Archive for 'Consumer Confidence' Category
Rates Increase Despite No News
27 March 2008Bonds sagged in trading today bringing mortgage rates up a quarter point to the price. It could be said that the weakness in bonds is in anticipation of the consumer spending and confidence data we’ll get tomorrow. Tomorrow there are two imporant reports to look at: the Personal Income and Outlays report and the revision [...]
Rates Improve On Weak CCI
25 March 2008Rates improved after bonds recovered some of yesterday’s losses on worse than expected Consumer Confidence Index for March. Expect mortgage rates to be slightly better today, maybe by and eighth to price.
Tomorrow look for Durable Goods Orders to show manufacturing strength, and New Home Sales report to show February’s housing sector health.
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