Cari Anderson's East Bay Mortgage Update for July 21st 2010
Economic News: A fairly quiet week for economic reports was led off Monday with the Housing Market Index. This report by the National Association of Home Builders reflects the builder sentiment. The index fell to 14 which is the lowest since April of 2009. Housing Starts were announced yesterday and while the numbers were a bit disappointing there was optimism with the gain in housing permits.
Mortgage Markets: The yield on the 10 Year is currently trading at 2.939%. In addition, the Mortgage Backed Securities are stable and prices are just a tad worse than yesterday's levels. If you are in the process of purchasing or refinancing rates remain at terrific levels.
This Week's Reports: Monday: Housing Market Index. Tuesday: Housing Starts. Thursday: Jobless Claims & Existing Home Sales
Stay tuned for the Next East Bay Mortgage Update...
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Did you read the San Jose Mercury's jobs report last weekend? It was great news for our area. My synposis talked about the Good News.
Lottie: I hadn't read that. Thanks for the link!