DAILY MORTGAGE INTEREST RATE LOCK ADVICE

By
Mortgage and Lending NMLS 291249

DAILY MORTGAGE INTEREST RATE LOCK ADVICE
January 1, 2011, 9:00 AM PST

LOCK ADVICE CHANGES SEVERAL TIMES DAILY CLICK FOR UPDATE

Mortgage Interest Rate lock Advice for locks within 3 days:  LOCK on any Down Day.
Rate Points based on the Mortgage Backed Securities market are up 0.35 point.

Long Term Mortgage Interest Rate Lock or Float Advice:  LOCK.

___________________________________________________________________________________________________________________ 

California Rates 1/3/2011, 8:00 PT
30 Year Fixed to $417,000
Rate 4.500% Point 1.000 APR 4.645%
Rate 4.625% Point 0.375 APR 4.717%
Rate 4.750% Rebate 0.750 APR 4.810%
APR Based on $350,000 Mortgage at 80% LTV
740 Credit Score - 30 Day Lock.
Click for Quotes on FHA and VA loans With Detailed Cost Estimates.
 No Application Fee or Credit Report required

MORTGAGE MARKET NEWS REVIEW

Friday, 12/31/2010
Today, no financial news is scheduled that will effect mortgage rates

Thursday, 12/30/2010
The Labor Department's weekly tally of Jobless Claims showed first-time filings for jobless benefits dropped to 388,000, a stark decline from the prior week's 422,000 claims.
The National Association of Realtors said Pending Home Sales of previously owned U.S. homes rose faster than expected in November, though sales remained below "normal" activity levels,

Wednesday, 12/29/2010
Today's jobless claims report showed a continued decline to both initial and continued unemployment claims as a declining trend shaped up for initial claims and traditional continued claims continued to trend down.

Tuesday, 12/28/2010
The Conference Board reported that consumer confidence declined to 52.5 in December on concerns about jobs in the present and future.

Monday, 12/27/2010
Today, no financial news is scheduled that will effect mortgage interest rates

Thursday, 12/23/2010
Labor Department figures showed First-time filings for Jobless Benefits declined by 3,000 to 420,000 in the week ended Dec. 18.
The Commerce Department released report showed that Personal Income rose by 0.3 percent Personal Spending increased by 0.4 percent in November.
The labour department said that initial Jobless Claims fell by 3,000 to 420,000
Best 30 yr Mortgage, 30 day Lock rate: 4.500%, Point 1.125, APR 4.656%

Wednesday, 12/22/2010
Gross Domestic Product (GDP)-- the output of goods and services produced in the United States increased at an annual rate of 2.6 percent in the third quarter of 2010.
Last week MBA mortgage applications  took a big tumble; the overall index at -18.6%, the purchase index -2.5% but the re-finance index fell 24.6%.
November Existing Home Sales, expected up 6.6% to 6.8% instead increased 5.6% to 4.68 million units annualized.
Existing Home Sales are due at 10:00 AM EST

Tuesday, 12/21/2010
Today, no scheduled financial news is scheduled that will effect mortgage rates
Best 30 yr Mortgage, 30 day Lock rate: 4.500%, Point 0.875, APR 4.639%

Monday, 12/20/2010
Today, no scheduled financial news is scheduled that will effect mortgage rates
Best 30 yr Mortgage, 30 day Lock rate: 4.500%, Point 0.875, APR 4.639%

Friday, 12/17/2010
Leading Economic Indicators, The Conference Board Leading Economic Index® (LEI) for the U.S. increased 1.1 percent in November to 112.4, following a 0.4 percent increase in October, and a 0.6 percent increase in September.
LEI is a compilation of six other economic reports designed to predict the market in the next six months.
Best 30 yr Mortgage, 30 day Lock rate: 4.750%, Point 0.000, APR 4.808%

Thursday, 12/16/2010
Housing Starts rose to a 555,000 annual rate, up 3.9 percent from October's 534,000 pace that was higher than initially estimated, Commerce Department figures showed today in Washington.
Initial Unemployment Claims fell by 3,000 to 420,000 in the week ended Dec. 11, the Labor Department said in its weekly report
Best 30 yr Mortgage, 30 day Lock rate: 4.750%, Point 0.500, APR 4.852%

