Mortgage Market Report

By
Real Estate Agent with Rich Sellers Lake Arrowhead, CA (Coldwell Banker)

Market Outlook
Thursday, August 27, 2009 7:05 AM
Price Trend: Neutral
Price Volatility: High
_________________________________________________________________
Current Conditions:
FNMA 4.5 100-09 (-1)
GNMA 4.5 100-15 (-2)
10yr Yield 3.433
Today’s Economic Data (PST)
GDP 5:30
Jobless Claims 5:30
_________________________________________________________________
Commentary:
Treasury and mortgage prices are close to unchanged after being down earlier this morning. Bonds reacted
negatively to a better than expected revision to Q2 GDP. Economists expected that the revision would show
that the economy had contracted more than originally reported last month. Instead GDP remained
unchanged and personal consumption (consumer spending) was revised higher.
Next up is the 7 ye Treasury auction later this morning. Yesterday’s 5yr auction went well and the consensus
is that this 7yr will be well received, too.
This Week’s Economic Calendar
Date/Time
(Central) Indicator Period Est. Actual Prior
8/25
8:00
S&P/CaseShiller Comp-20
(YoY) JUN -16.45% -15.4% -17.06%
8/25
9:00 Consumer Confidence AUG 47.6 54.1 46.6
8/26
6:00 MBA Mortgage Apps. 21-
Aug 7.5% 5.6%
8/26 Durable Goods Ex. Trans. JUL 0.9% 0.8% 1.1%
7:30
8/26
9:00 New Home Sales JUL 390K 433K 384K
8/26
9:00 New Home Sales (MoM) JUL 1.6% 9.6% 11.0%
8/27
7:30 GDP QoQ (Annualized) 2Q P -1.4% -1.0% -1.0%
8/27
7:30 Personal Consumption 2Q -1.2% -1.0% -1.2%
8/27
7:30 Initial Jobless Claims 22-
Aug 565K 570K 576K
8/27
7:30 Continuing Jobless Claims 15-
Aug 6215K 6130K 6241K
8/28
7:30 Personal Income JUL 0.1% -1.3%
8/28
7:30 Personal Spending JUL 0.2% 0.4%
8/28
7:30 PCE Deflator (YoY) JUL -0.9% -0.4%
8/28
7:30 PCE Core (MoM) JUL 0.1% 0.2%
8/28
7:30 PCE Core (YoY) JUL 1.3% 1.5%
8/28
9:00
U of Mich. Consumer
Confidence
AUG
F 64.3 63.2

Posted by
Richard Sellers



E-mail
elitesellers@gmail.com
Website
www.arrowheadlifestyles.com
Office Phone
(909) 336-2131
Cell Phone
(909) 553-1897
Fax
(909) 336-2500
Address
27206 Hwy 189, Blue Jay, CA, 92317
Description
"Life isn't about how to survive the storm, but how to dance in the rain."

Real Estate Broker, DRE CA License #01148405

Lake Arrowhead Homes ~ Lake Arrowhead Real Estate ~ Lake Arrowhead Realtor ~ Coldwell Banker Sky Ridge ~ Republican Women of Lake Arrowhead ~ Mt Calvary Lutheran Church ~ Lake Arrowhead Country Club ~ Lake Arrowhead Yacht Club ~ Lake Arrowhead Chamber of Commerce ~ Lake Arrowhead Lifestyle ~ Lake Arrowhead Lifestyles ~ Lake Arrowhead Realtor ~ Coldwell Banker ~ Arrowhead Lifestyles ~ Lake Arrowhead Lake Front Homes ~ Lakefront ~ Golf Course Lake Arrowhead ~ Lake Arrowhead Blog ~ Lake Arrowhead Lifestyles Blog ~ Lake Arrowhead Dock ~ Rim Football ~ Docks for Sale


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