Daily Market Report September 10
- Length: 2:25
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- Author: MikesDailyMarketRpt
The Stock Market was rallying earlier in the morning and has since pulled back a bit. The Wholesale Inventories hit a 2 year high, but didn't seem to create a big impact, as the size of the increase in inventories outpaced higher sales by distributors. China's imports were higher than forecasts, which leads to speculation that the Chinese Government may take additional steps to slowdown it's economy. The Bond Market has taken it's toll this week and today is no different. It started about 15 bps lower than yesterday's close and went an additional 15 bps (touching the bottom of the Trading Range), but has turned upward and is currently up 3 bps. We may see some improvement in Mortgage Rates today, after seeing them Rise this morning. If you look at the Candlesticks, then you will notice a lot of gaps. We may see that close sometime in the near future. Next week is full of economic news releases (like CPI, PPI, Philly Fed, Empire Index, Retail Sales). So, we'll see a lot more activity next week. We didn't have a lot of trading this week, which is one of the reasons we saw a lot of volatility in the Market. Next week should be better.
Government mortgage modification program may be improving
- Length: 2:40
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- Author: ABCActionNews
Troubled homeowners all over the country have voiced complaints about the government's mortgage modification program. Some say the banks are making progress in the way they process these applications.
Government Mortgage Help
- Length: 0:37
- Views: 3
- Author: sdhousemortgage
www.SanDiegoMortgageSolutions.com If a good motgage company knows what they would do on first look at your credit standing, that is an expert! So click the website link and call for the help that you need!
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