Wednesday, 12/15/2010
The Labor Department says the Consumer Price Index rose 0.1 percent in November, less than the previous month's rise of 0.2 percent
Best 30 yr Mortgage, 30 day Lock rate: 4.625%, Point 1.000, APR 4.770%

Tuesday, 12/14/2010
The Commerce Department reported that November Retail Sales rose by 0.8 percent following an upwardly revised 1.7 percent increase in October.
The Commerce Department also reported that October Business Inventories increased by 0.7 percent following an upwardly revised 1.3 percent increase in September.
Best 30 yr Mortgage, 30 day Lock rate: 4.500%, Point 0.875, APR 4.632%

Monday, 12/13/2010
There is no financial news scheduled today that will effect Mortgage Rates
Best 30 yr Mortgage, 30 day Lock rate: 4.500%, Point 0.750, APR 4.622%

Friday, 12/10/2010
Treasury Budget Data. The U.S. recorded a larger-than-expected $150 billion budget gap last month, the largest shortfall for any November, Treasury Department data showed on Friday.

Thursday, 12/09/2010
Jobless claims fall, near lowest level of the year
Applications for unemployment benefits dropped last week to the second-lowest level this year, evidence that companies are cutting fewer jobs.

Wednesday, 12/08/2010
For week ending December 3, the Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from one week earlier.
Refinancing activity continued to tail off, decreasing 1.4 percent from the previous week.
Best 30 yr Mortgage, 30 day Lock rate: 4.375%, Point 1.25, APR 4.536%

Tuesday, 12/07/2010
Consumer Credit report Consumer credit increased at an annual rate of 1-3/4 percent in October 2010.
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 1.125, APR 4.401%

Monday, 12/6/2010
MBS markets got a nice start this morning; with rate markets improving on Bernanke's comments last night on 60 Minutes.
No financial news is scheduled today that will effect Mortgage Interest Rates.
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 0.750, APR 4.369%

Friday, 12/3/2010
Monthly Unemployment Report: November edged up to 9.8 percent, from 9.6 the previous three months.
U.S. Factory Orders fell 0.9% in October, however, the decline was offset by a substantial, upward revision in September's orders, which jumped to a 3.0% gain from initial estimates of a 1.8% rise

Thursday, 12/2/2010
Weekly Jobless claims report. The report showed that jobless claims rose 26,000 to 436,000 from the previous week.
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 1.000, APR 4.390% 

Wednesday, 12/1/2010
The U.S. Census Bureau of the Department of Commerce announced today that Construction Spending during October 2010 was estimated at a seasonally adjusted annual rate of $802.3 billion, 0.7 percent above September. The October figure is 9.3 percent below October 2009.
Manufacturing ISM Report On Business
The manufacturing sector grew during November, with both new orders and production continuing to expand.

Tuesday, 11/30/2010
The Conference Board Consumer Confidence Index®, which improved in October, increased 4.2 points in November.
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 0.250, APR 4.313%

Monday, 11/29/2010
No financial news is scheduled that could effect today's mortgage rates.
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 0.250, APR 4.313%

Friday, 11/26/2010
No financial news is scheduled that could effect today's mortgage rates so, the hope is, we will enjoy a quiet day after Wednesday's large price increase.
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 0.625, APR 4.346%

Wednesday, 11/24/2010
Personal income rose 0.5% in October, after a revised unchanged rate in September, while spending by individuals rose to 0.4% from a revised 0.3% the prior month, according to data released by the Commerce Department.
Jobless claims declined by 34,000 to 407,000 in the week ended Nov. 20.
Sales of new homes in the U.S. slid 8.1% to a seasonally adjusted annual pace of 283,000. The fall was the fourth in six months
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 0.75, APR 4.356%

Tuesday, 11/23/2010
The National Association of Realtors reported that the number of existing homes sold fell 2.2% from September to an annual rate of 4.43 million. The rate was down 25.9% from 12 months earlier.
Best 30 yr Mortgage, 30 day Lock rate: 4.125%, Point 1.000, APR 4.264%

Monday, 11/22/2010
In the wake of the Irish bailout, a quiet financial news day is expected with only the two year Treasury auction scheduled at 1:00 Eastern.
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 0.000, APR 4.326%

Monday, 11/22/2010
In the wake of the Irish bailout, a quiet financial news day is expected with only the two year Treasury auction scheduled at 1:00 Eastern.

