Mortgage Rates Hold Steady There were few surprises in the economic data released this week, and the record $109 billion in Treasury auctions went smoothly. As a result, it was a quiet week for mortgage markets. This week’s economic data showed signs that the economy is gradually improving, while inflation is not a concern […]
Archive for August, 2009
Housing Data Exceeds Expectations Strong manufacturing and housing sector data contributed to a rally in the stock market this week. This would ordinarily push mortgage rates higher, but the strong economic news was offset by tame PPI inflation data and a significant increase in Fed purchases of mortgage-backed securities (MBS), leading to a small […]
Latest in Stimulus
A $300 million cash-for-clunkers-type federal program to boost sales of energy-efficient home appliances provides a glimmer of hope for beleaguered makers of washing machines and dishwashers, but it’s probably not enough to lift companies such as Whirlpool (NYSE:WHR - News) and Electrolux out of the worst down cycle in the sector’s history.
Beginning late […]
Housing Data Exceeds Expectations Strong manufacturing and housing sector data contributed to a rally in the stock market this week. This would ordinarily push mortgage rates higher, but the strong economic news was offset by tame PPI inflation data and a significant increase in Fed purchases of mortgage-backed securities (MBS), leading to a small […]
KEY STATS
1.6 million: Population (metro)
$182,000: Median home price
B-: Multisport grade
92: Number of annual music festivals held in town
Yes, the originator of the KEEP [your city’s name here] WEIRD bumper sticker is still plenty kooky, but it’s also young and remarkably active. With Barton Greenbelt—800 acres of wilderness—in the heart of downtown, a lunchtime bike, kayak, […]
Will The Circle Be Unbroken?There are good days and bad days in every market. Recently the stock market has had more good days than bad. Unfortunately, as the stock market rises, rates have been rising as well. That seems to be the trend for the past few months. There were actually a few days in […]
