{"id":3648,"date":"2008-08-01T13:18:46","date_gmt":"2008-08-01T20:18:46","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=3648"},"modified":"2008-08-01T18:39:48","modified_gmt":"2008-08-02T01:39:48","slug":"mortgage-market-week-in-review-4","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3648\/mortgage-market-week-in-review-4\/","title":{"rendered":"Mortgage Market Week in Review"},"content":{"rendered":"

Is it just me, or do Fridays keep coming around faster and faster? Maybe it\u2019s because I\u2019m so young!<\/p>\n

Any way, it\u2019s time for our \u201cMortgage Market Week in Review.\u201d We\u2019re going to focus on a couple of main topics for today:<\/p>\n

Jobs<\/strong> – the ADP report came out on Wednesday and had some relatively positive news. That brought a lot of people in the markets thinking that the jobs report that came out this morning would be a lot more positive than the markets had been expecting. Well, we got to this morning and it came out \u201cmoderate.\u201d The market had expected 70,000 losses and we only got 51000 losses. We had expected 5.6% unemployment and we got 5.7%. So, not too bad, but not too good either. However, I\u2019ve read some technical analysis that said that due to some accounting regulations (known as the birth death of businesses adjustments) these numbers are probably overstating things to the positive. That means that next month, these numbers will probably get revised downward.<\/p>\n

Losses<\/strong> – talk about missing a target here, wow. General Motors announced that they lost $15 billion this quarter. Think about it, that\u2019s a lot of money. Even if you take out the \u201cone time\u201d expenses, that is still a LOT of money (like maybe $6 billion, I think the number was.) I read today that GM has now \u201ceaten up\u201d all of their profits that they have made since 1985. That means that a profit and loss statement for the last 23 years for General Motors would end up with a big fat $0. In addition to them, Deutsche Bank announce a 64% drop in profits and Merrill Lynch announced some staggeringly negative numbers too.<\/p>\n

House prices<\/strong> made a lot of news this week. Alan Greenspan<\/a> was talking about them and several others also made a lot of noise about what\u2019s happening with house prices. Check out the chart here<\/a> to give you a good flavor of the regionality of housing prices and how not all areas are seeing the same numbers.<\/p>\n

The Housing Bill<\/strong> – Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Is it just me, or do Fridays keep coming around faster and faster? Maybe it\u2019s because I\u2019m so young! Any way, it\u2019s time for our \u201cMortgage Market Week in Review.\u201d We\u2019re going to focus on a couple of main topics for today: Jobs – the ADP report came out on Wednesday and had some relatively […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,26],"tags":[190],"class_list":{"0":"post-3648","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","7":"category-lending","8":"tag-mortgage-market","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4792,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4792\/mortgage-market-week-in-review-11\/","url_meta":{"origin":3648,"position":0},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"October 3, 2008","format":false,"excerpt":"Well, here we are on Friday again. Are you getting motion sickness from all of the news and rumors that are flying back and forth? Wow has it been another week to forget, hasn\u2019t it? Here are the topics we\u2019re going to talk about today: The Bailout\/Rescue Plan, some very\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9918,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9918\/the-jobs-report-whats-it-going-to-mean-for-mortgage-rates\/","url_meta":{"origin":3648,"position":1},"title":"The Jobs Report – what’s it going to mean for mortgage rates?","author":"Tom Vanderwell","date":"October 1, 2009","format":false,"excerpt":"Okay, it\u2019s hard to believe but tomorrow morning is the first Friday of the month again.\u00a0\u00a0\u00a0 Where has the year gone?\u00a0\u00a0 In some ways it has flown by and in other ways it seems like it\u2019s been about two or three years.\u00a0\u00a0 Know what I mean? Any way, tomorrow morning\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9639,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9639\/jobs-report-did-i-call-it-wrong\/","url_meta":{"origin":3648,"position":2},"title":"Jobs Report – did I call it wrong?","author":"Tom Vanderwell","date":"September 4, 2009","format":false,"excerpt":"Okay, so far this morning, the market has reacted in a very volatile but not significantly changed manner to the jobs report.\u00a0\u00a0 Essentially the jobs report came in pretty much where the market expected.\u00a0\u00a0 So, did I call it wrong by recommending a shorter term lock and a long term\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4149,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4149\/mortgage-market-week-in-review-8\/","url_meta":{"origin":3648,"position":3},"title":"Mortgage Market Week in Review…..","author":"Tom Vanderwell","date":"August 29, 2008","format":false,"excerpt":"Sorry this is a little late.\u00a0\u00a0 Had a closing out of town and it tied up a lot of my afternoon. Happy Labor Day weekend! I hope that you take some time to enjoy a very relaxing weekend on the last long weekend of the summer.\u00a0\u00a0 Due to the fact\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4219,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4219\/mortgage-market-week-in-review-jobs\/","url_meta":{"origin":3648,"position":4},"title":"Mortgage Market Week in Review – Jobs….","author":"Tom Vanderwell","date":"September 5, 2008","format":false,"excerpt":"Well, it\u2019s Friday again, everyone is back in school, my 18 year old is off to college (only 35 minutes away but still) and the mortgage world keeps moving on.\u00a0\u00a0 So what\u2019s this week look like?\u00a0\u00a0 Well, frankly there were a couple of other things going on, but the main\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2529,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2529\/amaze-your-friends-why-the-surprise-fed-funds-rate-drop-isnt-impacting-mortgage-rates\/","url_meta":{"origin":3648,"position":5},"title":"Amaze Your Friends : Why The “Surprise” Fed Funds Rate Drop Isn’t Impacting Mortgage Rates","author":"Dan Green","date":"January 22, 2008","format":false,"excerpt":"Advanced Fiscal Literacy For Real Estate Professionals The Fed Funds Rate is a fair proxy for economic health.\u00a0 When the economy is growing, the FFR\u00a0rises to fight inflation. When the economy is slowing, the FFR\u00a0falls to fight \"the absence of inflation\" (i.e recession). If inflation is the enemy of mortgage\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=3648"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3648\/revisions"}],"predecessor-version":[{"id":3651,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/3648\/revisions\/3651"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=3648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=3648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=3648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}