• 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

Board of Governors of the Federal Reserve System – Press Release

Press Release Release Date: May 1, 2013 For immediate release Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown some improvement in recent months, on balance, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened further, but fiscal policy is restraining economic growth. Inflation has

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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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CLOSING TECHNICAL SIGNAL & MARKET WRAP

CLOSING TECHNICAL SIGNAL: Today’s candle again shows indecision but in the face of a 500 point rise for the Dow, the 3.5% coupon showed amazing resilience. We will continue to Cautiously Float. MARKET WRAP: Stocks surged today on Wall Street as the Dow rose a little over 4%, fueled by the global central bank liquidity announcement, the strong ADP report, better than expected Pending Home sales and a solid report from

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The Market Wrap Report by Christian Penner

The Market Wrap Report given to you by Christian Penner Mortgage Broker West Palm Beach: CLOSING TECHNICAL SIGNAL: The Bears pushed MBS lower today after the Bearish Evening Pattern formed on Friday. But the losses were moderate compared with the drubbing that Treasury securities took. Look for sideways to lower for MBS. MARKET WRAP: Talk that European officials said that the European Investment Bank (EIB) would issue special bonds and buy up distressed

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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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