Mortgage Loans

[MTnews]

Daily Market Commentary for July 30, 2008 from

MBA (Mortgage Bankers Association) Purchase Applications data released today: Mortgage Applications fell a seasonally adjusted 14.1% last week, as applicants shrugged off lower interest rates on fixed-rate loans per the MBA today. ()

Hot Stock picks on the move today for day trading: CF Holdings Incorporated (NYSE: CF) with a daily trading range of over eleven points. Day traders enjoyed the trading activity of CF Industries both on the long and short selling ends. A very nice ride into higher territory began at the opening bell until shortly after the eleven am trading hour. At that point, short sellers moved in for short rides to the down side. At the closing bell, CF Industries tacked on almost 14 points. Overseas Shipholding Group Incorporated (NYSE: OSG) was another active day trading stock today. Day traders began their trading session today taking this stock for a nice ride into lower territory. A bounce began shortly after the one o'clock hour struck. Second Quarter revenues came in at $386.1 Million compared to $274.2 a year ago. Morten Arntzen, President and CEO of OSG commented,