Archive for February, 2008
Mortgage Rates Drop
21 February 2008Mortgage rates were down 50 basis points today over yesterday, with continued economic concerns pushing bond yields higher.
The January Leading Economic Indicators report was released to day by the Conference Board, showing an expectation for decreased economic activity over the coming months. This is in line with expected reading, but adds to the the [...]
FOMC Cautious About Future Rate Cuts
20 February 2008Bonds were up today, despite stronger than expected CPI, taking back much of yesterday’s losses. Rates were up around 50 basis points this morning but should be lower tomorrow morning.
The Consumer Price Index came in higher than expected, which is bad news for mortgage rates as it means prices at the level of the [...]