Archive for 'ISM' Category
Rates Up as Dollar Hits New Lows
3 March 2008Mortgage rates increased today over concerns in international financial markets about the plummeting value of the US Dollar, and concerns in general about US inflation and the willingness of the Fed to continue to lower interest rates. Rates will rise today approximately .25 to price.
The ISM (Institute for Supply Managment) reported weaker than expected [...]
Recession Concerns From ISM Report Bring Rates Down
5 February 2008Mortgage rates rallied today on a shocking drop in the ISM report.ﾃつ ﾃつ The stock market has also posted significant losses.ﾃつ Rates should improve by at least 25 basis points today.
The ISM Services index is usually not an influential report to mortgage rates.ﾃつ ﾃつ However, it posted a 20% decline last month [...]