Saturday, October 31, 2009
Mortgage interest rates were mostly flat on the week despite supply pressures from the Treasury auctioning $116 billion in new debt. Intra-week volatility was high, though. Economic data was mixed. Reports better than expected included the August Case/Shiller Home Price Index, Q3 Advance GDP, the Chicago Purchasing Managers Index, and the University of Michigan Consumer Sentiment Index. Reports weaker than expected included October Consumer Confidence, September New Home Sales, and weekly jobless claims. September Durable Goods Orders and September Personal Income and Spending were in line with expectations.
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