Danny Salas

Chico, CA Interest Rates Market Report – Economic Influences – Aug 24, 2009

A Lot of Info. Out this Week...But Auctions Are The Key

Nothing Today, But Week Of Info.

No real economic information to report today.  The big news will be the rest of the week.  Coupled with the $109 Billion in Treasury Auctions that we’ll be experiencing.  It would be a wonderful surprise if those auctions faired well, but it’s not expected.  So, Gross Domestic Projuct (GDP), Housing Information, Core Inflation numbers and Consumer Sentiment will all be released this week, and may have an influence on where rates will go.  But the auctions will be the stongest mover of the bond market. 

We’ve Broken Through Most Trend Lines

On Friday, we broke through the 25, 50, 100, & 200-Day Moving Averages.  For a report on Trend Lines, Read August 19, 2008’s Post, explaining how these lines form and influence interest rates.  So, it will be difficult to break back above these strong lines of resisence, however, again, once thrid quarter earnings numbers start to roll out, we expect lower rates.

This entry was posted on Monday, August 24th, 2009 at 7:16 am and is filed under Chico Home Loans, Home Buying, Interest Rates, Weekly Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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