Weekly Market Update from Curt and Shannon




September 19, 2011


The Dalpiaz Team
Curt and Shannon
141 S. McCormick Street
Suite #107
Prescott, AZ 86303

Hello Brad,

As always, my goal is to make sure that you have the best resources and information at your fingertips on an ongoing basis. Identifying potential risks and challenges in an ever-changing economy is the best way to improve real estate transactions.

Each day, I steadily monitor the market so that you can rely on the best mortgage solutions for your customers. It's always a pleasure to make a difference.


Curt and Shannon




Central Banks Aid European Banks



Average 30 yr fixed rate

Stocks (Weekly)


August Retail Sales were flat from July

In July, employers posted the most job openings since August 2008

It was reported that China is in talks to purchase Italian bonds

Oil prices rose above $90 per barrel to the highest level since August 3


This week: +0.10%


Dow: 11,450 +450




Last week: -0.02%


NASDAQ: 2,600 +125



Investors grew a little less concerned about Europe during last week, which was favorable for the stock market but negative for mortgage rates. Last week's inflation data also was unfavorable for mortgage rates, and rates ended the week a little higher. This movement differs from Freddie Mac's highly publicized weekly average rate which reported that a new low was reached for the week ending September 15. The reason is simply that the Freddie Mac survey is conducted early in the week and does not reflect the change in rates which takes place later in the week.

On Thursday, five major central banks, including the European Central Bank (ECB) and the US Fed, announced that they will offer a lending facility for European banks seeking short-term liquidity. This aid reduced concerns about the region and encouraged investors to shift to riskier assets. In typical fashion, the stock market was a major beneficiary, while bonds markets suffered losses.

Inflation is on the rise. The August Consumer Price Index (CPI) rose more than expected from July and was 3.8% higher than one year ago. Core CPI, which excludes food and energy, was up 2.0% from one year ago. Late in 2010, Core CPI was increasing at just a 0.8% annual rate. The August Core Producer Price Index (PPI) was up an even higher 2.5% from one year ago. With a highly anticipated FOMC meeting next week, Fed officials must factor in higher inflation levels as they consider additional stimulus measures.

The biggest economic news this week will be Wednesday's Fed announcement. Fed officials are divided about whether to ease monetary policy further and investors will be very eager to hear the decision. The Economic Calendar will be light. Housing Starts will be released on Tuesday. Existing Home Sales will come out on Wednesday. Leading Indicators will be released on Thursday.




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.


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