ChadCan.com

Tuesday, March 31, 2009

MetChad.com
Market Insight

Hey all!
Interesting news day...

FNMA 4.0% bond is about flat on the day and has been all day. Rate of 4.625% range should stick for the moment.

Dow is actually on a bounce today and up nearly 170 points. This is interesting to see following the weak economic data out this morning. News of the "semi-nationalization" of GM is also causing mixed reactions. Government is now offering to back the warranties of the company and the company unveiled a plan to "make the payments" for individuals who have lost their job. Both of these things are making GM stock look attractive. There is also a new CEO who promises to "get it done". Not sure what that means...but we will have to see.

Consumer Confidence report also came out (survey of 5000 consumers!) and is showing lower than expectation and lower than last month. This shows that people are still nervous out there...

DJIA 7,689.60 +167.58 NASDAQ 1,542.77 +40.97 SP500 805.90 +18.37

What is it? Chicago PMI... http://www.briefing.com/Investor/Public/Calendars/EconomicReleases/chi.htm

Chicago "Purchasing Managers Index" is thought to be a great indicator on where the manufacturing sector in the economy is heading. It surveys 200 purchasing managers for manufacturers in the Chicago area to decipher whether or not manufacturing is up, down or the same. It looks at new orders, delivery times by vendors to the manufacturer, inventories, prices paid and employment. The Chicago PMI is important only in that it provides the "closest" representation to the ISM index that is generally due out the day after this report. See the link above if you would like more info.

Tomorrow! We will see the ADP employment index, the ISM index and the Crude inventories report come out. These are market movers so it will be interesting to see the ripples as they are presented to the market.

--
Chad Schauers
Have you metChad?
MetLife Home Loans
406.522.0922
406.522.0924 (fax)
1924 W. Stevens, Ste. 202
Bozeman, MT 59718
Cell: 406 799 8613
ccschauers@metlifehomeloans.com

Testimonials!

"...Chad was great! His enthusiasm for what he does put us at ease and made the experience with him memorable." B.L. Great Falls, MT

"Chad and his team are true experts in their field. We felt very comfortable in their care." M.D. Provo, Utah

"I appreciated that Chad takes the time to explain lending concepts that have been brushed over in the past by less knowledgeable loan officers I have dealt with." B.P. Seattle, Washington

"Our loan was complicated, but Chad was able to sort it out with his team and get us closed on time and under budget!" A.T. Bozeman, MT

“Chad's upbeat personality make him a treat to work with. He has always followed through with what he says he'll do and he has been a valuable, active participant in the work that needs to be done.”

“I highly recommend Chad Schauers as a mortgage lender with MetLife Home Loans. Chad is an upstanding individual whose integrity and knowledge of mortgage lending combined with his excellent choice to be affiliated with a great lending institution sets him apart. You will not only receive exemplary service form Chad but have the pleasure of his humor and true interest in you or your client form start to finish!”

Top qualities: Great Results, Personable, Expert

“Chad originated my loan for my home purchase in Mississippi. I thought it might be difficult to work with a loan officer who was not in my city but he made it so easy. I felt like he was close by through the entire process. Everything went smoothly, we closed on time, and the costs associated with the loan were lower than he stated at the beginning. I recommended him a couple of months later to a coworker of mine (remember Cody?) and Chad provided him with the same great experience.”

“Chad knows how to listen, is knowledgeable, has integrity, and is fun to work with. What more could you ask for?”