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DATE
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Mortgage
Rates Information
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Back to The Best Mortgage Rate Information
Resource
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10/14/04
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11:45
am Exports of goods from the U.S..
was down on today's reports. Crude
Oil prices continue to rise to record
prices per barrel. Bank's profits
are less than expected and major
manufacturers cuts salary and future
adding of jobs. All adds up to problems
and concerns about the economy.
This is pushing the yields down
on the bonds and mortgage rates
should follow. Expect rates to go
lower as this weak economic data
rolls in.
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10/13/04
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11:17
am The ten year T-bill is sitting
flat as of this morning. The easing
of crude oil prices this morning
are holding the markets in check.
The IEA estimate shows that
demand for the energy source is
slowing in the near future. High
oil prices cause a slow down in
the economy, almost acting like
a rate change. So as prices go up
mortgage rates tend to go down and
vise versa.
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10/12/04
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11:55
am Oil concerns rule the market
as the price per barrel adjust upwards
of 53 dollars. Tech firms are following
with adjustment down for future
growth. All spurred on by lower
demands in products and higher demand
for energy. All are putting pressures
on mortgage rates to go down. The
ten year T-bill's yield is down
this morning and mortgage rates
have eased of off there fast raising
pace of last week.
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10/11/04
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12:41
pm The 10 year T-bill is flat today.
As so many times before, the key
is mortgage rates rarely move direction
without the bond making a move first.
The main movement was based on last
weeks less than expected new job
numbers, The mortgage rates went
down a little on the gloomy news.
It looks like rate traders are waiting
on some more data before the markets
make a further move.
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10/10/04
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11:58
am Markets (mortgage rate) are closed
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10/09/04
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11:58
am Markets (mortgage rate) are closed
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10/08/04
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11:11
am JOBS JOBS AND JOBS again today.
Last month's job's reports came
out today and what drove the mortgage
rate market higher (yesterday on
speculation) did not come true.
The speculators yesterday believed
that today's job reports would should
a grow of new jobs added at 150,000
to 250,00 but the report came out
only adding 96,000, Way below the
speculators desired mark. Added
to that gloomy job report was a
revision of last month's report
on June jobs. Not only did the mortgage
traders expect a raise in last months
jobs but also in a revision upwards
for June's job reports. It
was revised but down by 16,000 jobs.
All things considered, the mortgage
rate and bond traders were way off
and the market is adjusting back
down today, rates should reflect
this by easing a little.
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10/07/04
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11:36
am JOBS JOBS and more JOBS. This
is driving the rates today, unemployment
claims came in down 35,000 but most
traders are betting on tomorrows
job reports. The speculators are
expecting a growth in jobs added
around 150,000 and when the numbers
come in, expect mortgage rates to
rise and rise fast. The mortgage
rate market has already been moving
upward and it will only go faster
after a great job reports.
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10/06/04
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3:09
pm Oil prices hit a record close
to 52 dollars a barrel. This is
having no effect on the 10 year
T-bill. In fact the yield on the
10 year is rising and rising fast.
Expect mortgage rates to move upwards.
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10/05/04
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12:08
pm The pressure on the bond today
has begun to ease off. The mortgage
rate market has taken the hit as
rates have risen over the last few
days. Service jobs employment are
lower than expected and there is
a raging record high price for oil.
All should cause a slow down
in the economy. But with that news
the 10 year T-bill is sitting flat.
This means the traders are more
concern that the Fed chair still
believes the economy is strong and
still wants to raise rates although
the market data is not following
that notion. Mortgage rate traders
are waiting on some key statements
from the fed to see whether more
rate hikes are in store for interest
rates.
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10/04/04
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12:33
pm U.S. stocks started off today
where they left off on Friday. ON
THE RISE. This stock market, buying,
is placing much pressure on the
10 year T-bill. The yield is rising
rapidly and mortgage rate index's
are moving up. Once again mixed
data is ending up placing pressure
on a rising market. Factory orders
unexpectedly declined but economist
are placing little importance on
this and stating that there is a
strong possibility that manufactures
and corporation will begin to increase
orders as there is a need to
replace aging equipment. Oil prices
have also eased off of their highs
of last week. This easing is a good
sign for the economy but will cause
mortgage rates to get higher.
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10/03/04
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Markets
(Mortgage rate) Closed
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10/02/04
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Markets
(Mortgage rate) Closed
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10/01/04
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10:07
am The 10 year T-bill is off and
running. The yield is moving up
with complete disregard to the stock
market. This should keep pushing
mortgage rates higher. The bond
speculators believe the economy
is strong and growing. Expect mortgage
rates to go up as the market expects
growth in the economy.
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