Archive for March, 2008
Rates Improve On Weak CCI
25 March 2008Rates improved after bonds recovered some of yesterday’s losses on worse than expected Consumer Confidence Index for March. Expect mortgage rates to be slightly better today, maybe by and eighth to price.
Tomorrow look for Durable Goods Orders to show manufacturing strength, and New Home Sales report to show February’s housing sector health.
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Existing Home Sales Up, Rates Increase
24 March 2008The stock market rallied and mortgage rates increased today on stronger than expected economic February Existing Homes data. For the first time in a while housing improved over the previous month, when it was widely expect to weaken. Rates will be worse by about a half point to the price [...]