Hello November! Florida mortgage rates have been the best compared to September. What a way to start a month with MBS on the up and down. The ISM Index (Institute for Supply Management) rose to 56.4 and was the highest…
Happy Halloween! Now that we got through the Feds meeting, it should be business as usual, at least until next week when the October jobs report will be released. It’s scheduled for November 8th. For now, weekly jobless claims dropped…
Finally, the end of waiting for the Fed’s meeting and good news for mortgage rates. The Feds will not begin to taper, but will continue to purchase $85 billion in bonds each month. Some things that came out of the…
Finally the Fed’s meeting is here, but news of the results won’t be out until tomorrow at 2 pm. Markets are not moving too much while investors await the outcome, although most believe that no changes will be made to…
Well, it’s the start of a new week that may result in some volatility in markets with the 2 day Fed’s meeting already in progress. Right now, expectations are that the Fed’s will put off any QE3 tapering until at…
Not much is happening today with markets being mostly flat to slightly higher. Anticipation for next week’s FOMC meeting may be holding back any investment moves. Durable goods rose 3.7% in September which was above forecast. On the other hand,…
Well, another weekly jobless claims report comes in tainted as California’s backlog of applications is making it impossible to get an accurate reading on the labor market. Jobless claims for the week ending October 19th were at 350,000 which was…
It’s been a quiet day without much data being released. Stocks are down based on earnings results and talk that China may tighten its monetary policy. The Mortgage Bankers Association released its weekly survey which showed that mortgage applications dropped…
Finally released, the September jobs report turned out to be a big disappointment. Even though, markets seem to be happy with the results. The Labor Department reported that 148,000 jobs were added in September which was way below the 183,000…
It may turn out to be a volatile week as reports that were put on hold during the government shutdown start to roll out. Tomorrow, the jobs report for September is going to be released by the Labor Department; month…