Archive for November, 2007
Mortgage Rates Drop Despite Strong Jobs Report
2 November 2007Rates are down today, despite stronger than expected Jobs data posted by the Labor Department. The rate drop is directly related to the large losses currently happening in the stock market.
October’s Employment data showed the addition of 166k jobs, which exceeded expectations by a great deal. The impact of this was softened by a [...]
Bonds Up on Stock Market Losses
1 November 2007The bond opened strong today after the stock market sank on weak economic news. However, due to weakness in bonds yesterday, we may not see significant improvement in today’s mortgage rates.
September’s Personal Income and Outlays report met forecast expectations today, but the spending portion was weaker than expected, a good sign for mortgage [...]