Archive for April, 2008
Rates Flat as Market Awaits FOMC Minutes
7 April 2008Rates are unchanged over Friday, no economic news was released today. Bonds are down today, but strength in bonds on Friday will keep mortgage rates flat today.
The focus for the week is on tomorrow’s 2pm release of the FOMC minutes. This will be scrutinized for evidence of the Fed’s position on the [...]
Rates Up On Higher Than Expected Job Losses
4 April 2008Mortgage rates were lower today after the Labor Department reported weaker than expected Employment data. Both the unemployment rate and the number of lost jobs came in higher than expected. This will cause rates to improve by at least .375 to price today.
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