Realtor mortgage rate indicators

Wednesday, September 23, 2009 7:20 AM
Price Trend: Negative
Price Volatility: High
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Current Conditions:
FNMA 4.5 100-14 (-4)
GNMA 4.5 100-22 (-4)
10yr Yield 3.452
Today’s Economic Data (PST)
FOMC Policy Announcement 11:15
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Commentary:
The market is lightly traded this morning as everyone awaits the FOMC announcement. There is also a 5 yr
auction this morning which could put more pressure on bonds. Yesterday’s 2yr offering was absorbed pretty
easily and the hope is that today’s supply will be met with the same demand.
Mortgage applications increased last week. We usually don’t talk much about this data because weekly
numbers are inherently volatile, but it’s the only data we have so… Applications reached their highest level
since May. The increase was mostly due to an increase in refinance transactions.
This Week’s Economic Calendar (All times Eastern)
Date Time Event Survey Actual Prior
09/21/2009 10:00 Leading Indicators AUG 0.70% 0.60% 0.60%
09/22/2009 10:00 House Price Index MoM JUL 0.50% 0.30% 0.50%
09/23/2009 07:00 MBA Mortgage Applications
18-
Sep - - 13.00% -8.60%
09/23/2009 14:15 FOMC Rate Decision
23-
Sep 0.25% - - 0.25%
09/24/2009 08:30 Initial Jobless Claims
19-
Sep 550K - - 545K
09/24/2009 08:30 Continuing Claims
12-
Sep 6190K - - 6230K
09/24/2009 10:00 Existing Home Sales AUG 5.35M - - 5.24M
09/24/2009 10:00 Existing Home Sales MoM AUG 2.10% - - 7.20%
09/25/2009 08:30 Durable Goods Orders AUG 0.40% - - 4.90%
09/25/2009 08:30 Durables Ex Transportation AUG 1.00% - - 0.80%
09/25/2009 10:00 U. of Michigan Confidence
SEP
F 70.5 - - 70.2
09/25/2009 10:00 New Home Sales AUG 440K - - 433K
09/25/2009 10:00 New Home Sales MoM AUG 1.60% - - 9.60%