Archive for 'CPI' Category
Financial Markets Quake on Bear Stearns Crisis
17 March 2008Rates dropped this morning as stock markets negatively reacted concerns over the stability of the US banking system. Rates are only slightly lower today, but this is a result of strength in bonds from Friday.
A myriad of events, including the fire-sale purchase of Bear Stearns over the weekend by JP Morgan [...]
Rates Improve on CPI Numbers
14 March 2008Mortgage rates improved today by as much as .375 to the points, after the Consumer Price Index from February was reported much lower than had been expected by the market.
The CPI from February showed no change over January, while the market had anticipated an increase and priced it in already. The market took back much [...]