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DATE
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Mortgage
Rates Information
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12/30/04
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10:49
am
- Good data for those watching rates
and hoping that the recent increases
would ease off. As of recent data,
most traders believed, the markets
were recovering at a steady and
constant pace. There for, the bonds
yield was surging forward pulling
mortgage rates with them, but this
morning the Chicago manufacturing
index unexpectedly showed a major
slowing in production. This stop
the fast surging of the bond and
it should lower mortgage rates.
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12/29/04
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11:40
am
- Home resale's numbers have rocketed
up. This a may show the economy
is still going to be strong because
home sales leads the numbers in
the economy. The bond is holding
steady today because of other weak
market conditions, expect mortgage
rates to trend steady until more
data is in after the new year.
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12/28/04
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8:07
am
- The endless attempts by the Federal
Reserve to slow any hope of growth
in the bond has been achieved.
The bond markets have increased
their yields fast. They will end
the year with high yields and low
prices. This will means that the
mortgage rates should keep their
trend this week of moving up.
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12/27/04
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10:27
am
- The U.S. dollar is weakened by
economic data and the pressures
created by the Fed raising rates.
The weak dollar means that foreign
investors are beginning to pull
out funds to invest in other currency.
This means that Money is being
pulled from the T-bill and as a
result the bond needs to get cheaper
and give a higher yield to help
interest foreign investors. As the
yield goes higher so do mortgage
rates and it appears they are going
to end the year higher.
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12/26/04
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12:21
pm
- Have a Happy and safe Holiday Weekend.
Mortgage Rate Markets Closed.
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12/25/04
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12:19
pm
- Have a Happy Holiday Weekend.
Mortgage Rate Markets Closed.
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12/24/04
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11:05
am
- The Dow is riding on a high after
a 3 year top level closing this
week. The traders are preparing
for the holiday and the bond is
holding steady. Have a happy and
safe holiday. Worry about mortgage
rates next week.
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12/23/04
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9:32
am
- Higher durable good orders. The
average income of the American worker
is increasing in November and now
December. Also retail sales are
higher as personal spending is up
in November. This all may be from
the holiday seasons but the markets
are not missing a chance to make
money. The bonds yield is going
higher and rates may adjust up!
today.
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12/22/04
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7:44
am
- The end of the year is coming.
Every year the markets seem to surge
as investors buy up stocks and bonds
as gifts. They also adjust their
portfolio to account for tax reasons.
This usually starts around the 20th
and continues till the years end.
Expect the Stock market, bonds,
and mortgage rates to move higher.
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12/21/04
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12:02
pm
- The main mortgage rate indicator
is sitting flat today. The ten year
T- bill has not moved it's yield.
Keep a look out for the stock market
to rise in pre holiday buying. Not
to mention last weeks slumped left
many stocks under priced. As the
buying in the stock market increases,
traders will pull their capital
out of bonds forcing the bonds yields
to go up and mortgage rates will
go up them.
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12/20/04
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7:40
am
- Pre market opening data is all
showing that the major indexes that
predict the economy will be up.
After recent Fed moves to raise
rates, the traders believe there
will be growing (slowly) economic
base and less people filing for
unemployment. Expect the yield on
the 10 yr T-bill to be up and push
mortgage rates slowly up with them.
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12/19/04
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5:23
pm
- Markets Closed
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12/18/04
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10:22
am
- Markets Closed
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12/17/04
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7:54
am
- The Ten Year T-Bill took the express
lane to higher years yesterday.
As the markets connected with the
Fed's data. Mortgage rates adjusted
upwards fast and steady all day
yesterday. As of today, the Ten
Year T-bill is easing it's yield
and mortgage rates may relax after
some economic data that the foreign
markets may be stronger than the
market had expected.
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12/16/04
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7:14
am
- On early morning trading the markets
are up. The yield on the 10 year
T-bill is moving up also. The markets
have digested the Fed's .25% rate
increases and is finally beginning
to adjust mortgage rates to that
movement. Expect the markets to
continue to move upwards today and
carry mortgage rates with them.
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