Archive for 'Market Summary' Category
Fed Injects $200 Billion, Bonds Down
11 March 2008Bonds were down, retail rates were unchanged this afternoon after stock markets posted strong gains today on a surprise Fed announcement.
January’s Goods and Services Trade Balance was released today showing weaker than expected results, but was upstaged by the Fed move.
The surprise Fed injection of $200 billion is what moved markets today. What [...]
Consumer Confidence Report Causes Rates to Increase
29 May 2007Today’s mortgage rates were down after stronger than expected consumer confidence posted.  Stocks are up as well, and we should expect an increase of approximately .125 to retail mortgage rates today over Friday.
The CCI (Consumer Confidence Index) showed a reading of 108, stronger than previously expected. This is bad news for mortgage [...]