|
DATE
|
Mortgage
Rates Information
|
|
|
Back to The Best Mortgage Rate Information
Resource
|
|
10/31/04
|
Markets (mortgage rate) are closed
|
|
10/30/04
|
Markets (mortgage rate) are closed
|
|
|
|
|
10/28/04
|
9:21
am Yesterday afternoon the mortgage
rates surged upward. The bond yield
rose over .11 points. Extremely
high for recent days. This was lead
by good sales in the last quarters
by some major companies. But today's
data on jobless claims show that
last weeks jobless claims were up
by 20,000 more than expected. We
have to wait and see about today's
mortgage rates movements.
|
|
|
|
|
10/27/04
|
9:47
am Some are trumpeting the durable
goods orders that are in - up 0.2%.
However, the commerce department
was looking for a number that would
be up 0.6%. This equates to order
estimates over the next 3 years
being down. Investor may look at
this as a downward (slowing) of
the economy. This may push back
mortgage rate movements from yesterdays
mid to late day rally.
|
|
|
|
|
10/25/04
|
8:37
am Index futures in the markets
are down due to the extremely high
oil prices .The ten year T-bill
should be keep going down in the
yield as pressure is place on oil
prices. Expect mortgage rates to
follow. The adjustment down for
rates should be slow but steady
as long as the jobs reports does
not meet expectations.
|
|
|
|
|
10/24/04
|
Markets (mortgage rate) are closed
|
|
10/23/04
|
Markets (mortgage rate) are closed
|
|
|
|
|
10/22/04
|
10:42
am Jobs reports are coming out today
and should lead today's mortgage
rate market. Mix bag of data so
far. Some companies, like MS are
showing low revenues and other IT
firms like Google are surging on
profit reports. All in all Mortgage
rates are staying stable today.
That should change after the job
reports for September arrive.
|
|
|
|
|
10/21/04
|
9:51
am Jobless claims dropped down to
329,000 for the week ending on the
15th. This should be used by bond
traders to show that the economy
is moving upwards. Expect mortgage
rates to react today by moving up
on the good news for jobs.
|
|
|
|
|
10/20/04
|
9:54
am Telecom companies are coming
in today with less than expected
earnings. Follow that with the dollar
losing strength against the Euro.
Mostly because of less foreign investment
in the economy. All together, it
is placing pressure on the bond
and lowering the yield from the
earlier week high. Mortgage rates
should be steady today but keep
in mind the price per barrel of
oil is going down around the mid
53 per barrel price. As oil prices
ease off highs there is a tendency
for the mortgage rate market to
rally and rates go up.
|
|
|
|
|
10/19/04
|
10:22
am The markets yesterday started
down and kept moving in that direction.
However, midday there was a turn
around and the market ended up.
The main cause was the belief in
the reduction of demand for crude
oil. So, although the price per
barrel is at record highs the speculators
believe the demand for oil use will
reduce. ? . This caused the bond
market to go up and mortgage rates
followed. The interesting data out
today is the consumer price index.
Prices came in .2% higher that last
month. This may stall the mortgage
rates from going higher on the short
term, but expect the market to ignore
the report and rebound in late day
trading.
|
|
|
|
|
10/18/04
|
9:39
am The markets are sitting flat
today- so far-. The main factor,
barring any surprise data, is the
high oil prices. Overnight Asian
markets the price of crude oil was
over 55 a barrel. An extremely high
price. Expect mortgage rates to
be held in check as that data moves
into the mortgage rate markets.
|
|
|
|
|
10/17/04
|
Markets (mortgage rate) are closed
|
|
10/16/04
|
Markets (mortgage rate) are closed
|
|
|
|
|
10/15/04
|
8:47
am Early morning data is rolling
in and it is lead by auto sales.
This raised the consumer spending
on retail sales to a six month high.
The markets would usually rally
on like data. Most likely we will
see the bond advance as the market
is looking for any good news to
rally on. But with oil prices at
record highs the consumer is likely
to slow spending. Expect the mortgage
rate traders to push rates up today
and wait on more of the numbers
to begin to come in.
|
