Archive for April, 2007
Consumer Confidence, Home Sales Slump; Mortgage Rates Down
24 April 2007Mortgage Rate Outlook: Float
Today’s mortgage rates improved after weaker than expected economic news was reported this morning. We should expect consumer mortgage rates to decline by approximately .25 of a point.
The Conference Board reported that their Consumer Confidence Index fell to 104, a larger than expected decline. This report indicates to us that consumers [...]
Mortage Rates Unchanged
23 April 2007Current Mortgage Rate Outlook: Float
 Mortgage interest rates have been flat today, there is no relevant economic news and the stock market has also been calm. Rates should be unchanged today.
However, we will see some very important reports this week, and as a result could experience some volatility in rates.
Tomorrow we will see [...]