Archive for 'Today's Mortgage Rate Analysis' Category
Rates Flat Wednesday
9 July 2008Bonds continued flat in aa relatively uneventful week so far for mortgage rates. We saw an improvement this mornings rates as a result of strength from Tuesday. There was no relevant news released today, and the primary factors for mortgage rate volatility continue to be the stock market, corporate earnings reports and energy prices.
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Employment Rates Reported As Expected
3 July 2008The Labor Department reported June Employment figures today, which came in as expected. The markets yesterday had been anticipating a surprise, perhaps an increased level of unemployment or other signs of economic deterioration. As a result, stocks are up today and bonds are flat. Mortgage rates will show no changes. Bond markets close early today [...]