 Personal Finance Daily OCTOBER 13, 2011 Mortgage rates rise on jobs dataBy MarketWatch
The reason for the jump? Likely some positive economic news: "An employment report that was better than market expectations helped to lift long-term Treasury bond yields and mortgage rates as well," said Frank Nothaft, vice president and chief economist of Freddie Mac. By the way, is your BlackBerry working again? The device's maker, Research in Motion Ltd. (RIMM), said that after three days of outages, service is back. MarketWatch tech columnist Therese Poletti reports this really comes at a bad time for the struggling company. It's also bad news for investors who have been holding onto their RIM stock in the hopes that the company could be a viable takeover target. RIM shares have lost 66% of their value this year, Poletti notes. — Anne Stanley , managing editor, Personal Finance 30-year mortgage jumps back above 4% A better-than-expected jobs report caused mortgage rates to rise sharply this week, with rates on the 30-year fixed mortgage back up above 4%, according to Freddie Mac's weekly survey of conforming mortgage rates. Read more: 30-year mortgage soars back above 4%. Kiss hopes for any RIM deal bye-bye Investors who have been holding onto their stock in Research In Motion Ltd. with the hopes that the company is a potential takeover target should be discarding any such notions, write Therese Poletti. Read more: Kiss hopes for any RIM deal bye-bye. ECONOMY & POLITICS Initial jobless claims inch down to 404,000 First-time unemployment claims remain at a level typically associated with weak hiring trends, according to a reading of the latest Labor Department data Read more: Initial jobless claims inch down to 404,000. Trade deficit steady at $45.6 billion in August The U.S. trade deficit remained virtually unchanged in August, but the U.S. still managed to post a record monthly trade gap with China, government data showed Thursday. Read more: Trade deficit steady at $45.6 billion in August. Occupy finally comes to roost in Vancouver Blame Canada — for the Occupy Wall Street demonstrations that have spread to numerous U.S. cities. Read more: Occupy finally comes to roost in Vancouver. INVESTING 10 'glamour' stocks to beat a gloomy market The strong performance of these chosen shares could be a positive sign for the rest of the market, even as the global economy continues to waffle. Read more: 10 'glamour' stocks to beat a gloomy market. The return of risk After an impressive start to the session, now is the time for volume to kick in. Read more: The return of risk. GoodHaven fund mangers find safety comes cheap Keith Trauner and Larry Pitkowsky know about market meltdowns after many years on Wall Street, but the former Fairholme Fund co-managers never got too worried about the stock market's summer swoon. Read more: GoodHaven fund mangers find safety comes cheap. Get the latest news on our mobile site: http://www.marketwatch.com/m  MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2011 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111 |
Thursday, October 13, 2011
Personal Finance Daily: Mortgage rates rise on jobs data
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