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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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11/15/04
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12:36
am The markets are sitting flat
but on lowered oil prices the bonds
price is dropping and the yield
is rising. This will result in rates
moving higher.
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11/14/04
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Markets (mortgage rate) are closed
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11/13/04
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Markets (mortgage rate) are closed
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11/12/04
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11:40
am *Post Fed Interest Rate raising*
the bond markets yield rallied to
a high. But today the 10 year T
Bill bonds buying is back driving
the price higher and the yield lower.
Lower yield on the bond usually
= lower mortgage rates. The mortgage
rates have not moved much lower
since there early week jump. But
at least the bond movement will
help stabilize rates from going
higher. The data coming in will
be on retail and consumer sales.
Next week should be very telling
on data about the consumer.
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11/11/04
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1:53
pm The Fed raised rates yesterdays
and the rates reacted. The continuing
of oil prices falling is also putting
pressure on the bond traders. Expect
rates to keep going up over the
next few days. (Bond market closed
for veterans day)
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11/10/04
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10:18
am Mortgage rates are up as the
markets expect the fed to raise
rates. As economic data rolls ins
slowly the news is not bad for the
economy but not that great is you
are looking for lower mortgage rates
today. Rate will go up.
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11/09/04
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11:24
am The Federal Reserve meeting is
tomorrow and rates will be moved!
Expect a .25% raise in interest
rates and mortgage rates will reflect
the Fed's activity. As usually the
key to the Fed's meeting is not
the actual rate adjustment it is
the statement about economic data
and future analysis that they publish
post meeting. Oil prices have eased
but the market is un easy on the
expectations of what the Fed might
say. So as of today the markets
are holding but not sure of which
way to go. If you are looking to
lock in a mortgage rate consider
making the choice today before the
market adjust tomorrow.
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11/08/04
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10:38
am The bond price is raising as
the fed is expected to raise rates.
Following the recent job data the
mortgage rates have move upward
and after the fed's auction this
week the rates will move even higher.
Expect the rates to go up a minimum
of a .25% as the markets worries
on oil supply eases and the Fed
raises rates.
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11/07/04
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Markets (mortgage rate) are closed
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11/06/04
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Markets (mortgage rate) are closed
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11/05/04
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10:04
am 337,000 new jobs added in October.
BIG news for the mortgage industry!
Rates will move on this data. The
jobless claims have also gone up
to 5.5% up .1. But the new job reports
will run away the bond market as
it has been waiting for months to
have a reason to rally. Expect rate
speculators to suggest the Fed Chairman
will raise rates several more times.
Keep in mind many (up to 100,000)
of those new jobs were from the
South East U.S. hurricane repair
market. So jobs may be seasonal.
But all in all - up beat data
on the jobs will equate to lower
bond prices and higher mortgage
rates.
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11/04/04
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12:25
pm New state jobless claims were
down and worker productivity slowed.
This should have rallied the bond
market and caused rates to move
higher. (they are both signs of
a recovering economy, - lower productivity
suggest employers need to higher
more workers to increase productivity).
The markets appears to be ignoring
them and the bond's yield is moving
downward. It may be that the markets
are waiting for more data coming
in tomorrow. The employment report
will come out on Friday and give
us some new job creation data which
will be more telling on the way
mortgage rates will move!
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11/03/04
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10:18
am Election results are in and the
markets are enjoying a major rally.
Currently up over 100. The bond
market is in a rally and mortgage
rates are moving up fast. Expect
the mortgage rate traders to push
the bond's yield higher and mortgage
rates will go up.
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11/01/04
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10:18
am A Mix bag on the markets this
morning. The traders are hanging
in waiting for the election results
before any major move. An interesting
report in is the data showing that
spending by the consumer went up
3 times more than the consumer average
income. This does not go well for
the economy. The money being spent
is 3 times more than what is being
brought in. This will result in
debts and in the slowing in the
ability for the consumer to keep
up standing. Mortgage rates are
in check for a time being. But the
days ahead may be rough for mortgage
rate traders.
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