Market Insight
Have you metChad?
FNMA 4.5% underwater today and closing out DOWN 25 bps on the session.
DOW was UP 76 points after struggling most of the day.
One analyst mentioned an interesting perspective: people cashing out for money to spend this holiday season? Hmm...
Reports from today:
ISM index...a manufacturing index came in much higher than expected showing that manufacturing is UP. It also suggested that manufacturers are hiring.
Pending Home sales report was UP over 6% which was much better than expected. The thought is that many people were looking to get in on the tax credit before its current incarnation expires. This is the 8th month in a row and the best reading since December of 2006!
This is a fed meeting week. We wait until Wednesday to get an idea of what they were talking about. There shouldn't be any surprises but the markets could react.
REMEMBER WE DO RURAL DEVELOPMENT LOANS along with FHA, VA and Conventional lending. I am excited to announce that our processors Kerensa Robinson and Amanda Allsop are now licensed underwriters operating out of our local branch right here in Bozeman, Montana. Congrats Amanda and Kerensa!
Okay so the report was not "dirty" as the subject line suggests...but quick.
Have a great eve!
Chad
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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
