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DATE
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Mortgage
Rates Information
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1/31/05
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9:47
am. The bonds' yield is rebounding
after last end of week drop. Oil
prices are staring to ease after
their fast rise. Expect the markets
to rally as the traders relax over
fears of price increases. Mortgage
rates should hold steady unless
growth numbers come in higher.
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1/30/05
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Mortgage
rate Markets are closed
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1/29/05
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Mortgage
rate Markets are closed
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1/28/05
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9:56
am. The end of yesterday's trading
caused the bond's yield to go higher.
However, today the market data seems
not as bright on the economy. The
U.S. economy has come to a bump
in the economic growth road. This,
slow growth, has caused the bond
to lower its yields on the slumping
economic numbers. Mortgage rates
will hold till the market settles
down.
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1/27/05
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8:42
am. Yesterday was consumer confidence leading
the mortgage market higher, today
it is the durable goods order numbers.
For the second straight month, orders
to manufacturers for products such
as computers, electronics, equipment
etc., are up and the mortgage markets
have eyed this information. They
are pushing the yield on the ten
year T-bill along with the mortgage
rates. As long as the numbers keep
trending higher then mortgage rates
will trend with them.
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1/26/05
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10:21am. Crude
oil prices have eased off since
there highs earlier this week. As
the weather in the east relaxes
so does the traders feelings on
the markets. The yield on the T-bill
is rising and rates are moving up
as confidence by consumers increases.
Today the consumer confidence in
Germany came in higher showing recovery
in the consumer market in the national
areas as well as here at home.
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1/25/05
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11:51am. The
markets are being led today by a
surprising consumer confidence level.
Survey show that there is a 6
month high confidence in the consumers'
outlook for the economy. The dollar
strength is rising on this news.
The yield on the 10 year T-bill
is following higher on the news.
Expect mortgage rates to trend higher
while the markets digest this new
data.
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1/24/05
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10:33
am. Crude oil prices are on the rise.
Most traders believe the trend higher
in prices is from the recent poor
weather in the north east. This
raises the demand on home heating
Oil. As stated in the past, the
higher oil prices go the more they
slow growth, acting like a raise
in interest rates. Expect mortgage
rates to hold while the oil markets
figure out which way pricing will
go after the northern snow storm.
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1/23/05
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Mortgage
rate markets closed.
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1/22/05
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Mortgage
rate markets closed.
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1/21/05
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10:24
am. Consumer confidence numbers
are in and most expected them to
be higher than they came in at.
Also, the dollar is once again losing
strength against the euro. A major
market survey of bond firms shows
an expectation that the yield on
the ten year T-bill should move
over 5%. This would equate to much
higher mortgage rates.
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1/20/05
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9:51
am. Stocks in the U.S. are lower
on earnings reports. The price of
oil has also eased as concerns on
high demands has relaxed. The yield
on the 10 year T-bill is going higher
as concerns about inflation. Expect
rates to go up and trend higher
while inflation concerns weigh over
markets.
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1/19/05
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The
markets ended the day lower and
the dollar began losing strength
against the euro. Expect mortgage
rates to trend higher after inflation
numbers show that a 3 year high
on inflation is right around the
corner.
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