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Pending Homes Sales Report Expected to Be Down This Month – Market Update

by Kristen Curzytek on August 29, 2011 in Market Update

Treasuries and mortgage backed securities opened down this morning, then extended their drop following a higher than expected personal spending report. Later this morning the Pending Home Sales report is expected to show a drop month over month to -1 percent. This will be an important week for economic releases with the FOMC minutes tomorrow and Friday’s unemployment report.

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Tags: Economic Release FOMC Home Sales Mortgage-Backed Securities Mortgages Pending Home Sales Personal Spending Personal Spending Report Treasuries Unemployment Unemployment Report zing Zing Blog

About Kristen Curzytek

Kristen has just finished her undergrad at Eastern Michigan University. Since writing is her first love, she's thrilled to be writing for Zing! as part of her internship. In her free time, she loves to garden and bake cupcakes. Kristen also enjoys the summer car shows that are all over Michigan, including the amazing Woodward Dream Cruise.

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