Danny Salas

Archive for April, 2010

Chico, CA Interest Rates Market Report – Economic Influences – April 2, 2010

Rates Have Increased 1/2%

Biggest Job Gains In Three Years!

162,000 new jobs were created, last month, and revisions to the two previous months’ numbers, painted a brighter number than originally reported.  This number falls short of the reported 190,000+ jobs that were expected, however, the government reported that they only hired about 48,000 temporary census workers.  So, had they hired the originally anticipated 75,000, we would have been right in line with expectations.

Where Rates Have Gone…

So, just as prognosticated, interest rates have moved up 0.5% Point since the government’s $1.25 Trillion Mortgage-Backed Security Purchase Program fell to the way-side.  With a lot of market volatility, expect the trend to continue, for higher interest rates.

Good Friday

They day will end early, today, in observance of Good Friday.  Have a blessed Easter, as well.  We’ll see ya Monday!

MBS Purchase Program Ends...

Locking Advice

See pic:

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Chico, CA Interest Rates Market Report – Economic Influences – April 1, 2010

Volatility Is Back With A Vengeance!

The Best Jobs Numbers In Three Years!

That’s what we may see tomorrow.  So, you’d better lock in your interest rate ahead of this news.  Forget the fact that we still will have over 5,840,000 people claiming Emergency Unemployment Compensation (EUC), that’s not even factored into the 4,660,000 plus people who are figured into the continuing Unemployment Claims.  Rates will increase, news stations will celebrate, politicians will be patting their own backs, and for what?  Simply a manner by which we report these statistics, as opposed to the real numbers.

This Is It!

One day at a time…that’s what we’ll have to be prepared for, as the $1.25 Trillion Government Purchase Program for Mortgage-Backed Securities HAS ENDED! In order to attract sideline investors, other than the U.S. Government, yields, and therefore interest rates, will have to be higher.  PERIOD!

Highest Yields Since January 2009

Locking Advice

Refer to paragraph one!

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