Archive for August, 2007
FOMC Minutes Reveal Nothing
28 August 2007Following the release of economic news today and stock market losses, the bond improved. Consumer Confidence, as reported by the Conference Board was the largest monthly drop since September 2005.
The FOMC minutes released this afternoon were a non-event, revealing no new insights as to the climate within the Fed nor the likelihood of [...]
Mortgage Rates Down, Bond Market To Close Early Friday
27 August 2007The bond market opend up on Monday following stock market losses. Rates could improve by approximately .25 point.
The only relevant economic news released today was the July Existing Home Sales data posted by NAR, the National Association of Realtors.   It showed little change from last months, but moreover, has usually [...]