Friday, 11/19/2010
No data is scheduled today that could effect mortgage rates; interest rate markets opened quietly this morning for a welcome change after the high volatility this week.
Best 30 yr Mortgage, 30 day Lock rate: 4.250%, Point 0.375, APR 4.336%

Thursday, 11/18/2010
The Labor Department reported this morning that jobless claims rose 2,000 to 439,000. The previous week's figures were revised up 2,000 to 437,000. Those don't sound like good numbers but, some economists are starting to smell a turn in the job situation which is being touted as the reason for this morning's sharp stock rise.

Wednesday, 11/17/2010
The Consumer Price Index (CPI), on a seasonally adjusted basis,  increased 0.2 percent in October after increasing 0.1 percent in September.
Best 30 yr Mortgage, 30 day Lock rate: 4.125%, Point 0.875, APR 4.253%

Tuesday, 11/16/2010
The Producer Price Index (PPI) for finished goods increased by 0.4% in October, seasonally adjusted, much less than the consensus estimate of 0.8%
Industrial production was unchanged in October after having falling 0.2 percent in September.
Best 30 yr Mortgage, 30 day Lock rate: 4.000%, Point 1.250, APR 4.203%

Monday, 11/15/2010
The U.S. Census Bureau announced Monday that advance estimates of U.S. retail and food services sales for October increased 1.2 percent.
Best 30 yr Mortgage, 30 day Lock rate: 4.000%, Point 1.125, APR 4.147%

Friday, 11/12/2010,
No news is scheduled that will effect mortgage rates today.

Thursday, 11/11/2010 - Veterans Day
Bond Markets are closed and stock markets remain open on the day we honor our Veterans.

Wednesday, 11/10/2010
Jobless claims decreased 24,000 to 435,000 In the week ending Nov. 6 according to the Department of Labor Weekly Unemployment Report. 
Best 30 yr Mortgage, 30 day Lock rate: 4.000%, Point 0.375, APR 4.064%

Tuesday, 11/09/2010,
Little news today effected mortgage rates
Best 30 yr Mortgage, 30 day Lock rate: 4.000%, Point 0.250, APR 4.073%

Monday, 11/8/2010
The Three Year Note Auction seemed to have little effect on rates today.
Best 30 yr Mortgage, 30 day Lock rate: 4.000%, Point 0.125, APR 4.076%

Friday, 11/5/2010,
U.S. Bureau of Labor Statistics reported today Nonfarm payroll employment increased by 151,000 in October and the unemployment rate was unchanged at 9.6 percent.
Best 30 yr Mortgage, 30 day Lock rate: 4.000%, Point 0.125, APR 4.076%

Thursday, 11/4/2101
Weekly Unemployment Claims: The number of Americans filing unemployment claims for the first time rose more than expected last week according to a labor department report released early today.
Best 30 yr Mortgage, 30 day Lock rate: 4.000%, Rebate 0.125, APR 4.041%

Wednesday, 11/3/2010
FMOC Report: Overall, the Fed is in a holding pattern with recent developments in Europe and a soft recovery in the U.S. leaving little other option for now.
Best 30 yr Mortgage, 30 day Lock rate: 4.000% Point 0.000, APR 4.052%

Tuesday, November 2,
No economic news is scheduled today that could effect Mortgage Rates.
Best 30 yr Mortgage, 30 day Lock rate: 4.000% Point 0.125, APR 4.062%

Monday, November 1,
Construction spending in September increased 5%.
September Personal income fell 0.1%, the first monthly decline since July 2009.
Personal Spending rose 0.2%, below the consensus expectation of 0.4% growth.
Best 30 yr Mortgage, 30 day Lock rate: 4.000% Point 0.879, APR 4.126%

