Daily Market Report August 5

The Initial Jobless Claims Jumped up unexpectedly with the Traders (on the day before the Government’s Job Data to be released). As a result, the Stock Market is down and the Bond Market is Up. This is certainly not excellent news for people surveillance the Equity Markets, but excellent news for those looking to buy a home and/or refinancing their home with better Mortgage Rates. If the numbers come in terrible tomorrow, I wouldn’t expect a huge rally tomorrow, as I believe some of the current pricing is fixed into anticipated terrible news. But if it’s excellent news, then it could be a rally the opposite way, as Wall Road seems to be keen for any optimism in the Market. Let’s stay tuned!!!!

Tuesday Noon 02/09/10 ***************************** Alert News

Today’s Current Mortgage Rate Alert News at Noon on Tuesday, February 9, 2010, from www.RateAlertNow.com. Provides a brief glimpse of what’s affecting mortgage rates today in reaction to Wall Road market news and data releases plus what’s coming up on the Free Mortgage Rates Update at 5PM and the impression on whether low rates will continue on home loans including home financing, home refinance and home buy as well as other residential real estate refinancing of all fixed rate mortgages.