Archive for May, 2007
Thursday’s Mortgage Rates Increase; New Home Sales Spike
24 May 2007Thursday’s mortgage rates increased after the market moved into negative territory following mixed economic news.
First, the Commerce Department reported in its Durable Goods report that new orders for big-ticket items rose .6% vs. and expected .9%. This is good news for mortgage rates.
However, the New Home Sales report, which typcially has only a minor [...]
Wednesday’s Mortgage Rates Flat
23 May 2007Wednesday’s mortgage rates were flat, the third day in a row, with no relevant news scheduled for release until tomorrow morning.
Thursday will bring us April’s Durable Goods report, which will assess the strength of the manufacturing sector and could affect mortgage rates both up or down depending on its reading. April New Home Sales [...]