Archive for 'CPI' Category
Rates Improve; Stocks Improve
12 March 2008Today’s mortgage rates are down, rates are better by around .375 to the price. Stock markets are up, and there was no news released.
On deck for tomorrow is a critical measure of consumer spending, the February Retail Sales Report.
Friday, we’ll get the CPI for February (Consumer Price Index) and the University of Michigan’s Index of [...]
FOMC Cautious About Future Rate Cuts
20 February 2008Bonds were up today, despite stronger than expected CPI, taking back much of yesterday’s losses. Rates were up around 50 basis points this morning but should be lower tomorrow morning.
The Consumer Price Index came in higher than expected, which is bad news for mortgage rates as it means prices at the level of the [...]