Archive for March, 2007
Mixed messages cause slight dip in bonds
30 March 2007Mortgage Market Outlook: Float
The bond market dropped slightly on stronger than expected Income & Outlays reports. February’s Personal Income and Outlays reports show spending rose .6%, higher than the expected .3% increase. This indicates that individual willingness and ability to spend was higher than expected and is bad news for mortgage rates.
Contrary [...]
GDP increase causes rates to tick up
29 March 2007Current Mortgage Outlook: Float
The bond market opened down today after the Commerce Department reported stronger than expected news.  4th Quarter Gross Domestic Product rose at a 2.5% annual rate, beating estimates. This indicates that economic activity was stronger than expected, and is bad news for interest rates.
Due out tomorrow is Febrary’s [...]