|
DATE
|
Mortgage
Rates Information
|
|
2/20/05
|
Mortgage
rate markets closed.
|
|
2/19/05
|
Mortgage
rate markets closed.
|
|
2/17/05
|
11:14 am. The
mortgage rate market is usually
led by the ten year T-bill's yield.
When the yield goes up so does mortgage
rates. Today there is two sets of
data hitting the bond causing the
yield to go up. First. The Fed Chairman
spoke to congress yesterday and
commented that the economy is strong
and that inflation is in check.
This leads traders to believe
that the steady increases in rates
will continue. Second, unemployment
claims came in much lower than
expected. As claims are less the
market reads that as more companies
are highering and therefore there
will be more money for consumers
to spend in order to keep the economy
moving. Both sets of data should
cause concerns for those still waiting
for rates to go down lower. The
markets are stressed to raise rates
add to that the comments and
data similar to those over the
last few days and the markets
will react for the worse.
|
|
2/16/05
|
9:53 am. U.S. home
sales were up over 4%. That would
usually cause the bond's yield to
surge. But there is a hold on market
movement. The Fed reserve chairman
is speaking today on the markets
and their movements. Production
is expected to be slow and the economy
is slumping off the recent trends.
It this holds true, mortgage rates
should relax and hold low.
update:
11:08 am. Greenspans comments appear
to have caused the mortgage rate
markets to adjust higher on rates.
He stated that the economy is expanding
at a solid pace and the traders
began pushing mortgage rates up
immediately!
|
|
2/15/05
|
11:04
pm. U.S. consumers are showing motivation
in purchasing. The numbers for January
are in and show a up tick in consumer
sales. Forecast predicted a slower
consumer purchasing trend but the
numbers now should motivate the
market. Expect rates to trend up
slightly with the economic good
news.
|
|
2/14/05
|
9:59
am. The ten year T- bill has been
going down and the yield has been
moving up. Rates dipped and now
hopefully will recover from
the dip. It appears today the markets
have an eye on the oil prices as
fears that the winter weather may
raise cost on oil.
|
|
2/13/05
|
Mortgage
rate markets closed.
|
|
2/12/05
|
Mortgage
rate markets closed.
|
|
2/11/05
|
11:01
am. The mortgage rate market made
a U-turn yesterday from it's trend
down. Mainly based on the unemployment
numbers appearing better than expected.
Today mortgage rates hopefully will relax
from that trend upwards. The ten
year T-bill's yield sky rocketed
yesterday from below 4.00 up to
4.08. As of this morning the yield
is relaxing down a couple of points
|
|
2/9/05
|
11:22
am. The ten year T-Bill's yield
is going lower. The markets are
down. The data that is pushing the
markets in the down directions seems
to be profit warnings and profit
shortfalls. The economy may have
been slowed by the FED'S aggressive
rate raising or just a short term
slow down. Either way the pressure
is on the mortgage rate sellers
to lower rates until some positive
economic numbers arise.
|
|
2/8/05
|
10:03
am. Markets are still digesting
the beginning of the month data.
Also, the budget issues are weighing
over the traders. So, the markets
are hovering around neutral till
there is data to make moves on.
The oil producing country have stated
that they will keep production up.
Expect crude oil prices to drop
and when they go down there is a
usual spike in mortgage rates.
|
|
2/7/05
|
10:36
am. The congress has received the
budget for next year. Inflation
is stated at 2.4%. The markets appear
to be unsure about how to react
to the purposed budget. The bond
is holding it's yield and rates
are staying in check while the markets
digest the data.
|
|
2/6/05
|
Mortgage
rate markets closed.
|
|
2/5/05
|
Mortgage
rate markets closed.
|
|
2/4/05
|
9:54
am. Big turn around on the bond's
yield today. After the raising
of rates by the Fed and fear of
inflation that pushed the bond's
yield up the turn around is based
on job reports. The jobs report
came in 146,000 less than expected.
After recent trumpeting of the economy
the FED was forced to raise rates
but after weak production orders
and today's poor job reports the
FED may be able to relax on raising
rates at the next meeting. That
is what is driving the yield down
and mortgage rates should follow.
|
|
2/3/05
|
9:37
am. Data is not looking good for
mortgage rate shoppers. Worker productivity
is down and cost increases. Not
to mention, the FED raised rates
yesterday. The bond's yield is moving
higher and mortgage rates will follow
upwards.
|
|
2/2/05
|
2:16
pm. FED
Raised rates .25%
and stated that they will continue
to raise at a measured pace. Expect
Mortgage rates to keep moving up!
|
|
2/2/05
|
11:03
am. Foreign currencies are dropping
in strength versus the dollar. This
is the area that may cause rates
to go up. But as for now, early
numbers are coming in from companies,
showing the economy may be gaining
strength. The rate market has held
steady for the time being. FED WATCH
-RATES MAY GET RAISED.
|
|
2/1/05
|
10:24
am. Construction has begun to expand
compared to last years numbers.
However, in a industrial survey,
manufacture numbers and industrial
orders are down. Both are a sign
of a slowing economy. The bond is
holding steady with mortgage rates.
|
|
|
Back to The Best Mortgage Rate Information
Resource
|
