East Bay Mortgage & Market Update for December 9th
By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
Mortgage and Market Update for December 9th Economic News: Stock Markets ended the week strong with reports of progress being made in the European Union efforts to come to agreement on how to handle the ongoing crisis. Our economic reports were mixed with a bias on the positive side. Factory Orders for October fell in both the durable and non-durable goods segments. This news was mostly shrugged off as data from last week showed a rebound in demand. The ISM-Non Manufacturing Index missed estimates but a reading above 50 still shows growth. Weekly Jobless Claims handily beat expectations at 381,000 and the four week moving average improved as well. Consumer Sentiment rose to the highest level since June.Mortgage Markets: Treasuries and Mortgage Backed Securities. The 10 Year Note is clo...
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