Archive for February, 2008
Rates Up On Stock Market Strength
19 February 2008Rates were up again today after the stock market realized early gains. Mortgage rates should increase today by at least .25 to the points as compared with yesterday.
Tomorrow we can look forward to the January CPI report, as well as January Housing Starts and the Minutes from the last FOMC Meeting. Of the [...]
Rates Down on Consumer Confidence, Empire Index
15 February 2008Mortgage rates dropped this morning on weak economic data, rates should improve by .375 to price.
The University of Michigan in their preliminary January report, showed an unexpected drop in consumer confidence.  In addition, the Empire State Index, a measure of New York manufacturing activity, plunged to its lowest level since 2003.
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