Money Market Recap & Forecast from the Daily Communicator

May 24th, 2010

Written by Greg Frost Jr.

Categories: Branch Partner Opportunities, Economy, Monday Money Market Recap & Forecast, Mortgage Banker News, Mortgage News, Net Branch Opportunities

Last week was brutal for stocks, so bonds had a great run. The debt crisis in Europe and the swift decline of the euro had a debilitating effect on investor confidence, and the flight to safety was on.

For the week, the yield on the benchmark 10-year note, which moves inversely to price, dropped about 20 basis points as of early Friday. The economic news, which was mostly supportive of bonds, took a back seat to global concerns.

News regarding housing starts and building permits for April was mixed, with starts climbing 5.8% to an annual rate of 672,000 units — an 18-month high. Permits, however, plunged 11.5% to an annual rate of 606,000 — a six-month low, while permits for single-family homes fell 10.7%.

Perhaps the best news was from the producer and consumer price indexes which showed no signs of inflation.

If you’re interested in reading the entire report, published every day and packed with valuable information you can use in your business from mortgage industry leader Greg Frost, please visit The Daily Communicator: http://www.thedailycommunicator.com/

Please take a moment to learn more about how Frost Mortgage can help you. If you're looking for a mortgage, please visit our Find a Loan Officer page. And if you're looking for the best Branch Partner opportunity in the business, please visit our Branch Opportunities page. Thank you!

Also, please follow us at

This entry was posted on Monday, May 24th, 2010 at 11:37 am and is filed under Branch Partner Opportunities, Economy, Monday Money Market Recap & Forecast, Mortgage Banker News, Mortgage News, Net Branch Opportunities. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.