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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.

    October 1, 2014

    Today's market Commentary

    Mortgage bond prices are positive this morning helping rates improve.

    ADP employment came in at 213K versus the expected 202K mark. This data was not rate friendly on the surface, but the bond market as a whole was positive overnight and didn't seem to move much on the release.

    The ISM Index was very rate friendly @ 56.6 versus the expected 58.5. Weaker Construction spending added rate support. Spending fell 0.8% versus the expected 0.5% increase.

    Stock futures were weaker this morning after posting some losses the past few trading sessions. While it is not a given, stocks and bonds often trade inversely. The DOW is down over 120 points at pricing this morning.

    It is difficult to believe but the report of the first U.S. ebola case in Dallas in the past 24 hours is making some waves on the financial wires as a reason for the increased demand of U.S. debt instruments in the short term. Purely speculation by some but definitely an interesting development.

    Monday, Sep 29, 2014
    PCE Core Inflation @ 8:30 am et

    Tuesday, Sep 30, 2014
    Consumer Confidence @ 10 am et

    Wednesday, Oct 1, 2014
    ADP Employment @ 8:30 am et

    Wednesday, Oct 1, 2014
    ISM Index @ 10 am et

    Thursday, Oct 2, 2014
    Weekly Jobless Claims @ 8:30 am et

    Thursday, Oct 2, 2014
    Factory Orders @ 10 am et

    Friday, Oct 3, 2014
    Employment @ 8:30 am et

    Friday, Oct 3, 2014
    Trade Data @ 8:30 am et

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