Maine Mortgage Market Update 11.02.2010 Election Day

Mortgage bond prices are positive this morning helping to bounce back a bit from the steep selloff yesterday. Traders will position themselves ahead of the Fed results tomorrow afternoon. Many believe the Fed will announce continued quantitative easing. Quantitative easing is tool used by the Fed to increase the supply of money by increasing theContinue reading “Maine Mortgage Market Update 11.02.2010 Election Day”

A Look ahead at events that can effect Mortgage bond prices 11.01 to 11.05

The Fed meeting this week will be the most important release.  While no rate change is expected the wording of the statement will be carefully scrutinized. LOOKING AHEAD 11.01 to 11.05 Economic Indicator Release Date & Time Consensus Estimate Analysis Personal Income and Outlays Monday, Nov. 1, 8:30 am, et Up 0.3%, Up 0.4% Important.  A measureContinue reading “A Look ahead at events that can effect Mortgage bond prices 11.01 to 11.05”

Maine Mortgage Update 10.29.2010 (end of day)

Mortgage bond prices closed slightly higher Friday afternoon applying downward pressure to mortgage rates. In news released at the open, Q3 advanced gross domestic product rose 2.0%. That data was as expected. The only way we will ever recover from the Great Recession is to have GDP continue to increase. However that said, as GDPContinue reading “Maine Mortgage Update 10.29.2010 (end of day)”

If Fed Decides to Ease, Will Others Follow?

On Tuesday August 10, 2010, 10:29 am EDT Following some downbeat comments from the San Francisco Federal Reserve, there are expectations that the Federal Open Market Committee could move for more easing when it meets Tuesday. “There is huge pressure on (Federal Reserve Chairman) Ben Bernanke to do something,” said Mark O’ullivan, a director CurrenciesContinue reading “If Fed Decides to Ease, Will Others Follow?”

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