Fresh Worries from European Banks Spook Investors – Daily Mortgage Rate Update for September 8th, 2010
September 8, 2010 by Dan Hartman · 1 Comment
With pricing at or close to its all time high today, and with traders reluctant to move prices higher, markets are presenting a compelling argument to get off the fence and lock in a rate, and that is looking more and more attractive given the roller-coaster-like ups and downs we’ve seen lately. Still, there also appears to be little compulsion among market movers to shift pricing lower, either.
Corporate Profits Continue, European Banks Under Microscope – Daily Mortgage Rate Update for July 23rd, 2010
July 23, 2010 by Dan Hartman · 3 Comments
Similar to last year’s stress tests of US banks by the Federal Reserve, the ECB’s test is intended to show whether or not commercial banks and savings and loan institutions in Europe have the financial reserves to survive an unexpected economic downturn. Because the European economy has been in economists’ cross-hairs lately, any indication of weakness from the banks could be seen as a barometer for the rest of Europe’s economy; conversely, signs of strength might allow traders to relax.
BP Might Have Stopped Its Bleeding; How About Europe’s Banks? – Daily Mortgage Market Update for July 19th, 2010
July 19, 2010 by Dan Hartman · 2 Comments
Bear in mind that thousands upon thousands of housing units were built towards the end of the housing bubble that have never been occupied.
