• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Market Recap – Week Ending Friday, October 05 2012: Mortgage Rates, MBS & The Unemployment Rate

Market Recap – Mortgage Rates, MBS & The Unemployment Rate An improving US economic outlook and increased optimism about Europe were unfavorable influences on mortgage rates this week. Fed purchases of mortgage-backed securities (MBS) under QE3 helped offset the losses, though. As a result, after several weeks of declines, mortgage rates ended the week just slightly higher. Friday’s Employment report was the big news this week. Against a consensus forecast of 120K,

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CLOSING TECHNICAL SIGNAL & MARKET WRAP

Mortgage Broker West Palm Beach shares it by the numbers: CLOSING TECHNICAL SIGNAL: MBS hit resistance and fall.Bonds face government auction announcements of 3 and 10 yr notes and 30 year Bond on Thursday to be auctioned next week and a speech by Fed Chairman Bernanke on Thursday. Bonds could pull back as the week progresses. MARKET WRAP: Stock markets plunged at the opening bell and slipped further as the day progressed.

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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