Archive for June, 2007
Mortgage Rates Drop as Economic News Ease Fears of Inflation
15 June 2007The bond market opened Friday up again after economic news was reported that was favorable to interest rates.
May’s Consumer Price Index or CPI, showed only a .1% increase in the core reading, below the .2% expected. This means that consumers are not experiencing inflation, and allowed rates to drop today.
Also, the May Industrial Production [...]
PPI Holds Rates Steady, Market Awaits CPI due Friday
14 June 2007The market Thursday opened up with no economic surprises forthcoming. The PPI showed a .2 core reading was right in check with expectations and helped keep mortgage rates steady. The PPI, or Producer Price Index is a key report in determining the inflationary pressure on producer prices.
Friday, most importantly, we’ll see May Consumer [...]