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DATE
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Mortgage
Rates Information
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1/18/05
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8:31
am. Earnings reports for Q4 are
rolling in today and through the
remaining week. Oil prices are rising
as the outlook for cold weather
continues in the north east. If
the earnings reports for the remainder
of the week are strong there is
a likely hood mortgage rates will
move higher fast. The higher oil
prices are keeping them in check
for the short term.
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1/17/05
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Mortgage
rate markets closed
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1/16/05
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Mortgage
rate markets closed
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1/15/05
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Mortgage
rate markets closed
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1/13/05
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10:02 am. Mixed
data today is leading the mortgage
rate markets lower. The jobless
claims came in 10,000 higher than
expected. However, the retail sales
are looking strong. The 10 year
T-bill has slowed it's advance on
the yield. Expect rates to trend
lower while weak job data flows
in.
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1/11/05
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8:15 am. The
bonds yield is inching upwards as
the dollars value against the euro
is weakening.. Mortgage rates have
been slightly adjusting up and down
over the past weeks. It appears
that as the previous years numbers
are calculated the trend will be
that mortgage rates move ahead towards
several points higher.
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1/10/05
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12:02 am. Oil prices are rising
after recent easing. The markets
are higher today bucking the rend
of recent down days. The major data
on the horizon this week is the
earnings reports due from the last
quarter. For the moment, mortgage
rates are holding as the bond determines
which way its yield should go. It
is all waiting on corporate earnings.
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1/9/05
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Mortgage
rate markets closed
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1/8/05
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Mortgage
rate markets closed
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1/7/05
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11:39
am
- Friday's job reports came in strong.
This should push rates to trend
higher. But the jobs don't appear
to be effecting the market to the
positive movement. The bond traders
and the stock traders are fearful
of the FED's reacting to fast and
hard to positive growth. The Fed
wants to raise rates at a faster
pace than that of recent history.
The markets fear this will stager
growth and the bond is holding until
further data comes in.
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1/6/05
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7:37
am
- The dollar is looking real strong.
But the mortgage rate trends are
going to be on the higher end. The
markets are locked in the Feds comments
that the bench mark rate is to low
to hold inflation in check. This
is an aggressive stance for the
Fed and the markets are stressed
on the comments. The recent tempered
adjustment will speed up and the
stock markets will slump. Mortgage
rates will go higher.
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1/5/05
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11:53
pm
- Some holiday sales numbers are
in and it is a mixed bag of data.
Some retailers were down and manufacturers
were up. Yesterday, the Fed reiterated
their desire to raise rates to keep
inflation in check. Today the mortgage
rate market heard that but remembered
that the raising in rates would
be at a "measured pace".
The rates a trending flat until
Fridays bag full of lat months job
reports and total sales are in.
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1/4/05
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1:38
pm
- Markets are high as data has rolled
in today. Factory orders are up
over a percent. This means manufacturers
are headed into a solid quarter.
A solid quarter shows that the economy
is not slumping. The bonds yield
is moving higher and as economic
data gets better, the mortgage rate
watchers will see them go up. Expect
higher rates as the markets improve.
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1/3/05
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11:35
am
- It appears that in the first full
open market(s) day of the new year
the traders are in a holding pattern.
The markets started off lower but
after data arrived showing that
the economy performed as expected
over the holidays, traders had some
reassurance. So the markets are
moving back into positive territory
and the bonds price is going down.
Expect rates to keep bouncing up
and down until clearer data of the
retail holiday season is in.
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1/2/05
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12:52
am
- HAVE
A HAPPY AND SAFE NEW YEAR. Mortgage
rate markets closed
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1/1/05
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1:04
pm
- HAVE
A HAPPY AND SAFE NEW YEAR. Mortgage
rate markets closed
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12/31/04
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11:33
am
-The numbers for the year are almost
complete. It appears the markets
were better this year than last.
Most tech's showed gains. It appears
that mortgage rate traders are holding
the trend, of the last few days,
and keeping rates in check. Changes
should occur in the mortgage rate
market after the new years. HAVE
A HAPPY AND SAFE NEW YEAR.
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