Market Update

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

Market Outlook

 

Thursday, October 09, 2008                   

 

Price Trend: Negative

Price Volatility:  Very High

Recommendation:  Floating with an Eye on the Market   

_________________________________________________________________

 

Current Conditions:                Today's Economic Data (all times PST)

 

FNMA 5.5          99-23    (-15)                 Jobless Claims                           5:30                 

GNMA 5.5          99-25    (-21)                 Wholesale Inventories                 7:00

10yr Yield          3.762%                                                                                                                                                                        

                                                           

_________________________________________________________________

Commentary:

  

The extreme turmoil in the financial markets picked up right where it left off this morning.  Stocks have been all over the place and bonds are suffering.  Cash is king right now as it seems that everything is being sold.

 

The chart below shows FNMA 5.5 Coupon pricing since yesterday morning.  The black lines represent the approximate time when most of the pricing on your rate sheets is set.  That's a drop of one full point from yesterday at 7:00 to today at 7:00. 

 

 

This Week's Calendar

Click on a "Release" for Insight

Date

ET

Release

For

Actual

Briefing.com

Consensus

Prior

Oct 07

14:00

FOMC Minutes

Sep 16

 

 

 

 

Oct 07

15:00

Consumer Credit

Aug

 

NA

$5.0B

$4.6B

Oct 08

10:00

Pending Home Sales

Aug

7.4%

 

-1.2%

-3.2%

Oct 08

10:35

Crude Inventories

10/04

 

NA

NA

NA

Oct 09

08:30

Initial Claims

10/04

478K

NA

475K

497K

Oct 09

10:00

Wholesale Inventories

Aug

0.8%

NA

0.4%

1.4%

Oct 10

08:30

Export Prices ex-ag.

Sep

 

NA

NA

NA

Oct 10

08:30

Import Prices ex-oil

Sep

 

NA

NA

NA

Oct 10

08:30

Trade Balance

Aug

 

NA

-$59.0B

-$62.2B

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


close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
246,558

Rich Sellers

Realtor DRE#01148405
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the robot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Lake Arrowhead luxury lifestyle