East Bay Mortgage & Market Update for April 8th 2011
By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
East Bay Mortgage & Market Update for April 8th 2011 Economic News: A very quiet week on the economic front is coming to a close. Jobless Claims were reported yesterday better than expected. The four week moving average also continued the downward trend. The employment market has been moving in a positive direction and at this point it is unknown when/if the disruptions in the Japanese supply chain will have any negative consequences for the jobs recovery. Crude Oil has marched higher this week and is currently trading at $112.68 per barrel. Next week’s calendar is full of data so we could see a trend developing in the near term direction of interest rates. Mortgage Markets: The Treasury and Mortgage Backed Securities markets are losing ground and interest rates are moving up slightly...
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