Cari Anderson's East Bay Mortgage Update for July 14th 2010
Economic News: Yesterday's International Trade figures reveled an unexpected widening in the trade gap but there was a positive reading for US exports as they expanded across all sectors. Today's Retail Sales Report was a tad worse than expected but the electronics & appliance sector sported nice gains. The Federal Open Market Committee (FOMC) will be releasing the minutes from their last meeting at 11:00 AM today.
Mortgage Markets: The yield on the 10 Year Note is currently trading at 3.101%. In addition, the Mortgage Backed Securities are trading within a range. If you are in the process of purchasing or refinancing rates remain at terrific levels.
This Week's Reports: Tuesday: International Trade Wednesday: Retail Sales & FOMC Minutes Thursday: Jobless Claims, Producer Price Index & Industrial Production Friday: Consumer Price Index & Consumer Sentiment.
Stay tuned for the Next East Bay Mortgage Update...
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Cari, I enjoy these reports and how people describe what they feel the numbers mean. I think your description is without hype and useful because of that. "Just the facts, M'am," was what Joe Friday from Dragnet (a tv show way before you were born) used to say.