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DATE
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Mortgage
Rates Information
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7/9/06
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10:22 pm. The
Federal Reserve's interest
rate adjustments may have finally
showed the results that they where
intending to achieve. The earnings
reports from several large U.S.
companies where less than expected
and job growth slowed (although
not desired) and was less than
expected. This shows that the rate
hikes have slowed the economic growth
and may have held inflation in check.
The real key has also been the higher
energy prices. They also placed
brakes on the economy. Rates have
moved up but many speculators seem
to think that the Fed is done raising
rates since this most recent data
has shown the economy slowing (but
that is just speculation).
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6/29/06
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4:01 pm. The
Federal Reserve has raised interest
rates another .25%. Expect mortgage
rates to move upwards as the Fed
continues to try and slow the home
sale markets and ward off inflation.
This interest rate raise will most
likely affect those that have adjustable
rate mortgages and equity lines/loans.
Those loan types will have higher
payments in the near future.
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6/14/06
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1:31 pm. The
core inflation rate is up .4%. The
stock markets have been in decline
for over a week and there is all
the reason to expect the Federal
Reserve to increase rates. This
data would seem mixed but it is
pretty clear that the recent drop
in rates, which was just a
real short term small slope, is
over and rates will go up in order
to avoid inflation.
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5/24/06
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4:55 pm. New
home sales are surprisingly up,
however, home prices are dropping.
The markets have been unstable recently
because of worries that the consumer
may be slowing spending. This slowing
may be caused by high energy prices.
But with this recent home sales
data, fears that inflation is on
the rise are showing up in the markets.
Mortgage rates may go higher as
trader fear the FED will once again
raise interest rates.
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5/5/06
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12:48 am. The
economic data from April may have
cleared up some economic questions
that have been hovering around for several
months. Jobs where added last month
but not as many as expected. This
is actually strong data for mortgage
rates. It shows that the economy
is growing yet it is held in check
and not growing too fast. This may
mean that the Federal Reserve
may not raise rates. Stocks have
started the month surging higher
which may be why rates have not
dropped fast. If the economy stays
strong and the markets slow down
then rates may dip.
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4/21/06
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12:48 am. Oil
prices are surging higher. Higher
prices usually equal less money
in the pockets of the consumer.
This may slow the economy over the
summer. A slower economy will help
to control some factors that would
led the Federal Reserve to raise
rates. But don’t expect mortgage
rates to go down. Mortgage rates
should stay high as long as fears
of inflation are around and traders
are worried about the direction
of the economy.
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4/15/06
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3:45 pm. For
the last four weeks the dollar has
been gaining strength. This is good
news for the American markets but
bad news for those whom are waiting
for rates to go down. A strong dollar
will lead to fears of inflations
and a belief that the Federal Reserve
will continue to raise rates. Expect
mortgage rates to keep trending
higher.
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3/28/06
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2:24 pm. The
Federal Funds rate has been raised
by .25%. Expect rates on mortgages
to move upwards. The inflationary
factors seem to be on the rise even
though new home sales have
slowed and prices have stopped rising. The
new Fed chairman appears to be staying
with the similar formulas of rate
adjustments that the previous chairman
used. So rates should be trending
higher.
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3/10/06
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11:48 am. Mortgage
Rates Have Been Rising. Expect rates
to keep moving up as they hit a
three year high. More jobs have
been added to the economy and incomes
have grown. The housing market appears
to be slowing. With Oil prices rising
and inflationary factors looming
the Federal Reserve looks poised
to raise rates at their next meeting.
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2/28/06
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3:46 pm. The
markets have had a great gains this
month but they are ending it on
a down note. The Federal Reserve
has seen some data that shows inflation
may be on the rise. New home sales
are down and sales of resale homes
are also down about 3%. Along with
that data consumer confidence is
down. Rates may dip in the short
run but most likely will hold steady.
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2/1/06
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12:32 pm. The
Federal Reserve chairman has retired.
A new chairman has been sworn in
and the last meeting under Greenspan's
leadership the Fed raised rates
.25%. The meeting notes seem to
state that the Fed will not be raising
rates unless the markets show inflation
factors. However, with a new chairman
onboard the markets are wondering
how the Reserve will move. Expect
some bumpy trends in the rate markets
as mortgage traders try to read
the Federal Reserves' actions.
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1/19/06
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4:45 pm. After
several days of the markets slumping
the stocks have made a comeback.
Fear of inflation is on the rise.
This means that speculators are
under the belief that the Federal
Reserve may not stop the interest
rate raising trend of recent history.
Most had thought that the
raises where over but with inflation
fears on the rise, home sales down,
valuations of properties dropping
many believe the Fed's will be forced
to raise rates again. Currently
the markets are holding but mortgage
rates may be at their lows. Expect
the rates to move up as inflation
fears grow.
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1/9/06
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11:12 am.
Is the Housing Boom Over? That seems
to be what the markets are believing.
It has put some ease on mortgage
rates. Mostly the ease has arisen
in the belief that since the housing
market has dipped the consumer will
slow their spending habits. The
logic being the slower the spending
rate the less inflation and then
there is no need for the FEDERAL
RESERVE to raise rates. Atleast
that is the basic logic driving
rates down. Along with the slower
hosing data the economy added jobs.
The only problem was that it added
less than half of what was expected.
That may also show a slowing economy.
Expect mortgage rates to hold and
maybe even dip.
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1/4/06
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1:22 pm.
The Federal Reserve's notes appear
to state that they have come to
the end of the rate raising trend.
Although, it appears to state that
they will be watching the markets
carefully and will adjust the rates
as needed. In the markets,
factory orders are up for the second
month in a row. Further, the dollar
has dropped in value against the
euro. All in all the data, in regard
to mortgage rates, is mixed. There
for, rates should hold steady pending
further employment and retail sales
reports.
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12/28/05
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11:15 am. Consumer
confidence is unexpectedly higher.
Rates are holding stable. Be aware
that mortgage applications for the
previous week are the lowest in
the last three years. This may have
been a result of the holidays but
some speculators are worried that
it may be a result of a down turn
in the economy. More worries have
been formed because of trading actions
yesterday, for a short period over
the last several days there has
been an inversion of yields on the
treasury bonds. This means that
the yield for a short termed bonds
were briefly higher than the yields
on a longer termed bond. It has
been over five years since this
has happened and it is usually a
signal of mortgage rates moving
and a weakened economy.
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12/23/05
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8:52 pm. After
last weeks interest rate raise by
the Federal Reserve, many thought
mortgage rates would soar higher.
However, rates have been held in
check mainly because of the markets
feeling that the Fed maybe done
raising rates. There is also string
economic data showing that new home
sales are up, resale's are down,
the economy is growing but at a
measured paced, so all this information
is keeping inflation in check. As
long as inflation is held low, mortgage
rates will stay reasonable.
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