Friday, October 29,
Chicago purchasing Managers Index, improved to 60.6 from 60.4 in Sept.
Q3 Gross Domestic Product (GDP) was +2.0% besting Q2 at +1.7%.
Best 30 yr Mortgage, 30 day Lock rate: 4.000% Point 0.250, APR 4.076%

Thursday, October 28,
Unemployment claims for the week ending Oct. 23, was 434,000, a decrease of 21,000 from the previous week's revised figure of 455,000.
Best 30 yr Mortgage, 30 day Lock rate: 4.000% Point 0.500, APR 4.092%

Wednesday, October 27
The Commerce Department says new home sales in September grew 6.6 percent from a month earlier to a seasonally adjusted annual sales pace of 307,000.
The Commerce Department reported orders for durable goods rose 3.3 percent last month.
Best 30 yr Mortgage, 30 day Lock rate: 4.000% Point 0.500, APR 4.092%

Tuesday October 26,
So who do you want to believe?
According to the Federal Housing Finance Agency's monthly House Price Index released today, U.S. house prices rose 0.4 percent on a seasonally adjusted basis from July to August.
Conversely, according to Standard & Poor's/Case-Shiller index, prices of previously owned single-family homes fell 0.2% in August compared with July,.
Best 30 yr Mortgage, 30 day Lock rate: 3.875% Point 0.625, APR 3.977%.

Monday, October 25
Sales of existing homes rose in September by the most on record, a sign cheaper borrowing costs are helping stabilize an industry that's battling the headwinds of foreclosures and joblessness.

Friday, October 22,
Best 30 yr Mortgage, 30 day Lock rate: 3.875% Point 0.375, APR 3.888%.

Thursday, October 21,
Weekly jobless claims report; down 23K to 452K

Tuesday, October 19,
Sept housing starts were better than expected and new permits were worse than expected.
Best 30 yr Mortgage, 30 day Lock rate: 3.875% Point 0.000, APR 3.878%.

Monday, October 18,
Sept industrial production, expected to increase 0.2%, fell 0.2%
NAHB housing market index is unchanged from Sept
Best 30 yr Mortgage, 30 day Lock rate: 3.875% Point 0.500, APR 3.898%.

Thursday, October 14,
Weekly Jobless Claims Up 13,000.
September report on Producer Prices shows no sign of deflation, but rather an ongoing rise in prices.
Best 30 day Lock rate for 30 yr Mortgage: 3.875% Point 0.875, APR 3.998%

Tuesday, October 12,
Do the banks really own the foreclosed homes they are trying to sell? 
This video does a good job of explaining the situation.  Click to See

Friday, October 8,
The number of unemployed persons, at 14.8 million, was essentially unchanged in September, and the unemployment rate held at 9.6 percent.
Best 30 day Lock rate for 30 yr Mortgage: 3.875% Point 0.75, APR 3.998%

Thursday, October 7,
Thursday's data indicated new U.S. claims for unemployment benefits unexpectedly fell last week to the lowest in nearly three months
Fed stated in August, total consumer credit decreased at an annual rate of 1-3/4 percent.
Best 30 day Lock rate for 30 yr Mortgage: 3.875% Point 0.75, APR 3.998%

Wednesday, October 6,
There were no reports scheduled today that could effect mortgage rates
Best 30 day Lock rate for 30 yr Mortgage: 3.875% Point 1.000, APR 4.013%

Tuesday, October 5,
The ISM services index for September beat expectations, coming in at 53.2 vs. 51.8 expected and helped boost stocks.  The ISM Services report attempts to gauge how the service sector of the US economy is doing.

  
Monday, October 4,
Effective for FHA case numbers ordered from today forward, FHA changed their Mortagage Insurance Premium (MIP) to 0.90% of the loan amount and Up Front Mortgage Insurance Premium (UFMIP) is now1.000% of the loan amount

Friday, October 1,
The Commerce Department reported that Incomes grew faster than spending in August, pushing up the nation's personal savings rate,
Our best 30 yr 30 day Lock Rate today was: Rate 4.000% Point 0.625, APR 4.108%

Thursday, September 30,
Weekly Jobless Claims: The number of people who filed initial claims for state unemployment benefits fell 16,000 to 453,000 in the latest week
The ISM-Chicago's purchasing managers index climbed to 60.4% in September from 56.7% in August,

