Last week was a very good one for the interest rate markets. The 10 yr yield declined 20 basis points, mortgages were down about the same. The wasn’t much in the way of economic data to focus on; what there was presented a mixed picture. Weekly jobless claims fell 52K to under 600K for the first time in months (565K); it was however somewhat dismissed by traders as the seasonal factors of auto worker layoffs and the 4th of July holiday on the 3rd distorted the data. Continuing claims continued to increase to a new record of 6.883 mil, increasing continuing claims is evidence there are no new hirings. The other data of interest; the U. of Michigan consumer sentiment index plunged for the first time since Feb to 64.6 frm 70.8 and the yr ahead outlook continued to fall, from 75 a month ago to 63. All point to no economic rebound as most analysts and economists are believing.
This week; economic data will be the focus; no more Treasury supply to worry about for two weeks. Nothing much on Monday, but each day thereafter has meat. Tuesday June PPI and June retail sales; PPI isn’t much to be concerned about as inflation fears have deteriorated recently, retail sales however will be closely watched as a measurement of spending. Wednesday June CPI, again not too concerning; Wednesday also brings measurements on industrial production and factory usage. Factory use (Capacity Utilization) is at historic lows, anymore decline will cement the idea of a speedy economic rebound.
Thursday has weekly jobless claims, we expect claims to jump substantially from last week’s decline. Also Thursday another report on the business sector with the July Philadelphia Fed business index. Friday June housing starts and permits; with housing at the core of any immediate economic rebound markets will key on it. However, housing starts and permits won’t show much improvement, if any at all.
Technically the bond and mortgage markets booth have positive readings and will likely continue. Our immediate concern is that the 10 yr not and mortgages may be settling into a trading range; between 3.25% and 3.50% on the 10 yr note (Friday’s close 3.30%) and mortgage in their 30 to 50 basis point range
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You might have already heard about HVCC or the Home Valuation Code of Conduct. But you might be wondering “what exactly is HVCC?” “How does it affect me?
Recently, with the issue of HVCC, I cannot imagine anyone being able to separate the question “what is the value of my home?” from the implications of HVCC.
A petition to request permanent reversal of the HVCC was created by thinkbigworksmall.com. You can sign the petition request the permanent reversal of the HVCC here: http://www.hvccpetition.com/
If you don’t, you’re not the only one. But hopefully, the video overview of how to use twitter will somehow help.
Just a few days ago, I signed up with Twitter. I don’t know much about it apart from what people say about how a great social networking tool it is, so I opted to give it a try. With my limited knowledge of Twitter right now, it seems to me that it’s a pretty shortened version of a blog. Now this is a great advantage for people like me who are not used to blogging and thinking…”What do I have to write about now?”
My initial impression of Twitter: I don’t get it.
But I’m beginning to see the potential here. It appears to be a quick and easy way to get and stay connected. I just posted my second “tweet” or update, saying that I’m updating my blog and that I will be offering some money-saving coupons soon. Short and sweet. Just how I like it.
Anyway, for those of you who are looking for a video overview of twitter’s features, just check out the video from Howcast below. Feel free to comment as well, and let us know how you use twitter.
And I think I should I say - for the sake of following networking principles, pls “Follow me on Twitter”
Want to know the features of the New Firefox 3.5? Just watch the Firefox 3.5 video I’ve embedded below.
Video showing the Features of the New Firefox 3.5
I’ve always been a fan of Mozilla Firefox. Until about 7 years ago, I’ve been using Internet Explorer as my browser. Now, I can’t say I’m a techie… I’m saying this just from experience- that for some reason, I find more crashes or frozen pages when I use Internet Explorer. I even remember having a lot of problems with unwanted pop-ups then with I.E. that wouldn’t seem to go away.
Since I switched to Firefox, everything went pretty smoothly. I believe that it’s more stable and has a lot of cool options. So once Firefox 3.5 came out, I viewed the new features and downloaded it immediately. I love especially the feature that I can save a video just like I’m saving an image. So far so good!
It is important to keep abreast of what’s going on in the Real Estate & Mortgage Industry. This section aims to bring you daily headlines regarding real estate trends, mortgage hot topics, and new pertinent development in the field.
In this section of my website, I will share my take on the current trends & issues on home financing. I will also open it for discussion as I’m interested in what you think!
As this is my first website that I created from scratch, I will also share the technologies that I learn along the way, that aid me in reaching more clients and partners through the web.
And finally, I will also share bits and pieces about myself, my family life and all other things that interest me, in an attempt to let my viewers/readers know more about the man behind the profession.
Feel free to tell me what you think. Click on the comments button on the upper right corner of each post.
Thanks for dropping by. I hope you check back soon!
