Archive for 'Today's Mortgage Rate Analysis' Category
Mortgage Rates Up On Strong Reports
25 July 2008Bonds reversed course today, sinking as three pieces of economic data came in suggesting the economy is in better shape than thought. First, Durable Goods Orders for June came in much stronger than had been expected, suggesting that the manufacturing sector is recovering. Secondly, University of Michigan’s Index of Consumer Sentiment for June came in [...]
Rates Up On GSE Concerns
14 July 2008Bonds are up today and the stock markets are down, yet rates will rise about .25 to the points today as investors react on their concern over the status of Freddie Mac and Fannie Mae, the two Government Sponsored Entities (GSE)s that have recently fallen into crisis, and have had recently received the support of [...]