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Morning Report: This Week In The Market

December 13, 2009 by Wesley Ledford · Leave a Comment 

Mortgage bond prices were near unchanged last week holding mortgage rates steady. Trade was extremely volatile with wide swings common.
 
The Treasury auctions were not as well received by foreign accounts as traders were hoping. The US relies on foreign central banks such as China to fund our deficit spending. If China were to decrease or cease purchasing US bonds and notes, rates would rise.

The inflation data will be the most important releases this week. Inflation erodes the value of fixed income securities causing prices to fall and rates to rise. The Fed meeting will also take center stage. While no rates changes are expected the wording of the release will be very important.

Here are the reports, and when they are released. 

LOOKING AHEAD
Economic
Indicator
Release
Date and Time
Consensus
Estimate
Analysis
Producer Price Index Tuesday,
Dec. 15,
8:30 am, et
Up 0.9%,
Core up 0.2%
Important. An indication of inflationary pressures at the producer level. Weaker figures may lead to lower rates.
Industrial Production Tuesday,
Dec. 15,
9:15 am, et
Up 0.6% Important. A measure of manufacturing sector strength. A lower than expected increase may lead to lower rates.
Capacity Utilization Tuesday,
Dec. 15,
9:15 am, et
71.1% Important. A figure above 85% is viewed as inflationary. A decrease may lead to lower mortgage interest rates.
Housing Starts Wednesday,
Dec. 16,
8:30 am, et
Up 8.6% Important. A measure of housing sector strength. Weakness may lead to lower rates.
Consumer Price Index Wednesday,
Dec. 16,
8:30 am, et
Up 0.7%,
Core up 0.1%
Important. A measure of inflation at the consumer level. Lower than expected increases may lead to lower rates.
Fed Meeting Adjourns Wednesday,
Dec. 16,
2:15 pm, et
No rate change Important. Few expect the Fed to raise rates, but some volatility may surround the adjournment of this meeting.
Leading Economic Indicators Thursday,
Dec. 17,
10:00 am, et
Up 0.7% Important. An indication of future economic activity. A smaller increase may lead to lower rates.
Philadelphia Fed Survey Thursday,
Dec. 17,
10:00 am, et
16.5 Moderately important. A survey of business conditions in the Northeast. Weakness may lead to lower rates.
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817 Hackamore, White Settlement, TX 76108

September 30, 2009 by Mortgage Align · Leave a Comment 

3 bedroom, 2 bath, with carport; extra storage room inside and outside; fresh paint; roof replaced dec. 2008; foundation repaired dec. 2008 with lifetime warranty; outdoor pool with deck; new liner for pool before closing.

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2309 Yorktown, Abilene, TX 79603-2014

September 16, 2009 by Mortgage Align · Leave a Comment 

Nice 3 bedroom 2 living areas home, all elecrtical wireing , gas lines replaced in dec. 08, roof completed in dec. 08, air conditioner & heater replaced in dec. 08. The owner is cureently completely repainting the exterior of the house.

dec

2309 Yorktown, Abilene, TX 79603-2014

September 16, 2009 by Mortgage Align · Leave a Comment 

Nice 3 bedroom 2 living areas home, all elecrtical wireing , gas lines replaced in dec. 08, roof completed in dec. 08, air conditioner & heater replaced in dec. 08. The owner is cureently completely repainting the exterior of the house.

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