Oct
01
Quicken Loans Capital Markets Update for September 30, 2009
This morning Mortgage Applications for the week ending September 25th are out. The report showed that applications hurl down by 2.8% with purchase applications leading the drop.
The market-moving release this morning was the GDP number which showed that our economy shrank a less than estimated 0.7% billet over quarter.
Also, there are three scheduled Fed speakers later today, one of which, Fed President Lockhart, will be speaking on the U.S. economic outlook.