Archive for February, 2008
Bernanke Testifies More Rate Cuts Likely
27 February 2008Rates were down today after Fed Chair Ben Bernanke testified to Congress that the Fed may continue to lower rates, despite strong inflationary pressure. Â Rates will improve by at least .375 to the points.
Durable Goods Orders for January were reported today, showing a much steeper decline than had been expected.  New Home Sales for [...]
Mortgage Rates Down Again
22 February 2008Mortgage rates dropped for the second day in a row, on stock market losses. Rates are down about .125 to the points. There was no new economic data today.
Next week will kick of with January Existing Home Sales, and we’ll also see the PPI report as well as consumer confidence readings.
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