On Tuesday the NY Empire State index of June manufacturing conditions rose to 19.57 from 19.11, but analysts expected 20. Separately, the sentiment survey of residential homebuilders in June fell to 17 from 22 — the lowest since March. These reports should have helped Treasuries, but a massive rally on Wall Street due to the increase in the euro left Treasuries in the dust.

Treasuries turned it around on Wednesday. It began with a huge drop in May housing starts. They fell 10% to an annual rate of 593,000 units from 659,000, and building permits slipped 5.9% from April.

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/

We saw more evidence today of Frost Mortgage’s growing leadership in its industry in the field of social media. Our social media manager’s article is included in this month’s National Mortgage Professional Magazine as part of its special social media section.

Frost Mortgage is using these new tools to their maximum to help you. Whether you’re looking for a loan or looking to be more effective as one of our branch partners, our social media efforts will help you better connect with Frost Mortgage. We’ve always prided ourselves on the best service around, and we’re excited about these new ways to better serve you. To get involved today, please investigate the following:

Please visit our Facebook page at http://www.facebook.com/FrostMortgage . Please, become a fan. From there, you can also find Greg Frost Sr.’s personal page.

We’re also growing our Twitter presence. You can find the company at http://twitter.com/FrostMtgGroup, and Greg Frost Sr.’s account at  http://twitter.com/GregFrostSr. You’ll see news on both of those accounts, so we encourage you to follow them and share the links. We’ll follow you back, too.

We are on YouTube at http://www.youtube.com/user/FrostMortgage, so please subscribe.

Greg Frost Sr. is also on LinkedIn. Please find him at http://www.linkedin.com/in/GregFrostSr.

To make this even easier, we’ve included a “Follow us online” section in the column at the right of our home page.

And as always, if you’re looking for the best mortgage in the business or a great professional opportunity in the mortgage industry, please contact a member of our team today–either through one of our social media channels or by traditional means like the telephone. Either way, we look forward to helping you. Thank you for your interest!

The 10-year yield, which moves inversely to price, closed at 3.15% and stayed in that area until Thursday.

Wednesday’s Fed beige book release showed signs of economic improvement in the nation’s 12 federal districts, which provoked light selling. But the report stated that economic growth was mild, slowed by the Gulf oil spill and the economic situation in Europe.

Treasuries were hit Thursday. First-time jobless claims for the week ended June 5 fell by 3,000 to 459,000, and the four-week average rose to 463,000.

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/

DENVER, CO–(Marketwire – June 8, 2010) –  Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuations, today released the latest IAS360® House Price Index (HPI) (http://www.iasreo.com/ias360_update.html). Based upon the timeliest and most granular data available in the industry, the benchmark for national house prices gained 0.9% in April.

via U.S. Housing Prices Turn Positive in April.

The West region was up 1.1 percent, according to their report. Even if this does reflect the last of the federal tax credits, we’re encouraged that we could be looking at better times to come.

We hope it helps with purchaser confidence, but we’ve consistently said you can’t time the market. If you’re in the market for a loan or you’re considering making a move up in the mortgage business, give us a call and we’ll help you figure out what the right move is for you today.

Then the employment numbers for May were released. Although a total of 431,000 jobs were added to nonfarm payrolls, 411,000 are temporary census workers leaving a gain of only 20,000 private sector jobs. And the unemployment rate dropped to 9.7%, but that number is also a questionable one because 322,000 dropped out of the labor market. Buying in Treasuries was fast-paced, dropping the 10-year yield to 3.24 from 3.33, before the opening bell.

The short week began with Tuesday’s release of the ISM index on May manufacturing conditions which fell to 59.7 from 60.4. There was, however, a big gain in employment. Construction spending in April beat expectations by a wide margin. Spending rose 2.7% when a 0.1% increase was predicted. In March, spending rose 0.4%.

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/

Here at Frost Mortgage, we’ve consistently said it’s impossible to time the market, and we believe great producers make their own fortunes. If you’ve got what it takes and you’re looking for the best platform in the mortgage business, please look at our Branch Partner Opportunities today. We think once you’ve compared our numbers to the competition’s, you’ll be glad you did.

If you’d like to join a mortgage group that values smart thinking and solid principles like these, please look into our Branch Partner Opportunities. We’re always looking for qualified new partners for this industry-leading offering.

This is good news. Here at Frost Mortgage, though, we don’t wait for market timing, and we’re always bullish on business opportunities for those who are truly motivated. If you’re a top producer looking for a Branch Partner opportunity or to take your career as a Loan Officer to the next level, give us a call today. We don’t close loans — we open doors.

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/

Ottimo Capital Group of Primary Residential Mortgage
Chicago Title
Fifth Third Wholesale
Jim Cherco—West Point Financial

Tuesday, May 18:

North: 8:30—11:00
WestPoint Financial
900 E. 96th Street Suite 300
Indianapolis, IN 46240

Thrive Rather than Survive

• Do you want a system that is guaranteed to identify borrowers?
• Are you concerned with how you will survive the predicted $1.2 Trillion drop in national mortgage fundings in 2010?
• Do you want to create systems that are guaranteed to identify borrowers?
• Do you want to have a steady flow of pre-qualified prospects to be able to refer to your Realtor referral partners?

If you answered YES to any of these questions, then attending this Business Planning event is perfect for you!

Greg Frost Sr. will share the market tested systems, strategies and tactics that helped him become our industry’s 1st Billion Dollar Originator.

Join him on Tuesday, May 18, North Side at 8:30 a.m. Space is limited. Register fast.

• Learn Cutting Edge Production Strategies
• Increase the Number of Referral Partners
• Generate More Leads
• Close More Loans
• Put More Money in Your Pocket
• And much more!

WHO SHOULD COME:

Loan Originators, Branch Managers and Production Assistants are encouraged to participate in this Free Success Secret Training Seminar!

For more details contact Rock Planck @ 317.663.3034 or Amber Morris @ 317.697.0880

Don’t Forget to Register ASAP—Space is Limited