Mortgage Rates Volatile and Rising
16 October 2008
Mortgage rates should improve today by about .125 in rate due to the massive stock market sell-off experienced yesterday. Most of those gains in the bond, however can be expected to be erased tomorrow as a result of the comeback this afternoon in stocks, and late afternoon related weakness in bonds.
The CPI came in today at levels weaker than expected, confirming that inflationary pressures are low, and that the economy remains weak.
Industrial production came in today at a 34 year low, underscoring, if needed, the weakness of the production sector of the economy.
Sphere: Related Content
Comments are closed.