Archive for July, 2009
Jul
Quick Take: Weekly Mortgage Applications and FHFA Index
The mortgage applications (for purchase) index is still a trickle compared to just a year ago.
Jul
Market Snapshot
The bond and mortgage markets opened unchanged but with little to drive it after the strong moves yesterday at 9:00 the 10 yr -4/32 at 3.50% and mortgage prices -3/32. The stock market trade at 9:00 had the DJIA futures down 61 points. At 9:30 the DJIA opened -55, 10 yr note -1/32 and mortgage prices [...]
Jul
Twitter Updates for 2009-07-21
Published a new post: Twitter Updates for 2009-07-20 http://ping.fm/HmlxE # Published a new post: Market Snapshot http://ping.fm/NQfjw # RT @modestobroker: Just got a price reduction on 1601 Vivian in Modesto. Now at $247,610. New paint & carpet and sitting on almost 3 acres! # Powered by Twitter Tools.
Jul
Did You Know: Tenure at Firm
Did you know that the typical REALTOR® has been at his/her firm for five years?
Jul
Quick Take: The Fed’s Independence
Mortgage rates are no longer at the rock-bottom rates of less than 5 percent. However, mortgages rates are still well under 6 percent – which can still be considered as being near 50 year lows.
Jul
Market Snapshot
No follow-through from the small rally yesterday. Treasuries and mortgages opened weaker this morning with the stock market pointing to a better open at 9:30. At 9:00 the 10 yr note -13/32 3.66% +4 BP; mortgage prices -6/32 frm yesterday’s close. At 9:30 the DJIA opened +70, the 10 yr -12/32 3.65% +4 BP and [...]
Jul
Twitter Updates for 2009-07-20
Published a new post: Twitter Updates for 2009-07-19 http://ping.fm/x0apP # Good morning folks! # And good day to all of our friends on the other side fo the Twitterverse! # Published a new post: Market Snapshot http://ping.fm/OXcMN # I uploaded a YouTube video — What is a Short Sale? http://bit.ly/lUcYL # I uploaded a YouTube [...]
Jul
Did You Know: Sales Price and Urgency
Did you know that the typical home seller sold their home for 96 percent of the listed selling price?
Jul
Economists’ Commentary: Commercial Investment Trends–Retail Sector Struggles with Growing Distressed Sales
Consumer spending continues to decline, as rising unemployment and a prolonged recession force consumers to cut back. Against this backdrop, demand for retail space has been contracting.
Jul
Market Snapshot
Treasuries and mortgages are weaker this morning after last week’s big rate increases. Still a stock market trade, early today the stock index futures trading was pointing to another firm opening. At 9:00 the 10 yr traded -7/32 at 3.68% +3 BP, mortgage prices down 3/32 (.09 bps) and the DJIA +37. At 9:30 the [...]