The Mortgage Minute
October 25, 2009 by admin
Steve SchraderBachar with Wells Fargo provides the Mortgage Minute which is up to date information to help you accomplish the American Dream of home ownership.
I hope that your Friday is off to a terrific start. In the Markets today, Mortgage Bonds are trading higher this morning, now that the weight of the Treasury Department’s record $123 Billion in auctions are behind us.
In the news, Personal Income was reported unchanged in September, while Consumer Spending fell 0.5%. Also this morning, some encouraging news came from the Chicago PMI and the Michigan Consumer Sentiment, which both came in better than expectations with mildly positive numbers.
Currently, Bond prices are trading just below the 25-Day Moving Average. I recommend floating for now. I will continue to monitor the market throughout the day and keep you informed of any major developments. I hope you enjoy your day and have a great weekend ahead too — Happy Halloween! If there is ever anything I can do for you, please let me know.
Steve SchraderBachar, Wells Fargo Mortgage
Office: 515-289-4381
Mobile: 515-360-5197
E-Mail: steven.w.schraderbachar@wellsfargo.com
Filed under Blog, Hot Topics
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