Daily Wrap: 6/27/2012. 0 comments ... Meanwhile, the Mortgage Bankers Association is reporting a 7.1 percent drop in weekly mortgage applications last week. Daily Wrap: 6/27/2012
The markets opened sharply lower today, and continued to add to their losses, despite a jobs report from the ADP that was better than expected. 209000 jobs were added in the private sector in March, according to the ADP National Employment Report. Although that number exceeded economists expectations of 200000, it does indicate a slowdown from the prior month. Also on the economic front, the Mortgage Bankers Association is reporting an increase in weekly mortgage applications, which comes after seven weeks of declines. In earnings news, Monsanto (MON) posted earnings which beat expectations, due in part to global demand for corn and strong sales in the US Yahoo (YHOO) announced today it will cut 2000 jobs, which is about 14 percent of its workforce. The company said it expects about 5 million in annualized savings from the job cuts. Tomorrow, we'll take a look at the numbers for jobless claims, chain store sales, as w ell as earnings from CarMax (KMX). This is Sayoko Murase for Passfail.com, taking you behind the ticker. For Passfail.com, Behind The Ticker (TM) Pass Fail News
mortgagethings.blogspot.com Passfail.com News: Daily Market Wrap: April 4, 2012
Daily mortgage rate are something that many home owners do not keep up with. Honestly, it seems that many Americans just take whatever rate that is offered to them that seems acceptable. Prior to the previous week, average rate were quite volatile involving swings as much as a full percentage point in less than a week. This makes it very challenging to decide what a decent rate offer is. Unfortunately, many Americans went to banks and got home loan rates that were much higher than they should have accepted.
When looking at Wells Fargo mortgage rates, you are likely to see quite unusual movement in the month of June. There was actually a two week period in which overall rates moved from 4.8% to 5.59% and back down to 5.39%. This is not good for anyone as the uncertainty pushes people away. Many Americans are afraid to sink their money in the housing market as it is, so fluctuating mortgage rates makes them even more fearful.
The best way to avoid this fear is to educate yourself on the market.
If you know where rates have been and where they are currently, you will have a much better chance at predicting where they are going to go. It is hard to imagine that many Americans who buy a home do not even consider making a mortgage rate prediction before going through the home buying process. Do home owners not realize that they could save over $ 20,000 during the years that they are making a mortgage payment? I guess the answer to that question is no. Find More Daily Mortgage Rates Becoming Less Volatile IssuesQuestion by ms_wheedler: Are you surprised that the Anchorage Daily News endorsed Obama? Quotes from the Anchorage Daily News ...the paper said few would argue that Palin is truly ready to step into the job of being president despite her passion, charisma and strong work ethic. ''Of the two candidates, Sen. Obama better understands the mortgage meltdown's root causes and has the judgment and intelligence to shape a solution, as well as the leadership to rally the country behind it,'' the paper said. http://www.nytimes.com/aponline/washington/AP-Alaska-Endorsement.html?_r=1&oref=slogin Best answer for Are you surprised that the Anchorage Daily News endorsed Obama?:
Answer by Brown9489
Not in the least. THEY of all people know what Palin is capable of.
Answer by lise t
coming from people who really know palin, it's some informed endorsement. but wait for the reps insisting the anchorage daily has been bought. to them, no one can have an opinion if they have not been bought.
Answer by Patty C
I just read the article-to funny! How in the world do McCain/Palin get up every morning and face the world? How could they both not feel totally humiliated?
Answer by Robert K
Not really, she is an embarrassment
Answer by ogreat1...10cent makeover
Well it does surprise me but I agree with them. I'm sure they must have information regarding Palin that justifies the endorsement that we in the lower 48 aren't privy to. Btw check into the Alaska pipeline coming scandal. It's a winner.
Answer by Joan Crawford's Crazy Eyes
Interesting. I guess it just proves you can be well liked on a certain level but your fans still know you are unqualified for a more serious job.
Answer by Brianne
So whats your point? Because the paper is from Alaska? Like there are no democrats up there? Aido- you are so right! That's why I find something like this to be non newsworthy.
Answer by Mercadies2000
It really doesn't take much to amuse those on the left!
Answer by adio_j
What would you expect from a bunch of big city lefties? The media always has hated and mistreated the Republicans. They are probably sexist as well. The real Americans are in the small towns like Homer, Valdez and Ketchikan.
Answer by prosperity
No, they are both arrogant fools..McCain is giving a speech right now in a very dark room...the reporters says "they are hoping this is not a metaphor for the lights going out on his campaign" all he can do is lie & put down people...he keeps saying he has the scares to prove it but why is he on video admitting he crashed his own plane & got captured then gave secrets away to the enemy & now he keeps saying he has scares, what about the POWs he kept from being found? you can look up the videos at Vietnam Veterans Against John McCain.
Answer by Malka Esther
no
Answer by Mr. Bad Day the Plumber
I'm not surprised. While an Alaskan Newspaper is likely to endorse the Alaskan governor for higher office, there is no guarantee. And, having read the endorsement, I gotta say, they make a good case for voting for Obama! Obama in 2008!
No comments:
Post a Comment