Last week, the number of Americans applying for mortgages increased 9.1 percent when compared to the week prior, according to a report released today by the Mortgage Bankers Association (MBA). The study showed refinance applications surged nearly 11 percent, while applications from those seeking to purchase a home also climbed 4.4 percent.
The shortened workweek is full of economic and earnings releases. The NAHB Index for January is expected to show a slight improvement in conditions. On Wednesday, we have PPI and Housing Starts followed by Jobless Claims and the Philly Fed Index on Thursday.
For most of us who are first-time home buyers, home improvement isn’t something we have experience in – nor do we have thousands of dollars to spend on construction crews. And chances are your first home is not perfect, which means you’ll want to make a few changes to suit your needs. So how can you do home improvement for cheap? And where do you even begin? Lastly, what improvements will help you get the biggest return on investment?
Treasury and mortgage bond prices are slightly higher this morning ahead of the week’s final Treasury auction. Today’s December retail sales report was expected to increase following November’s strong reading.
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With the Huffington Post reporting a record 2.8 million households threatened by foreclosure in 2009, many homeowners are still facing rough times with the economy. While the housing market is still recovering slowly, there are some steps you can take to protect your family from this crisis.
Both of the Treasury auctions this week have had strong demand, however government bond prices are slightly lower this morning as the market awaits another large Treasury auction and is concerned about the prospect of rising inflation spurring rising rates.
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Credit has its fair share of myths, legends and misinformation. Pile on top the proprietary nature of credit scores, the formulas for which are closely guarded secrets, and navigating the credit waters becomes even more confusing.
Treasury prices are higher this morning following some disappointing earnings results and ahead of today’s 3-year T-note auction. This week’s flood of new debt supply continues this afternoon with the Treasury.