Archive for October, 2008
Surprise New Home Sales Increase For September
27 October 2008Today rates were flat on a mixed stock market, and stronger than expected economic news. Rates could increase up to .25 to the price due to deterioration in bonds from late Friday afternoon.
The surprise today was September’s New Home Sales report which posted an increase of 2.7% when the street had expected another decline. However [...]
Mortgage Rates Volatile and Rising
16 October 2008Mortgage rates should improve today by about .125 in rate due to the massive stock market sell-off experienced yesterday. Most of those gains in the bond, however can be expected to be erased tomorrow as a result of the comeback this afternoon in stocks, and late afternoon related weakness in bonds.
The CPI came in today [...]