Archive for June, 2008
Rates Flat Monday
30 June 2008Mortgage and Stock Markets were unchanged today, although mortgage rates should improve by about .25 to the points as a result of strengths in bonds from Friday. There was no relevant news released today. It will be a short trading week, with the bond market closing early on Thursday for the Fourth of July Holiday.
Sphere: Related [...]
Rates Down Friday
27 June 2008It was another bad day on the stock markets, which helped mortgage rates continue to fall, despite some unfavorable economic news. Rates should improve by .125 to price.
The May Personal Outlays and Income data came in at levels not good for mortgage rates, showing income increasing and inflation slowing.
The University of Michigan’s Index of Consumer [...]