• 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

The Invisible Threshold

The Invisible Threshold   January 10, 2013 Stocks are beginning the day higher, while Mortgage Backed Securities are off to a rough start.  Yesterday morning’s advice to lock, based upon technical signals, appears to have been on the money. A quick look at the chart shows how the 100-Day Moving Average (MA) has been a tough ceiling of resistance, and prices are backing off that level this morning.  On the news front, Initial Claims

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Housing Starts in U.S. Rose in June to Highest Since 2008

Housing Starts in U.S. Rose in June to Highest Since 2008 Beginning construction of U.S. homes rose more than forecast in June to the fastest rate in almost four years, indicating a brighter outlook for the residential real estate market. Housing starts rose 6.9 percent last month to a 760,000 annual pace after a revised 711,000 rate in May that was faster than initially estimated, the Commerce Department reported today in Washington.

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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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