Wednesday, September 29,
Auction Prices for 5 and 7 year treasuries were little changed today.
Our best 30 yr 30 day Lock Rate today was: Rate 4.000% Point 0.875, APR 4.129%

Tuesday, September 28,
Standard & Poor's/Case-Shiller 20-city home price index showed that home prices declined 0.1 percent in July from June.
The Conference Board said September consumer confidence fell sharply from August and was well below forecasts.
Our best 30 yr 30 day Lock Rate today was: Rate 4.000% Point 0.750, APR 4.118%

Friday, September 24,
New Orders for Durable Goods fell 1.3% in July.
Sales of new homes remained unchanged at a record low in August
Our best 30 yr 30 day Lock Rate today was: Rate 4.000%  Point 1.000, APR 4.129%

Thursday, September 23
New claims for unemployment benefits rose 12,000 to 465,000 last week,
Sales of existing homes rose 7.6% in August,
Our best 30 yr 30 day Lock Rate  today was: Rate 4.000%  Point 0.875, APR 4.175%

Wednesday, September 22
The MBA mortgage purchase applications index fell 3.3% to 177.6.
Today, our best 30 yr 30 day Lock Rate was: Rate 4.000%  Point 1.125, APR 4.171%

Tuesday, September 21,
Housing starts increased more than expected in August to their highest level in four months and permits for future home construction also rose.

Monday, September 20
No economic news is scheduled that could effect mortgage rates.

Friday September 17,
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in August on a seasonally adjusted basis

Thursday, September 16,
More progress on the labor front, as initial jobless claims fell 3,000 to 450,000 and continuing claims dropped 84,000 to 4.49 million last week.  Mortgage rates rose on the news but settled back once it was digested.

Wednesday, September 15,
Industrial production rose 0.2 percent in August which was good news for the economy and not so good for mortgage rates.

Tuesday, September 14,
Monthly Retail Sales increased 0.4 percent over July

Friday, September 10,
Thursday MBS prices (FNMA 30 Yr, 4.0%) closed below their 20 day moving average and the move was confirmed today.  This almost always indicates a market turn, in this case higher rates.

Thursday, September 9,
Weekly jobless claims fell more than expected, down 27K to 451K against expectations of a slight 2K decline; last week's claims were revised up, from 472K to 478K.   Good economic news is generally bad news for mortgage rates.

Wednesday, September 8,
The Conference Board Consumer Confidence Index® which had declined in July, improved moderately in August.
Today's best Fixed mortgage rate for a 30 day lock: 4.000% 1.25 point, APR 4.192%

Tuesday, September 7,
3 Year Treasury Note yield came as expected with a yield of 0.79%
Tuesday's best Fixed mortgage rate for a 30 day lock: 
 4.000% 1.125 point, APR 4.182%

Friday, September 3,
MBS prices dropped sharply causing mortgage rates to jump this morning after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast.

Thursday, September 2,
Much news this morning that effected Mortgage Rate Lock Advice
Pending home sales rise 5.2 percent in July.
The productivity of American businesses fell a revised 1.8% in the second quarter, the biggest drop in almost four years and twice as much as the government initially reported,
Weekly Jobless Claims were better than expected.
Our best Fixed mortgage rate for a 30 day lock: 4.000% 1.250 point, APR 4.193%

Thursday, September 2,
Lots of news coming this morning.  Pending Home Sales, Revised Productivity, Unit Labor Costs, Weekly Jobless Claims and Factory Orders.  Unit Labor Costs and Weekly Jobless Claims can have the largest effect on Mortgage Rates.

Wednesday, September 1,
U.S. construction spending fell more than expected in July to its lowest rate in 10 years, 

Manufacturing in the U.S. expanded at a faster pace than the August forecast, signaling the industry that led the recovery will keep it from faltering.  The good news boosted mortgage rates and stock prices.

Tuesday, August 31,
Consumer confidence rose to 53.5 in August, up from 51.0 in July 

Monday, August 30,
Personal income and Personal Spending came in close to expectations so their effect on mortgage rates will be nil.

