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Archive for January 5, 2011
Data effecting today’s Mortgage Market
January 5, 2011
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9:33 AM ET - Stocks open lower despite the strong ADP data as they look to be somewhat overbought.
8:56 AM ET - MBAs Market Composite Index, a measure of mortgage loan application volume, increased 2.3% in the week ended 12/31.
8:44 AM ET - Stock futures lower but have pared some of those losses after ADP data. ISM Services at 10:00.
8:33 AM ET - ADP Employment number comes in at 297K vs the 100K expected. Bond markets falling.
Categories: Market News
adp data, ism services, market composite index
