Archive for March, 2007
Bernanke: Inflation Risk “Uncomfortably High”
28 March 2007Current Mortgage Outlook:ﾃつ Lock
Bonds are up this morning on weaker than expected data, and stocks slideﾃつ afterﾃつ Ben Bernanke’sﾃつ testimony today before the Joint Economic Committee.
The Commerceﾃつ Departmentﾃつ released durable goods data for February this morning, reported that orders increased by 2.5%.ﾃつ This was weaker than the expected 3.5% increase.
In his prepared address [...]
Bonds Down on Sandra Pianalto’s Comments
27 March 2007Current Mortgage Outlook: Float
Bonds were down today despite weaker than expected Consumer Confidence report.ﾃつ ﾃつ Still, retail mortgage rates may see an improvement of .125 point due to net improvements over yesterday.
March’s Consumer Confidence Index dropped this month, falling short of forecasts to 107.2.ﾃつ ﾃつ ﾃつ This demonstrates that consumers are less optomistic [...]