Archive for 'Inflation' Category
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 [...]
Rates Increase on Inflation Anticipation
13 March 2008Rates were up this afternoon despite weak retail sales data from February. The market is concerned about tomorrow’s CPI report showing worse than expected inflationary pressure. Rates today may slightly improve, but as a result of yesterday PM trading.
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