Big Week Ahead

Big Week Ahead Ahead of major economic news next week, it was a relatively quiet week for mortgage rates. Mixed economic data and average Treasury auction results provided little direction. As a result, mortgage rates ended the week just slightly higher. The big economic reports this week, New and Existing Home Sales, contained mixed news…

Weekly Market Commentary, By Marc Schliefer, CFP®

The Markets Singing the earnings song… Each year, in January, April, July, and October, most publicly-traded companies announce their corporate earnings results. These announcements can have a dramatic effect on companies’ share prices – and markets – especially when companies don’t meet analysts’ expectations. The way a company’s share price moves after an earnings announcement…

Retail Sales Below Target

Weaker than expected Retail Sales data helped mortgage rates this week. Soothing comments from Fed Chief Bernanke also were a positive influence, and mortgage rates ended the week lower. The monthly Retail Sales report measures spending by consumers, which accounts for about 70% of economic activity. Monday’s report revealed that Retail Sales were higher in…