Danny Salas

Chico, CA Interest Rates Market Report – Economic Influences – September 28, 2009

It’s Yom Kippur

Congratulations to our Jewish friends that are celebrating this holiday, today.  Generally, holidays are light trading days, and light trading days can be extremely volitile.  So, I hate to be so repetative, however, it’s a good idea to keep your finger on the “lock” button.

Slow Day

Not much economic activity to report on today, however, the rest of the week will be full of information.  One important note is that the Fed will be making another annoucement regarding the Treasury Auctions.  The annoucements have hurt interest rates, in the past.  However, the actual auctions themselves, have been quite promissing for interest rates, as of late.  It will be interesting to see how the market plays out, after the Feds annoucement last week, regarding the winding down of the Mortgage-Backed Securities Purchase Program, scheduled to occur the first quarter of 2010.

Related Must Reads

August 26, 2009 – Read about Treasury Auctions
The Start of The Auctions in 2008

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This entry was posted on Monday, September 28th, 2009 at 8:31 am and is filed under Chico Home Loans, Home Buying, Interest Rates. 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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