Archive for March, 2008
Rates Increase Despite No News
27 March 2008Bonds sagged in trading today bringing mortgage rates up a quarter point to the price. It could be said that the weakness in bonds is in anticipation of the consumer spending and confidence data we’ll get tomorrow. Tomorrow there are two imporant reports to look at: the Personal Income and Outlays report and the revision [...]
Rates Drop On Weak Durable Goods Orders
26 March 2008Mortgage rates will drop about 25 basis points today on a weaker than expected Durable Goods Orders report. The report re-enforced the fact that our economy is weakening.
New Home Sales for February also reported today greater than expected figures, however there was also an upward revision to January data, which, net-net, causes data [...]