1 post tagged “mortgage market update”
Second quarter earning season continued last week, including some highlights from the financial sector. Several companies reported strong earnings, including Tech Bellwether Intel; JP Morgan Chase, who reported a 36% jump in profits for the second quarter; and Goldman Sachs, reporting blowout earnings. Although, some of the positive headlines helped Stocks, at the expense of Bonds and therefore home loan rates, overall the week's earnings reports indicated the economic climate is still difficult.
Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
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The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.
