The Troia Team
Featured Listings
Categories
- Boulder Subdivisions and Neighborhoods
- Market Watch
- Interesting Homes
- FOMC
- Existing Home Sales
- Housing Starts
- Home How-To
- New Home Sales
- Case-Shiller Index
- Homebuilders
- Rankings
- Home Appliances
- Pending Home Sales
- Mortgage Guidelines
- jobs
- FOMC Minutes
- foreclosures
- Household Finances
- Home Decor
- Credit Scoring
- mortgage rates
- Home Price Index
- Home Improvement
- Retail Sales
- Home Safety
- Tax Tips
- Home Values
- Wall Street
- Budgeting
- Adjustable Rate Mortgages
- Kitchen Gadgets
- FHA Mortgages
- homebuyer tax credit
- Housing Analysis
- Around The Home
- The Economy
- Federal Reserve
- Taxes
- Personal Finance
- Around The House
- Real Estate Definitions
- Statistics
- Around The Hoome
- Buyer's Corner
- Colorado Round Up
- Dakota Ridge Village
- Focus on Boulder
- Home Inspections and Maintenance
- Market Conditions
- Mountain Living
- Real Estate Tales
- Relocating
- REO and HUD Talk
- Selling Thoughts
- The Peloton
- The Senior Network
- Trends
- Wonderland Hills
Troia Team
Local Resources
- About
- About Boulder
- Boulder Community Events
- Boulder County Government
- Boulder Public Library
- Boulder Recycling
- Boulder Senior Services
- City of Boulder
- Down Town Boulder
- Meet the Troia Team
- Open Space and Mountain Parks
- Outside In – Boulder County
Relocation Resources
- Boulder Climate
- Change Your Address On Line
- Cost of Living Comparison
- Home Price Comparison
- Map from DIA to Boulder
- Moving Cost Calculator
- Salary Comparisons
- Weekly Crime Map
School Information
- Boulder Education Center
- Boulder’s Top Rated Schools
- Boulder Valley School District
- School Accountability Reports
- University of Colorado Summer Programs for Kids
- University of Colorado Tour
Sports and Recreation
- Boulder Area Trails Coalition
- Boulder Mountain Bike Alliance
- Boulder Reservoir
- Boulder Running
- Broomfield Event Center
- Colorado 4WD Roads
- Colorado Bicycling Events
- Colorado Guide
- Colorado Mountain Bike Trails
- Colorado Rockies Baseball Schedule
- Golf Colorado
- The Colorado Avalanche
Archives
Weekly Mortgage Market Update
Today’s Market Commentary:
RATES INCREASE SLIGHTLY ON MIXED ECONOMIC DATA
Interest rates increased slightly on the week on a mixed bag of economic data. September New Home Sales actually increased 2.7% and inventories fell
Rates posted on October 31, 2008
to a 10.4 month supply. October Consumer Confidence fell to 38 on expectations that it would fall to 52. September Durable Goods Orders increased 0.8% on expectations that they would fall 1.0%. Third Quarter GDP fell by 0.3% on expectations that it would fall 0.5%. The economy saw its biggest decline since third quarter 2001. September Personal Income was slightly better than expectations and Personal Spending was slightly worse than expectations.
Other news of note included the Fed cutting short term interest rates by 50 basis points at the conclusion of its FOMC meeting on Wednesday. The Fed Funds rate now stands at 1.0%. The Fed stands ready to take this rate to zero if necessary to continue to help the economy.
The Dow Jones Industrial Average is currently at 9,273, up almost 900 points on the week. Crude oil futures are currently at $64.84 per barrel, more or less unchanged on the week.
Next week look toward Mondays ISM Manufacturing Index and Fridays employment report for October as potential market moving events.