Archive for March, 2008
Bonds Up or Neutral on No Economic News
19 March 2008Bonds were up to neutral today on mixed trading. Rates could improved slightly, to a maximum of .25 to the price. There was no economic news released today.
Tomorrow the Leading Economic Indicators report for February will be released by the Conference Board, which will give us a prediction of economic [...]
Fed Cuts Benchmark Rate Only .75%, Mortgage Rates Up
18 March 2008The Federal Reserve disappointed the street today with a weaker than expected .75% cut to the rates. As a result, bonds are selling off this afternoon, and mortgage lenders may experience a repricing for the worse this afternoon. If you are floating, it may be a good time to lock your rate, if the reprice [...]