Archive for November, 2007
Bonds Down on Stock Rally, Despite Weak Economic News
28 November 2007New orders for large ticket items fell .4% last month, worse than expected. This was the third monthly decline consecutively in orders. This should be good news for bonds, but the stock market rally today prevented improvement in bonds.
October Existing Home Sales fell more than expected last month, which should also be good [...]
Quiet Week Expected for Mortgage Rates
5 November 2007Today’s bond market has been flat without relevant economic news and the stock market down only slightly. Mortgage rates should be largely unchanged over Friday.
We can expect a fairly quiet week this week, unless there is futher unexpected volatility in the stock market, as there is no significant economic news due out.This week is [...]