Friday, August 27,
This morning, second quarter GDP was revised  up from the consensus forecast of 1.4% to 1.6% from the first 2.4% amount, MBS markets fell after the results came out.

Thursday, August 26
This morning, weekly Jobless Claims fell to 473K, below the consensus forecast of 485K. Once again weak economic data is helping today's mortgage rates.

Wednesday, August 25,
July Durable Orders rose 0.3%, far below the consensus forecast of 2.5% and  the weaker than expected economic data is helping MBS markets this morning. .

Tuesday, August 24,
Existing Home Sales are much lower than expected and the report is hurting stocks and helping morgage rates this morning.

Friday, August 20,
There is no economic news scheduled that will effect mortgage rates.
MBS Prices, converted to Points, closed up 0.16 point for the week.

Thursday, August 18,
Jobless claims increased again and the August Philly Fed
business index confirmed that the economic recovery has stalled.  Today's poor economic news helped Mortgage Rates.

Tuesday, August 17
Housing Starts 546K,  555K was expected
PPI 0.2%, 0.2% was expected
Core PPI 0.3%, expected 0.1%

Monday, August 16,
The Empire State index came in a little lower than expected

Friday, August 13
Lots of news today that could have effected Mortgage Rates but there were no surprises.
Core CPI, Retail Sales, Retail Sales ex-Auto  all came in close to expectations, Consumer Sentiment also came in close to expectations.

Thursday, August 12,
The Jobless Claims average was up again, higher than expected.

Wednesday August 11
The Trade Deficit was larger than expected which is bad news for the economy and good new for mortgage rates.

Tuesday, August 10,
Productivity is down almost 1% when it was expected to be up 1% without much effect on mortgage rates.

Friday, August 6,
Unemployment Rate came in at 9.5% as expected.
July Non-Farm Payrolls fall more than expected which accounts for stocks and mortgage rates being down today.

Thursday, August 5
FHA Set To Increase Annual Mortgage Insurance Premium (MIP) from 0.55% to 1.55%
Congress passed bill and Obama is expected to sign. FHA Commissioner Dave Stevens said said he will use the new authority to raise the annual FHA premium (MIP) to around 0.90% and lower UFMIP to around 1.00%, following an increase in UFMIP to 2.25% from 1.75% earlier this year.
Read Official HUD Notice
Jobless claims came in at 479k and higher than expected.  The news seems to be helping mortgage rates so far this morning.

Tuesday, August 3
Personal Income came in a little lower than expected.
Pending Home Sales Index June improved to -2.6% from -30.0%
Factory Orders improved slightly from -1.4 to -1.2

Monday, August 2
The ISM Index indicated manufacturing improved more than expected.
Construction Spending indicates improved new construction.
Good news for the stock market and not so good for mortgage rates.

Friday, July 30
Advance Gross Domestic Product (GDP) is 2.4% about as expected.
Consumer Sentiment is 37.8% a little better than the expected 37.5%
Chicago PMI is 62.3 and better than the expected 56.0.

Thursday, July 29
Jobless claims were 3,000 less than expected.
Our best 30 year Fixed rate: 4.25%, 0.125 point, 4.317% APR

Wednesday, July 28
June Durable Orders declined -1.0% from May,
Our best 30 year Fixed rate: 4.25%, 0.125 point, 4.317% APR

Tuesday, July 27
Consumer Confidence report showed it slightly lower than expected.
Tuesday's best 30 year Fixed rate: 4.25%, 0.375 point, 4.339% APR

Monday, July 26
New Home Sales report shows sales are up 24%.
Monday's best 30 year fixed rate: 4.25%, 0.375 point, 4.362% APR

Friday, July 23
No economic data is scheduled today that would affect mortgage rates.

Thursday July 22
Jobless Claims were 464k, higher than the expected 450k..
June Existing Home Sales fell 5% to 5.37M,

Wednesday, July 21
No economic data will be released today.  Fed Chief Bernanke will deliver the semi-annual testimony to Congress at 2:00 PM ET

Tuesday July 20,
Housing Starts came in at 549k, below expectations

Thursday, July 15,
Today's Producer Price Index (PPI) is -0.5%, -0.1%  was expected
Core PPI  came in as predicted
Jobless Claims came in at 429K where 450k was expected

Wednesday, July 14
Import Prices ex-oil  were down
Retail Sales are down more than expected

Tuesday, July 13
Trade Balance came in lower than expected .

