Orlando Mortgage Blog

NORTH SHELLS SOUTH

November 23rd, 2010 9:57 AM by BILL WILBANKS

 

Once again the N. Korean mental midget has decided to use Gunboat diplomacy to sidestep current issues such as the news yesterday exposing the latest nuclear plant and the market has reacted this morning by falling over 100 points on the news. The yield on the 10yr T-Note is down as well to 2.7475% after closing yesterday at 2.8074%. If this holds I would expect to see lender downward price (points) adjust by 0.25% +/- this morning. On top of the Ireland question over the weekend it's just another wait and see moment.   

Today's events: Existing home sales, 5-yr T-Note auction, FOMC minutes, FDIC quarterly report on bank earnings
Tomorrow: MBA mortgage apps, durable goods orders, personal income and spending, jobless claims, consumer sentiment, new home sales, oil inventories, 7-yr note auction; Earnings from Deere and Tiffany
Turkey Day: Thanksgiving Holiday — All markets closed
FRIDAY: Black Friday — NYSE will have an early close

Posted in:General
Posted by BILL WILBANKS on November 23rd, 2010 9:57 AM

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