Archive for April, 2007
Personal Spending Down, Mortgage Rates Down
30 April 2007Mortgage Rate Outlook: Float
Today’s market reacted positively to the release of March’s Personal Income and Outlays report.ﾃつ Today’s mortgage rates are down approximately .25 points.
The Personal Income and Outlays report showed an increase of .7% in income and a .3% rise in spending.ﾃつ ﾃつ Spending was less than expected, and this is good [...]
GDP Report: Economy Slowing, Inflation Rising: Go Figure
27 April 2007Mortgage Market Outlook: Float
The bond marketﾃつ improved slightly today despite a GDP report that came in much weaker than expected.
The report demonstrated that the economy grew at a much slower pace than expected during the first quarter of 2007.ﾃつ It was the lowest reading since 2003.ﾃつ ﾃつ ﾃつ This is further evidence that [...]