Archive for May, 2007
Bonds Fall as the Market Waits For Friday’s Employment Data
31 May 2007Mortgage rates increased today after stock market gains and concerns about tomorrow’s economic data.ﾃつ ﾃつ
Theﾃつ Gross Domestic Product data showed a slower than expected result,ﾃつ which normally wouldﾃつ drop interest rates, but had no result today due to the Jobs data from tomorrow overshadowing this report, as well as gains in the stock market [...]
Rates Slide on Stock Market Weakness
30 May 2007Wednesday bond market gave us improved mortgage rates as the stock markets reacted negatively to overseas losses. We should see residential mortgage rates improve today.
In the absence of relevant economic reports due for release today, we look forward to the minutes of the last FOMC meeting due for release shortly. This report could [...]