Archive for August, 2007
Bonds up on stock market losses
16 August 2007Bonds opened up today reacting to stock market losses, related to the Global credit crunch. ﾃつ ﾃつ The Commerce Department reported a drop in new home starts last month which re-enforces the fact that the housing sector continues to weaken.ﾃつ ﾃつ The Labor Department reported a greater than expected increase in unemployment claims [...]
CPI Unchanged, Rates Improve Slightly
15 August 2007Today’s mortgage rates may improve slightly as a result of strength yesterday, and no surprises in today’s economic news.ﾃつ
The Labor Department reported that the Consumer Price Index (CPI) rose according to forecasted levels.ﾃつ ﾃつ July’s Industrial Production data also matched forecasts.
Tomorrow we’llﾃつ have July’s Housing Starts, however this report is unlikely to [...]