www.metChad.com
Market Insight
Have you metChad?
Market Insight
Have you metChad?
Hope all is well out there! Many of you are telling me that business is starting to pick up as spring is HERE. I have plenty of capacity and am able to take your calls, referrals or inquiries if you have them.
FNMA 4.5% is actually almost dead even with LAST Friday at the bell...and closed up 3 bps on the day. Rates should hold for now. Feds purchased 7.5 BILLION in T-bills today...hmm.
Dow: was subject to the usual profit taking for the weekend and was down about 149 points at the close.
DJIA 7,776.18 -148.38 NASDAQ 1,545.20 -41.80 SP500 815.94 -16.92
"PCE" or Personal Consumption Expenditures showing that inflation is still in line. (Remember that this is a measurement of expenses in a household including goods and services.)
The Consumer Sentiment Index actually came in just a little better than expected today...which is good news. What is it? It is a survey of 500 individuals on their personal finances and takes into account opinions on the state of the economy. The survey looks at their impressions on the economy NOW and in the future both. It is interesting to see that sometimes future retail sales reports and PCE reports can be "predicted" in a way by the "feeling" of consumers that is attempted to be measured here.
Have a great weekend!
FNMA 4.5% is actually almost dead even with LAST Friday at the bell...and closed up 3 bps on the day. Rates should hold for now. Feds purchased 7.5 BILLION in T-bills today...hmm.
Dow: was subject to the usual profit taking for the weekend and was down about 149 points at the close.
DJIA 7,776.18 -148.38 NASDAQ 1,545.20 -41.80 SP500 815.94 -16.92
"PCE" or Personal Consumption Expenditures showing that inflation is still in line. (Remember that this is a measurement of expenses in a household including goods and services.)
The Consumer Sentiment Index actually came in just a little better than expected today...which is good news. What is it? It is a survey of 500 individuals on their personal finances and takes into account opinions on the state of the economy. The survey looks at their impressions on the economy NOW and in the future both. It is interesting to see that sometimes future retail sales reports and PCE reports can be "predicted" in a way by the "feeling" of consumers that is attempted to be measured here.
Have a great weekend!
--
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
