Archive for 'New Home Sales' Category

Surprise New Home Sales Increase For September

27 October 2008

Today rates were flat on a mixed stock market, and stronger than expected economic news.   Rates could increase up to .25 to the price due to deterioration in bonds from late Friday afternoon.
The surprise today was September’s New Home Sales report which posted an increase of 2.7% when the street had expected another decline.     However [...]

Bernanke Testifies More Rate Cuts Likely

27 February 2008

Rates were down today after Fed Chair Ben Bernanke testified to Congress that the Fed may continue to lower rates, despite strong inflationary pressure.   Rates will improve by at least .375 to the points.
Durable Goods Orders for January were reported today, showing a much steeper decline than had been expected.   New Home Sales for [...]