Archive for May, 2009
Thursday, May 21st, 2009
Positive data and hopeful testimony from Treasury Secretary Tim Geithner at 10 am haven’t been enough to push markets higher following a lower opening on Thursday. Investor sentiment remains weary from Wednesday’s slide and a sour Jobless...(read more)
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Thursday, May 21st, 2009
Long term mortgages rates declined slightly last week although none reached the record lows that were established a few weeks ago According to results of Freddie Mac’s weekly Primary Mortgage Market Survey for the period ended May 21, the 30-year...(read more)
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Thursday, May 21st, 2009
Treasury Secretary Timothy Geithner said the Troubled Asset Relief Program was “proving effective” in stabilizing the financial system, but he said Treasury must strike a “delicate balance” between market forces and government...(read more)
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Wednesday, May 20th, 2009
Mortgage Loan Applications increased 2.3% in the week ending May 15, according to the Mortgage Bankers Association on Wednesday morning. The private industry group said their weekly index ― the Market Composite Index, which began in 1990 ― is now at 915...(read more)
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Tuesday, May 19th, 2009
Following a 3% gain on Monday, the S&P 500 is about neutral after the first hour of trading on Tuesday, a fitting response to a better than expected earnings report from Home Depot contrasts with worse than anticipated housing data. As of 10:30 am...(read more)
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Tuesday, May 19th, 2009
A government survey measuring new residential construction came in much weaker than forecasts on Tuesday, as plans to build multiple-unit condos plummeted in April. Housing starts ― plans for building new homes ― fell dramatically by 12.8% in April to...(read more)
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Monday, May 18th, 2009
CONTENT UPDATE : According to HUD this program has been "suspended until further notice". A new twist to the nation's economic stimulus program may make it easier to turn an $8,000 tax credit into a first-time home. Under a decision announced...(read more)
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Monday, May 18th, 2009
After falling a little more than 5% last week, the S&P 500 opened 11 points higher Monday morning, and roughly 90 minutes into the session had edged up 1.75% to 898.3. Similar patterns were seen in the Dow, which climbed 1.67% to 8407, and the Nasqaq...(read more)
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Friday, May 15th, 2009
It’s been a volatile morning for markets. The Dow has dipped into negative four times in the first 90 minutes of trading, but all three indexes look poised to end Friday on a high note. As of 11 am, the Dow is up 0.58% at 8379, the S&P 500 is...(read ...
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Thursday, May 14th, 2009
Mortgage interest rates changed very little during the week ended May 14 according to data released Thursday morning by Freddie Mac. Results of the corporations weekly Primary Mortgage Market Survey placed the average interest rate of the conventional...(read more)
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