Professional Home Staging and Photography Blog: March 2009

Market Update - March 5, 2009

Prices of Mortgage Backed Securities (MBSs) and Treasury bonds rose this morning (rates lower) and pretty much throughout the day on the continuing weakness in the stock markets. In addition, there's speculation that the central banks may increase the purchasing of assets after the Bank of England said it would buy long term bonds after cutting rates 50 basis points. In addition, the employment report is due out on Friday

The Treasury Dept announced that $63 billion of T-bills will be auctioned next week, following $94 billion of sales last week. Also the Fed reported they purchases $59 in MBSs, more than double of any previous period.

 

East Bridgewater, MA 02333
Phone: (508) 443-1332

Lew Corcoran, ASP®, IAHSP, IAHSP-CB
Accredited Home Staging Professional
Professional Real Estate Photographer

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Comment balloon 0 commentsLew Corcoran, ASP® • March 06 2009 07:37PM
Market Update - March 5, 2009
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Prices of Mortgage Backed Securities (MBSs) and Treasury bonds rose this morning (rates lower) and pretty much throughout the day on the continuing weakness in the stock markets. In addition, there's speculation that the central banks may increase… more
The Daily Mortgage Interest Rate Lock Advisory - March 5, 2009
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Market Update - March 4, 2009
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The Daily Mortgage Interest Rate Lock Advisory - March 4, 2009
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What the Markets Are Doing Today : In a speech before the Central Bank at Tampa, Dennis Lockhart, President of the Atlanta Federal Reserve, says "the U. S. economy is shrinking at a ‘dramatic rate' and prospects for a recovery in the… more
Market Update - March 3, 2009
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Prices of Mortgage Backed Securities (MBSs) and Treasury bonds fell this morning (rates higher) and wiping out most of yesterday's gains on concerns of increased sales of government T-bills. The sales of T-bills are needed to raise capital to… more
The Daily Mortgage Interest Rate Lock Advisory - March 3, 2009
share
What the Markets Are Doing Today : In a speech before the Central Bank at Tampa, Dennis Lockhart, President of the Atlanta Federal Reserve, says "the U. S. economy is shrinking at a ‘dramatic rate' and prospects for a recovery in the… more
The Daily Mortgage Interest Rate Lock Advisory - March 2, 2009
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What the Markets Are Doing Today : Warren Buffet said the economy is in "shambles" and that it will be for at least another year. Insurance giant AIG reported a $61 billion 4th quarter loss. AIG will get another $31 billion infusion… more