Market Analysis

Iron Harbor Mortgage - Market Update 12/16/2009
December 16th, 2009 9:40 AM
Bond markets are flat today.  In economic news, the Nov Consumer Price Index was up .4% (equal to expectations) and the core rate, excluding food and energy was flat (vs expectationsof a .1% increase).  November Housing Starts were up 8.9% (vs expected increase of 9.6%) and Building Permits were up 6.0% (vs expected increase of 3.4%).  Volatility could increase this afternoon after the Fed post meeting statement.  Most analysts, however, are not expecting a change in the Fed language regarding keep rates low for an extended period of time.
Posted by Matthew Breston on December 16th, 2009 9:40 AMPost a Comment (0)
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