Archive for April, 2008
Rates Climb Again On Economic Confidence in Stock Markets
2 April 2008Rates continued their rise as investors gained confidence that the United States economy may have hit bottom, and that the worst may be over. Rates will increase again today by about 25 basis points.
February Factory orders came in today weaker than expected, which is good news for rates, but this report was overshadowed by the [...]
Rates Shoot Up On Strong Economic Indicator
1 April 2008Rates were up 50 bps today on a stronger than expected ISM Manufacturing Index report, which showed a rise in the index, instead of the drop which the markets expected. Stocks rallied and mortgage rates increased on this sign of economic health.
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