Friday, May 3, 2013

DailyMarkets.com - Huge Decrease In US Mortgage Rates This Week

DailyMarkets.com - Huge Decrease In US Mortgage Rates This Week

Huge Decrease In US Mortgage Rates This Week

Posted: 03 May 2013 07:06 AM PDT

According to Freddie Mac, this week all mortgage rates have decreased substantially, reaching two new record low rates, for both 5 and 15 year mortgages.

This week mortgage applications have increased 1.8% compared to last week. This is a much larger increase than the one we saw last week of 0.2% and which we can attribute in part to the simultaneous decrease of all mortgage rates.

30-year fixed-rate mortgages decreased to 3.35% this week compared to 3.4% last week. This is only 0.04% … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Will Natural Gas Price Rally Hurt Demand?

Posted: 03 May 2013 06:17 AM PDT

Friday, May 3, 2013
The front-month Natural Gas futures contract has run into some headwinds in its move to test chart resistance at the 4.500 price level. In addition to data suggesting that higher Gas prices may be causing power producers to switch to cheaper coal for running power generators, the weekly Energy Information Administration’s (EIA) Gas storage report released on Thursday showed that U.S. Gas Storage rose by a larger than expected 43 billion cubic feet [[bcf]], versus the 30 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Gundlach Talks, Sense On Cents Listens

Posted: 03 May 2013 05:42 AM PDT

Regular readers know how highly I regard the prescient investment insights of Doubleline's Jeffrey Gundlach.
A month ago, Investment News laid out 10 Spot On Predictions by Mr. Gundlach. His uncanny calls on specific market sectors and timing included:
Treasurys Will Rally, April 2011
Go long Japan, short the yen, December 2012
Natural gas is the new gold, April 2012
Bullish on equities, March 2009
Told people to get out of Apple's stock
Warned investors on sub-prime market, April … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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