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Monday, January 17, 2011

Mortgage rates relatively unchanged today

With all domestic markets closed, mortgage bond prices are neutral. There is no economic data scheduled for release today either, though there is news that could have potential to move markets. Apple shares have dropped feverishly on the German market as news of Steve Jobs' decision to reduce his role at Apple due to health concerns spreads. Airbus has maintained it's slim lead over rival Boeing for annual airplane orders. The European airplane manufacturer logged 200 last minute plane orders from low end, emerging market carriers that are choosing cost over quality. Keep in mind that there will be no recission or funding for today. All county offices are closed in observance of Dr. Martin Luther King Jr. Day.

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