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    Writealoan.com, Inc has been in business for twenty two years. Our consumer direct internet based system allows us to offer you one of the most cost effective and convenient ways to apply for a mortgage Today! We are a Local Lender submit your Quick Application with confidence.

    November 20, 2014

    Today's market Commentary

    10:55 am, Update

    Mortgage bond prices have fallen from the levels seen at 10 am ET applying upward pressure to mortgage rates. Rates are under pressure as stocks improve. The Dow was down 26 @ 10 am ET, currently unchanged.

    Weekly jobless claims printed at 291K and continuing claims, a summation of all receiving benefits, at 2,330K. Economists‚?? expectations were for claims to print at 285K and continuing claims to come in at 2,380K.

    Consumer prices were unchanged last month and the core value, which excludes the volatile food and energy costs, rose 0.2%. Traders‚?? expectations were for CPI to fall 0.1% and the core value to rise 0.1%.

    Leading economic indicators (LEI) rose 0.9% vs. the expected increase of 0.6%.

    Lastly the Philly Fed survey printed at 40.8 vs. the expected read of 18.3.

    With the exception of the Philly Fed survey the data was near expectations and had little effect on trade.

    With no more news or events on tap today traders will watch stocks. At the 10 am ET price point the Dow was down 26 points.

    Event Calendar:
    Monday, Nov 17, 2014
    Industrial Production @ 9:15 am et

    Monday, Nov 17, 2014
    Capacity Utilization @ 9:15am et

    Tuesday, Nov 18, 2014
    Producer Price Index @ 8:30 am et

    Wednesday, Nov 19, 2014
    Housing Starts @ 8:30 am et

    Wednesday, Nov 19, 2014
    Fed Minutes @ 2:15 pm et

    Thursday, Nov 20, 2014
    Weekly Jobless Claims @ 8:30 am et

    Thursday, Nov 20, 2014
    Consumer Price Index @ 8:30 am et

    Thursday, Nov 20, 2014
    Philadelphia Fed Survey @ 10 am et

    Thursday, Nov 20, 2014
    Leading Economic Indicators @ 10 am et

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