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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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11/28/04
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2:54
pm Markets Closed HAVE A HAPPY AND
SAFE THANKSGIVING Weekend.
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11/27/04
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10:20
am Markets Closed HAVE A HAPPY AND
SAFE THANKSGIVING Weekend.
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11/26/04
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2:21
am HAVE A HAPPY AND
SAFE THANKSGIVING Weekend.
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11/25/04
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11:21
am Markets Closed HAVE A HAPPY AND
SAFE THANKSGIVING.
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11/24/04
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11:55
am The bond market is sitting flat
today. Basically two opposing market
data came out today. The good news
for the markets (not for mortgage
rates) is that unemployment payment
request are down. The gains in the
bond from that data (higher mortgage
rates) was off set but the major
reduction in durable goods orders
(less durable goods means slower
ordering and slower economy) So
the bond is not moving much today
keeping mortgage rates in check.
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11/23/04
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1:59
pm The oil prices are surging ahead
on concerns that supply will not
meet the demands of winter. The
mortgage rates main competition
for the dollar is the ten year T
bill and the yield on the T-bill
is moving down. As it moves down
so does rates. The higher oil prices
+ the slower the economy =
lower inflation. So, as of today,
all rate indicators lead to slow
growth and low inflation. This should
equal rates staying low
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11/22/04
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11:51
am The bond market is moving in
the direction to hold mortgage rates
in check. Although market speculators
are expecting the fed to raise mortgage
rate indexes (treasury bill) the
oil markets are working against
this speculated adjustment. The
recent lowering of oil prices are
being reversed today and forcing
the price per barrel up. This will
make the 10 year T-bill move down
in price and therefore the mortgage
rates will be held in check.
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11/21/04
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Markets (mortgage rate) are closed
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11/20/04
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Markets (mortgage rate) are closed
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11/19/04
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10:41
am The ten year t-bill yeild is
rising. It appears the dollar is
losing value as fed chair stated
that foreign investors will stop
financing america's increasingly
large debt. The markets are down
but the bond yeild is up. Also playing
into this rising rate markets is
that the oil prices have risen but
investors are scared and pulling
out of the markets back to foreign
investments.
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11/18/04
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11:39
am Unemployment numbers were down
about 3,000 in October. But leading
indicators suggest that the economy
is slowing from growth but there
is no definitive data. This is mostly
speculation of raw data that may
have been skewed because of last
months extremely high oil prices.
The markets are holding with bond
prices up a little.
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11/17/04
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12:16
pm Industrial production came in
high and new housing starts
went up along with consumer prices which rose higher than expected. This all
shows inflation is on the move upwards.
However, today the bond traders
are easing the yield as a buying
surge on the bond rages. This should
hold mortgage rate index's in check-
for today at least. Many speculators
in recent days had expected inflation
to be higher than the data is showing
and they pushed the yield on the
bond higher on speculation. The
numbers came in a slightly lower
than anticipated so the bond's yield
is adjusting down today. This most
likely will not last it is just
a market adjustment - expect higher
mortgage rates on the horizon.
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11/16/04
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11:07
am Producer prices are increasing,
this should have been expected because
of the high oil prices over the
last few months. (However, the markets
are acting as if it is a suprise)
This higher cost to producers is
pushed on to the retailers and then
to the consumers. This all equates
to inflation starting to go up.
When inflation begins to move upwards
so do bond yields. As the yields
move up mortgage rate traders recognize
the Fed will act to try and keep
inflation in check. This means mortgage
rates will be pushed upwards on
this economic data.
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