Archive for August, 2007
Credit Concerns Continue to Drive Bond Market Prices
21 August 2007Tuesday’s bond market improved again as investors continued to buy treasuries.ﾃつ Rates should improve by about .25 of a point.
The rates will continue to be driven today and tomorrow by the stock market and credit crunch concerns.ﾃつ ﾃつ Extreme deterioration of the price of short term treasuries over the past few days has [...]
Rates tick down as a result of stock market losses
20 August 2007Today’s market improved with the stock market down.ﾃつ ﾃつ Mortgage rates could improve today by .125 of a point.
The LEI (Leading Economic Indicators) report was released this AM by The Conference Board, showing economic activity increasing, matching forcasts.ﾃつ This had no impact on rates.
There is no relevant economic news due to be released [...]