| Last | Change | Percent | |
| S&P Futures | 1403.7 | -4.5 | -0.32% |
| Eurostoxx Index | 2481.1 | -2.3 | -0.09% |
| Oil (WTI) | 86.11 | 0.1 | 0.07% |
| LIBOR | 0.313 | 0.000 | 0.00% |
| US Dollar Index (DXY) | 80.18 | 0.138 | 0.17% |
| 10 Year Govt Bond Yield | 1.78% | -0.04% | |
| RPX Composite Real Estate Index | 193.9 | -0.1 |
Markets are flat after a better than expected GDP report offset the earnings miss from Apple. Surprisingly, bonds and MBS are rallying on the GDP number. Not sure what to make of that.
3Q GDP came in at +2%, higher than the +1.8% expectation. This is the "advance estimate," which means the source data are still incomplete, so the number will be subject to two revisions. Increases in consumption and government spending were offset by a drop in nonresidential fixed investment.
The NAR is forecasting that home prices will increase by 3.25% in 2013 based on its survey of 50,000 real estate practitioners.
If Obama wins re-election, Ed DeMarco's days at FHFA are probably numbered. To overcome Republican opposition, he will probably be fired and replaced while Congress is in recess. He has continued to butt heads with the Administration over principal reductions for GSE loans.
The MR may be a casualty of Sandy next week. Hopefully not.
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