Archive for April, 2007
Stock Market 13,000 level brings mortgage rates up
26 April 2007Mortgage Market Outlook: Float
Today’s mortgage rates are up as the stock market continued to surge past its historical 13,000 level.
The Fed Beige Book report from yesterday showed modest economic growth and low inflationary pressure.ﾃつ It did not have an impact on markets.
Tomorrow we will seeﾃつ one critically importatﾃつ report:ﾃつ ﾃつ 1st quarter GDP [...]
Rates React to Durable Goods Orders Increase
25 April 2007Mortgage Market Outlook: Float
Mortgage rates increased today as stronger than expected news showed Durable Goods Orders up.
March’s Durable Goods Orders increased to 3.4%, far in excess of the forecast of 2.5%.ﾃつ This is a sign of strong manufacturing activity and is bad news for mortgage rates as it may be a sign of inflationary [...]