• 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

One Bad Apple January 24, 2013

One Bad Apple January 24, 2013 Stocks are a bit mixed, due to the decline in Apple, and Mortgage Bonds are lower to start the day. On the economic news front, Initial Jobless Claims were reported this morning, and it was another good number. Claims declined 5,000 to a five year low of 330,000 claims, much better than expected. The Jobless Claims number can be very volatile and sporadic, but this is

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The Fed announcement

The Fed announcement came and went, but by the time the dust settled our 10-yr T-note’s yield really hadn’t changed that much and it closed at 1.64%. The Fed said that there will be no additional MBS purchases but “Operation Twist” is extended in Treasuries. So it will continue to reinvest principal payments from its holdings of agency debt and agency mortgage-backed securities, buying $267 billion more in longer-dated securities

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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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