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  • FHA PROGRAMS NOW AVAILABLE - CALL US FOR A PERSONALIZED RATE QUOTE AT 770-606-0434.

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    Writealoan.com, Inc has been in business for twenty two years. Our consumer direct internet based system allows us to offer you one of the most cost effective and convenient ways to apply for a mortgage Today! We are a Local Lender submit your Quick Application with confidence.




    September 2, 2014

    Today's market Commentary
    Price

    Mortgage bond prices are weaker this morning putting upward pressure on rates.

    The ISM Index was 59 versus the expected 58..

    Stock futures were slightly higher following the extended holiday weekend however the DOW was down 19 points at pricing.

    This week is jobs week with three employment related reports including the heavyweight Bureau of Labor Statistics (BLS) employment report on Friday September 5th. Let your referral partners know this week has the potential for volatility.

    What an interesting world we live in. The Federal Reserve in the US is gearing up to reduce accommodations with talk of increasing interest rates to fend off inflation concerns as the economy improves. The yield on the US 10-year note is currently at 2.35%. Across the pond the situation is almost a mirror opposite. The European Central Bank is considering embarking on quantitative easing to fight deflation as economic activity wanes. The yield on the 10 year German Bund is 90 bps, making the yield on the US Treasury look strong. Not to mention the massive geopolitical issues seen in almost every corner of the globe.

    Event Calendar:
    Tuesday, Sep 2, 2014
    ISM Index @ 10 am et

    Wednesday, Sep 3, 2014
    Factory Orders @ 10 am et

    Wednesday, Sep 3, 2014
    Fed ‚??Beige Book‚?? @ 2:15 pm et

    Thursday, Sep 4, 2014
    ADP Employment @ 8:30 am et

    Thursday, Sep 4, 2014
    Weekly Jobless Claims @ 8:30 am et

    Thursday, Sep 4, 2014
    Trade Data @ 8:30 am et

    Thursday, Sep 4, 2014
    Revised Q2 Productivity @ 8:30 am ET

    Friday, Sep 5, 2014
    Employment @ 8:30 am et


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