logologologologo
  • Buying
    • Property Search
    • Our Communities
      • Atlantic Highlands
      • Fair Haven
      • Highlands
      • Little Silver
      • Long Branch
        • Long Branch Condos
      • Monmouth Beach
      • Oceanport
      • Red Bank
      • Rumson
      • Sea Bright
        • Chris’ Landing – Sea Bright, NJ
        • Sea Bright Condos Grand Pointe
    • Signup for Listing Alerts
    • Featured Listings
    • Resources
      • Golf Courses in New Jersey
      • Monmouth County Chambers of Commerce
  • Selling
    • List With Gloria
    • Blog For Sellers
    • Selling Your Home – Negotiating
    • Moving Checklist
  • Buzzzzzzz
    • Market Buzz
    • Listings Buzz
  • Blog
  • About
    • Trustimonials
  • Contact
    • Contact
    • Book a Consultation

This Week; markets await the decision from the FOMC meeting that ends Thursday. It appears markets are evenly divided about what the Fed will do. Another easing from the Fed is likely given the sluggish economy, the question is when—now or in October. Treasury will auction $66B of notes and bonds starting Tuesday through Thursday; 3 yr, 10 yr and 30 yr bond. Economic data this week is thin until Friday with August retail sales, industrial production, factory usage and August CPI.

The recent rally in the mortgage markets driven by the 10 yr note has stalled. After falling frm 1.86% on the 10 yr down to 1.55%, rates have edged back up slightly with the 10 yr at 1.67%. MBS prices also well off their best levels. It is a waiting game this week until the FOMC policy statement at 12:30 Thursday then Bernanke will hold a press conference at 2:15 Thursday. Technical look OK in the bond and mortgage markets to start the week, however the recent selling last Thursday and Friday have lessened the bullish bias somewhat. Look for possible price volatility this week as markets continue to handicap a Fed easing. If, or when, the Fed eases we expect they will increase purchases of MBSs to keep mortgage rates from increasing much. That said, even the recent low rates hasn’t increased re-finances or [purchases according to the MBA weekly mortgage applications data.

Share

Related posts

June 30, 2025

Multi-Generational Homebuying Hit a Record High – Here’s Why


Read more
June 26, 2025

What Every Homeowner Needs To Know In Today’s Shifting Market


Read more
June 25, 2025

Think It’s Better To Wait for a Recession Before You Move? Think Again.


Read more

Search

Categories

  • Buzz!
  • First Time Home Buyers
  • For Buyers
  • FOR SELLERS
  • Jersey Shore Real Estate
  • Listings
  • Market Buzz

Archives

COMPASS RE
623 River Road, Fair Haven, NJ 07704
o: 732.936.5248
Privacy Policy | Terms of Service | Disclaimer

GloriBee

Gloria Benaroch

Your Trusted Real Estate Advisor Since 1987

[email protected]
Mobile: 732.245.4031
License #: 8935976

  • Instgarm
  • linkedin
  • facebook
  • youtube
Copyright © Gloria Benaroch | All Rights Reserved | Login | Custom Website by Real Estate Tomato