Realtor, Tennis Player, Titans & Vols Fan, Nashvillian… Live! Work! Play! in Middle Tennessee

Archive for October 18th, 2010

Market Comment for Week of October 18, 2010…

leave a comment »

MARKET COMMENT   Mortgage bond prices ended the week considerably lower pushing mortgage interest rates higher. Rates were weaker following the extended holiday weekend. Stock strength Wednesday did not help us. The DOW eclipsed the 11k mark and mortgage bonds fell that morning. The inflation data was mixed but the headline PPI figure was higher than expected. Weekly jobless claims came in higher than expected Thursday morning, which helped us erase some of the earlier losses. Unfortunately mortgage bonds were negative overall for the week. Rates finished the week about 5/8 of a discount point higher. 

The industrial production and capacity use data Monday will set the tone for trading this week. Fed “Beige Book” data may also move the markets. 


  • Industrial Production; Oct. 18; Consensus Estimate Up 0.3%; Important. A measure of manufacturing sector strength. A lower than expected increase may lead to lower rates.
  • Capacity Utilization; Oct. 18; Consensus Estimate 75.1%; Important. A figure above 85% is viewed as inflationary. A decrease may lead to lower mortgage interest rates.
  • Housing Starts; Oct. 19; Consensus Estimate 580k; Important. A measure of housing sector strength. Weakness may lead to lower rates.
  • Fed “Beige Book”; Oct. 20; Important. This Fed report details current economic conditions across the US. Signs of weakness may lead to lower rates.
  • Weekly Jobless Claims; Oct. 21; Consensus Estimate 450k; Important. An indication of employment. Higher claims may result in lower rates.
  • Leading Economic Indicators; Oct. 21; Consensus Estimate Up 0.3%; Important. An indication of future economic activity. A smaller increase may lead to lower rates.

Remember that mortgage interest rates remain near historical lows despite last week’s spike in rates. Floating in this environment with hopes that rates will fall lower is a huge gamble as was evident last week. Lower rates are not a guarantee. Taking advantage of rates at these given levels is prudent to avoid future mortgage interest rate volatility.

Source: Courtesy of Todd Kabel, US Bank, Nashville, Tennessee


Ad, Sales & Marketing.

Rachel Being Chatty

Now featuring 15% more sarcasm.


The Casual Way to Discuss Movies

The Ninth Life

It's time to be inspired, become encouraged, and get uplifted!


The Casual Way to Discuss Movies

The Shameful Sheep

shit storms, shame, and stories that make you cringe

Autoindigo Blog

Fresh news about automotive world. Cars overviews written by experts, pros and cons, features, performance, safety, interior and driving.

Little Fears

Tales of whimsy, humor and courgettes

VR, AR, 3D and Video Glasses Reviews

Woodstock Business Welcome

Welcome Wagon Canada

Blookup Blog

Turn and print all your digital contents, blogs and social networks into amazing real paper books on


Graphic Designer


Sabbles woz 'ere


A town everyone hates, yet no one leaves...

Attila Ovari

Loving Life and Inspiring Others

Augusta Littleton

Nonprofits and Charities

The Home Buyer Class Blog

What to know when buying a home

The Contractor's Cabinet

A Blog On Construction & More


Love, Travel Lifestyle and Destinations


My journey - The good, bad and the ugly


"A Blog worth reading "

john pavlovitz

Stuff That Needs To Be Said

Smart Discount Shop

Discover all the creative and ingenious ways to save money !


4 out of 5 dentists recommend this site


A great site

Vonj Productions

Bringing you love through spirit!

The Dystopian Nation of City-State

A cruel, futuristic vision created by science fiction authors James Courtney and Kaisy Wilkerson-Mills. ©2013-2016. All Rights Reserved. All writings available through Amazon.

Bubba Pigg

South' s Leading Anti- Intellectual: Wealthy in Common Sense and the Wisdom of Selfishness

@TheTexasBroker Blog

Real Estate Sales Houston Texas

The Travelling Pantry

Adventurous, Honest and Wholesome

Top 10 of Anything and Everything!!!

Animals, Gift Ideas, Travel, Books, Recycling Ideas and Many, Many More



William the butler

Serving drinks since 1985


This site is the bee's knees

Plutonium™ Paint

Ultra Supreme Professional Grade Aerosol Paint

Covered in Beer

by Thomas Cochran, Known Moron

Natalie Breuer

Natalie. Writer. Photographer. Etc.

Post it Notes from my Idiot Boss

delivered directly to my computer monitor on an all too regular basis...

Late Blooming Entrepreneurs

Making it big in business after age 40