Friday, July 9
No economic date is scheduled today that could affect mortgage rates.

Thursday, July 8
Jobless claims were down 18,000 and slightly lower than expected.  The good news pushed mortgage rates up a bit during the day.

Friday, July 2
The economy lost 125,000 jobs in June, which was close to expectations.  The private sector added 83,000 jobs and 225,000 census workers lost their temporary work.

Thursday, July 1
Jobless claims came in higher than expected.
Construction Spending and  Pending Home Sales were less than expected.
ISM Index was also less than anticipated. 
Typically, poor economic news is good for mortgage rates.

Wednesday, June 30
Chicago PMI came in at 59.1 as expected and indicates an expanding economy.

Tuesday, June 29,
Consumer Confidence was lower than expected.
The April Case-Shiller 20-city home price index showed a rise of 0.8% from March, the first monthly increase since September.

Monday, June 28
Personal Income came in close to expectations. 
MBS prices closed up 16/32 and many lenders improved their mortgage rates midday.

Friday, June 25
Consumer Sentiment rose to the highest level since January 2008.

Thursday, June 24
Durable Orders were -1.1% when they ware expected  to be 2.8%
Jobless Claims improved slightly.

Wednesday,  June 23
New Home Sales dropped 33% from April, far below the consensus.

The Fed made no change in the fed funds rate and Mortgage rates showed little reaction.

Tuesday, June 22
Existing Home Sales came in at 5.66M which was lower than expected.

Thursday, June 17
CPI inflation came in close to expectations with almost no effect on mortgage rates..

Wednesday, June 16
Lots of news this morning and, so far, it has not significantly impacted mortgage rates.
May PPI fell -0.3% from April due to a decline in energy prices
PPI was 5.3% higher than one year ago
Core PPI  was 1.3% higher than one year ago.
May Housing Starts fell 10% to 593K.
Building Permits declined 6% to 574K, the lowest level in a year
The Mortgage Bankers Association weekly purchase activity index rose 7%, while the refinancing activity index increased by 21%

Tuesday, June 15
The Empire State index came in close to expectations

Friday, June 11
MBS prices jumped  when Retail Sales came in lower than expected, lowering mortgage rates slightly at opening.

Thursday, June 10
Jobless claims came in at near expectations. 
MBS prices dropped 25/32 causing several lenders to increase their mortgage rates mid day.

Friday, June 4
May Employment report showed a 431K job increase, which was lower than expected

Thursday, June 3
Lots of news that had no real effect on mortgage rates:
Jobless Claims came in close to expectations.
First quarter productivity was revised lower to 2.8% from 3.6%
The Fed's  Lockhart said the Fed may have to begin hiking rates even while unemployment is considerably higher than before the recession.
Factory Orders were 1.2, close to expectations
ISM Services Index, 55.4 as predicted

Wednesday, June 2
April Pending Home Sales rose 6%, which was higher than expected

Thursday, 12/23/2010
Labor Department figures showed First-time filings for Jobless Benefits declined by 3,000 to 420,000 in the week ended Dec. 18.
The Commerce Department released report showed that Personal Income rose by 0.3 percent Personal Spending increased by 0.4 percent in November.
The labour department said that initial Jobless Claims fell by 3,000 to 420,000
Best 30 yr Mortgage, 30 day Lock rate: 4.500%, Point 1.125, APR 4.656%

Monday, 12/27/2010
Today, no financial news is scheduled that will effect mortgage interest rates

Thursday, 12/23/2010
Labor Department figures showed First-time filings for Jobless Benefits declined by 3,000 to 420,000 in the week ended Dec. 18.
The Commerce Department released report showed that Personal Income rose by 0.3 percent Personal Spending increased by 0.4 percent in November.
The labour department said that initial Jobless Claims fell by 3,000 to 420,000
Best 30 yr Mortgage, 30 day Lock rate: 4.500%, Point 1.125, APR 4.656%

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