|
Not found what you are looking for? Try Google search:
|
|
http://www.news-from-newspapers.com has found the following results regarding
missouri mortgage quote
Home Sales Weaken But Consumers Buoyant
By Glenn Somerville WASHINGTON (Reuters) - Sales of new U.S. homes tumbled at the sharpest rate in more than a decade in November, the government said on Thursday, but a separate report showed consumers' mood still buoyant near the end of 2004. A slew of reports, issued ahead of a Friday closing for government offices and U.S. financial markets for Christmas, painted a somewhat muddled picture of steady but unspectacular expansion. Sales of new homes plunged 12 percent last month, the biggest drop since a 23.8 percent fall in January 1994, to a seasonally adjusted annual rate of 1.125 million units. But industry analysts played its significance down, saying applications for new
mortgages still were at healthy levels. "I would not view this report as the beginning of a significant downturn," David Berson, chief economist for
mortgage financing giant Fannie Mae in Washington. A forward-looking report from the University of Michigan showed its final index reading of consumer confidence for December at 97.1, up from November's final reading of 92.8 and December's preliminary reading of 95.7. HOPEFUL ON CONSUMERS "The sentiment gain is a good sign that consumer spending could remain a mainstay of economic growth," said Patrick Fearon, an economist with A.G. Edwards and Sons Inc. in St. Louis,
missouri. "It's gratifying to see that improvement." Bond prices softened over the course of a shortened session in light pre-holiday trading. The 10-year Treasury note (US10YT=RR:
quote , Profile , Research ) fell 6/32 in price to yield 4.22 percent, up from 4.20 percent late Wednesday and the 30-year bond (US30YT=RR:
quote , Profile , Research ) was down 6/32, yielding 4.84 percent, up from 4.82 percent. Stocks extended a rally, with the Dow Jones industrial average ahead 11.23 points to end at 10.827.12 while the Nasdaq composite index closed up 3 points at 2,160. Other reports on Thursday indicated consumers kept a grip on their wallets in November, spending less heartily and saving slightly more. They also showed U.S. factories enjoyed a surprisingly strong business pickup last month. Consumer spending edged up a slim 0.2 percent in November -- a fraction of October's 0.8 percent jump -- as purchases of new cars dropped sharply. The figure is closely monitored since consumers fuel two-thirds of national economic activity. Continued ...
Source: reuters.com