Leading Economic Indicators Report Expects Improvement
19 June 2008
Bonds were down in trading today as stocks posted gains, however rates will still drop by about .125 to price due to strength in bonds from the afternoon.
The Leading Economic Indicators report was released today by the Conference Board. The report came in stronger than expected, showing improved economic activity over the next few months. This is bad news for the mortgage rate markets.
Sphere: Related Content
Comments are closed.