Mortgage Rates 2010
January 3rd, 2010
Both the bond and the stock market closed out the year 2009 down, with bonds down 20/32 and the Dow down 42 points. Mortgage rates will likely increase today by a quarter of a point.
The year ended with Unemployment claims coming in far short of the expected level, suggesting some improvement in the job market.
The year 2010 will open with the ISM Manufacturing index report.
Sphere: Related ContentSurprise New Home Sales Increase For September
October 27th, 2008
Today rates were flat on a mixed stock market, and stronger than expected economic news. Rates could increase up to .25 to the price due to deterioration in bonds from late Friday afternoon.
The surprise today was September’s New Home Sales report which posted an increase of 2.7% when the street had expected another decline. However this news was offset by a downward revision to August data.
The big upcoming news this week is the FOMC meeting which begins Tuesday and adjourns Wednesday PM.
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