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DATE
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Mortgage
Rates Information
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3/15/05
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10:32
am. Consumer spending has risen
and retail sales are up. This is
a needed report for traders to try
and give some hope that the economy
is not in a inflationary mode. The
consumer spending may have been
spurred on by early tax refunds,
so the joy over the economic data
has been held in check. The recent
highs in rates, and it trend to
stay up, may slow while good economic
data flows in to the mortgage rate
market.
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3/14/05
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10:28
am. The bond market has been down
and their yields have been
sky high. It appears that there
are a variety of factors causing
this high yield movement. There
maybe some good news this morning.
OPEC may be raising production to
reduce the cost per barrel.
That may lower inflation fears.
If that fear eases, than the markets
may relax and rates could go down.
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3/12/05
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Mortgage
rate markets closed. Expect rates
to jump up after this last week
has been the highest adjustment
for the 10 year T-bill in the past
several months.
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3/10/05
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10:06
am. After the last two days of tumbling
T-Bill prices have finally begun
to slow down. The new jobless claim
reports came in today. It appears
jobless claims are up and unemployment
is at a two month high. This may
slow the fast rising mortgage rates.
Expect rates to trend higher but
hold while the weak job data shows
up.
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3/9/05
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9:59
am. The ten year T-bill's price
is falling fast and it's yield is
sky rocketing. Rates will go up
fast. This has occurred mainly from
the out of control prices for Oil.
Oil prices have risen out of control
and that is flaming the fears of
inflation. Expect rates to stay
high as long as the price per barrel
is high.
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3/8/05
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6:58
am. Confidence in the markets are
slumping this morning. Several large
corp. are showing less than expected
earnings. However, The gains over
the past week and will hold rates
at the high point. Expect rates
to keep their higher trends.
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3/5/05
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Mortgage
rate markets closed.
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3/3/05
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11:11
am. Tax refunds are rolling in and
the consumers are spending them
at retailers. This will result in
stronger numbers for retail sales.
A few pieces of interesting data
is that production is up at manufactures
put pay has not increased. Expect
rates to keep there recent trends
upwards but probably not as dramatic
and fast as in the last few days!
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3/1/05
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12:17
pm. Yesterday was a tough day
if you were holding on to hopes
that rates would go down. The market
got data which should have cause
rates to go down but then the main
information that scared the market
rolled in. The fears of inflation.
The major market surveys of
inflation factors showed that it
is rising, this is what the Fed
Chair has stated will cause them
to raise rates. Expect mortgage
rates to move up as long as inflation
is a factor.
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2/28/05
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10:26
am. The mortgage rate traders have
been ignoring the economic data
showing economy is slowing. The
have pushed the yields on the T-Bill
up and mortgage rates have followed.
Housing starts for January were
down and watch out for the mortgage
market to ease off its high on this
data.
3:34
pm - Mortgage
Rate Update
- The markets are getting bad for
low rate watchers. Interest Rates
are moving up fast! INFLATION Fears
on the rise! RATES ARE GOING UP!
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2/27/05
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Mortgage
rate markets closed.
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2/26/05
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Mortgage
rate markets closed.
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2/24/05
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11:49
am. Durable good orders are down.
Why should this matter to some one
searching for low mortgage rates?
Well, Durable goods are basically
all the consumer products sold on
the market (Meaning at retailers).
So when the orders to manufactures
of these products are lower it means
the retailers are not finding much
demand. This shows a slow down in
the part of the economy that has
always been strong - THE CONSUMERS-. The lowering is a slump in
the last three months of improvements
but it is also joined by the increase
in jobless claims. Once again, claims
have been going down and this is
yet another piece of data that should
affect mortgage rates. Mortgage
rates will probably not go down
on one months data, even thought
they would sky rocket if the data
was good! Expect rates to hover
and wait for more data.
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2/22/05
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1:50
pm. Oil prices have moved upwards.
The price per barrel has been pushed
up based on harder winter demands
and a increase in the demand for
petroleum from European nations.
This usually acts as a slower to
the economic recovery. Usually bond
prices go up and yields (with mortgage
rates) usually go down. However,
the mortgage rate market is concerned
over the FED's changing notion that
they must continue to raise rates
even though the economy may be sluggish.
That is pushing bonds to trend steady
and for mortgage rates to inch upwards.
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2/21/05
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11:19
am. Mortgage rates are trending
upwards as many large companies
are showing and increase in profits
for the last quarter. The increase
may have been driven by seasonal
and holiday sales but the mortgage
rate traders are looking for any
reason to push rates up. After the
Fed's meeting with congress the
traders seem to expect the lending
rate to continue to increase and
so will rates. Mortgage rates will
go up as long as positive numbers
for the economy roll in.
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