1/22/10

After Jobless Claims, and the earnings results yesterday, we had more economic news. (There is none today.) Leading Economic Indicators was up in December, after showing positive numbers in October and November. But the Philly Fed Survey fell more than expected although it is still well within positive growth territory.
Although the markets had another relatively non-volatile day, we did see some intra-day price changes for the better as the equity markets worsened. The two markets do not always move in different directions, but yesterday they certainly did. So with no news scheduled, we find mortgage prices about unchanged from Thursday afternoon.