The Fed had no surprises for us yesterday stating again that bond buying would continue despite rumors they would curtail purchases earlier in the day. Yesterday’s statement was almost identical to the previous statement, which failed to move the market in any dramatic way.
Find out how much you can save with our low mortgage rates. Let's talk today!
Tag Archives | Jobless Claims
Treasuries Remain Unchanged Still – Market Update
Treasuries remain unchanged again yesterday with no news of moving the market. A weekly report to be released today should show initial jobless claims have remained unchanged from last month hovering at 350,000.
Jobless Claims Increased Last Month – Market Update
MBS held onto morning gains all day yesterday despite the fact that Jobless Claims increased last month.
Investors Anxious to Hear Apple Earning Results – Market Update
Today the talk of the investment community centers on Apple’s earnings, which is having more of an impact on the market than the jobless claims.
Jobless Claims Figures Come in Higher – Market Update
In terms of economic releases today, the weekly jobless claims figures were forecasted to come in lower at 365,000 from 372,000, however, they actually came in higher at 371,000.
Market Rallies Amidst Economic Optimism in U.S. and Europe – Market Update
An FOMC announcement and optimism surrounding the financial unrest in Europe seemed to spark a market rally yesterday. This surge led to repricing, causing mortgage-backed securities to open up lower for the second straight day this week.
European Central Bank Release Boosts Mortgage Backed Securities – Market Update
The debt crisis abroad is holding strong, as indicated yesterday following a release of the European Central Bank’s balance sheet. The financial brief sparked mortgage backed securities in Thursday’s early morning hours, driving the 4.25% 30-Year rate to zero points. Jobless claims have increased over the past week.
U.S. Government Securities Increase – Market Update
The demand for U.S. Government backed securities is up, Europe is still struggling, stocks barely budge, and we have a mouth-full of economic data to chew on for the day.
Jobless Claims Report Better Than Expected – Market Update
The jobless claims report came in better than expected, showing a drop in initial jobless claims of 39,000 last week, adding pressure to bonds this morning.
Jobless Claims Higher Than Expected – Market Update
Bonds are opening higher this morning following comments from European Central Bank President Trichet, that the risk signals for financial stability in the Euro area are flashing “red.” Bonds extended gains after this morning’s jobless claims report showed a higher than expected increase in claims last week.
WE WANT YOUR FEEDBACK