Friday, March 23, 2012

Homestead Mortgage, L.C.
Bonds are struggling to get off the down escalator trend and break above the 100 day moving average (see chart). New Home Sales fall 1.6% in February to 313K units annually, below the 323K expected. Within the New Home Sales data it was reported that median prices rose 8.8% to $233,7000, the largest 1-month rise in 14 months. The national average price for a regular gallon of gasoline is at $3.88 up from $3.57 a month ago. Lots of market moving indicators next week.

 

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