Maine Mortgage Market 1/3/2011

Today’s Data:

  • ISM Index at 57.0 for December vs the 57.3 expected and up from 56.6 in November. MBS slightly improve.

 

  • Bank of America to take $3B charge due to mortgage related loans.

 

  • China’s non-manufacturing PMI improved in December and Singapore’s economy expands and is helping to boost US stocks.

 

  • Stock futures higher to kick off 2011 as investors feel that this year the economic environment will continue to improve.

Published by Seth Jacobs

Mortgage Broker, Disc Golfer and First Person Shooter Fan living in Vacationland.

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