News for Prescott AZ - AmericanTowns.com

Monday, August 29, 2011

Weekly Market Update from Curt Dalpiaz

 

 

August 29, 2011

 



Curt & Shannon Dalpiaz
Loan Officer Team
141 S McCormick Street
Suite #107
Prescott, AZ 86303
Ph-928-777-8971
curt.dalpiaz@academymortgage.com
shannon.dalpiaz@academymortgage.com


Hello Brad,

As students prepare for a new school year, it brings to mind the old saying that learning never ends. It's especially exciting to learn when you're part of a team. In the classroom or our industry, I'm glad that we're learning together and sharing opportunities for success.

In an ever-challenging economy, my goal is to deliver exceptional financing so that all of your real estate transactions go through without a hitch. You can count on me to be there for you whenever you need assistance. I'm motivated to add as much value as possible.

Sincerely,

Curt Dalpiaz
curt.dalpiaz@academymortgage.com

 

 

 

No Surprises from Bernanke

 

Highlights

Average 30 yr fixed rate

Stocks (Weekly)

 

Second quarter GDP was revised lower from 1.3% to 1.0%

Continuing Jobless Claims fell to the lowest level since September 2008

Moody's downgraded the credit rating of Japan's government debt

The Fed's Hoenig said that he doesn't expect a double-dip recession in the US

 

This week: +0.02%

 

Dow: 11,300 +300

 

 

 

Last week: -0.10%

 

NASDAQ: 2,475 +75

 

 

It was another volatile week for mortgage rates. The primary factors influencing rates roughly offset each other, and mortgage rates ended the week just a little higher.

A wide range of economic news caused investors to either add or reduce risk at a rapid pace last week. News which generally encouraged increased exposure to risky assets helped stocks and hurt mortgage rates early in the week, while the opposite took place later in the week. Mixed US economic data, continued concerns about European debt, a highly anticipated speech from Fed Chief Bernanke, and uncertainty about the impact of Hurricane Irene all contributed to the daily volatility.

In Friday's speech, Fed Chief Bernanke gave no hint of any change in Fed policy, disappointing some investors hoping for looser monetary conditions. He stated that at its September meeting the Fed will consider whether additional monetary stimulus measures are called for, but that fiscal policy changes by lawmakers are needed to help the economy and the labor market. Following the speech, the consensus view is that the Fed is unlikely to make significant policy changes for a while.



The biggest economic report this week will be the important Employment data on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Before the employment data, Pending Home Sales, Core PCE inflation, and Personal Income will be released on Monday. Chicago PMI Manufacturing and ADP Employment will come out on Wednesday. ISM Manufacturing, Construction Spending, and Productivity are scheduled for Thursday. Factory Orders and Consumer Confidence will round out a busy week.

 

 

 

The market commentary material provided is from a third party vendor, MBSQuoteline, and is not necessarily the opinions of the sender or the organization they represent. This information is intended for educational purposes only and should not be construed as investment and/or mortgage advice. Additionally, the material is deemed to be accurate and reliable, but there is no guarantee it is without error.

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All products are subject to credit and property approval. Program terms and conditions subject to change without notice. Not all products are available in all states or amounts. Other restrictions and limitations apply.

Academy Mortgage Corporation
1218 East 7800 South #100
Sandy, UT 84094
p. 801-233-3700

Equal Housing Lender


Company NMLS ID # 3113 LO License #912852 Company License # 0904081 LO NMLS #243638


© 2011 LoyaltyExpress

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

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