -131k decline. Also, the expectations for next month’s numbers were revised downward. This is causing mortgage bonds to rally this morning.
Treasury and mortgage prices are slightly higher this morning as the weekly jobless claims report today was worse than expected. Investors will be speculating on tomorrow’s employment report, which may encourage the Fed to provide more economic stimulus if the numbers are disapointing.
Fast growing financial website has more than 500,000 users – Detroit, Mich. – Aug. 04,2010 – Quicken Loans Inc. Chairman and Founder Dan Gilbert today [...]
This morning we had the MBA mortgage application report which showed that applications rose 1.3% last week, with the purchase applications component coming in slightly higher at 1.5%. Also, later this morning the July ISM non-manufacturing index is expected to drop for the 2nd month in a row from – .8 points to 53. Readings above 50 signal expansion.
While a mortgage may be the largest expense to consider when budgeting for your new home, be careful not to forget about other hidden expenses associated with homeownership.
Yesterday, Treasury and mortgage prices dropped on strong earnings and better than forecasted factory data. Mortgage prices are up this morning ahead of a busy economic calendar. This morning’s releases included June’s Personal Income and Spending, which came in lower than expected. This will be followed later this morning by June Factory Orders and the Pending Home Sales Index.