The presentation from the todays market seminar. Offers a complete analysis of the local market update.
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Tim McLaughlin, VP Weichert Financial
- The S&P/CaseShiller Home Price Indices showed a fourth consecutive month of increases for the 10 and 20 city composites, with both up 0.9% in July over June. ”With July’s data, we are seeing not only anticipated monthly increases, but some fairly broad improvement in the annual rates of change in home prices,” says David M. Blitzer, chairman of the index committee at S&P Indices. “Monthly price increases -were seen in 17 of the 20… Continue reading
Tim McLaughlin, VP Weichert Financial Services
Q: On Wednesday, the Fed put what is termed as “Operation Twist” into action. I have no idea what that means, but I see mortgage rates have come down some more over the last two days. Can you explain what “Operation Twist” is?
A: “Operation Twist” is a strategy enacted by the Federal Reserve to sell short term Treasuries while simultaneously purchasing longer term Treasuries. The Fed mandated that it would “swap”… Continue reading







