This week's Financial update from Doug Ward Information courtesy of Doug Ward, Sr. Loan Officer, usbancorp Mortgage Advisers, LLC,425 885-9544
With the rough start to the markets that we have seen so far in 2008 it seems like this upcoming week's market news is a good place to start.
Announcements due this week:
Tuesday, State Street Investor Confidence, Moderately Important. Investors will show less confidence on subprime mortgage and recession concerns.
Wednesday, Mortgage Applications, Important. Refinance and purchase activity continue to rise on lower rates and lower home prices.
Thursday, Existing Home Sales (December), Important. Sales are expected to hit a multiyear low, but lower rates and lower home prices could suggest a bottom is near.