Archive for 'Durable Goods Orders' Category
Fed Leaves Interest Rates Unchanged
25 June 2008The FOMC meeting adjourned today with an announcement that there would be no change to key short term interest rates. This was the result that the markets had widely expected. Bonds today were down slightly but mortgage rates should remain unchanged.
Also reported today, New Home Sales and Durable Goods Orders from May in at expected [...]
Rates Drop On Weak Durable Goods Orders
26 March 2008Mortgage rates will drop about 25 basis points today on a weaker than expected Durable Goods Orders report. The report re-enforced the fact that our economy is weakening.
New Home Sales for February also reported today greater than expected figures, however there was also an upward revision to January data, which, net-net, causes data [...]