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DATE
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Mortgage
Rates Information
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3/31/05
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10:42 am.
There is little doubt that the Fed
is going to raise rates next meeting.
The question is whether it will
be a half or a quarter point hike.
As of data today, unemployment is
up and consumer spending is held
in check. These both show inflation
factors. Mortgage rates will probably
hold fast until more data on the
economy and inflation comes out.
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3/30/05
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4:47 pm. Oil
prices have fallen slightly today.
This has started a rally on the
stock markets and therefore the
bond yield's is easing. Don't expect
mortgage rates to trend down during
this minor adjustment period. The
Federal Reserve has again pushed
the notion of higher rates, so expect
mortgage rate traders to listen.
Mortgage rates will stay higher.
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3/29/05
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11:28
am. The U.S. consumers confidence
is dipping as looming gas prices
keep their steady march higher.
The Fed is unwilling to step in
and try to slow the pace of gas
prices. This is putting fear into
the consumer. The more expensive
oil the more expensive the production
and transportation of all consumer
goods. The bonds yield may go down
but expect rates to hold at their
higher recent numbers.
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3/28/05
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11:30
am. The dollar is gaining strength
today. This will keep interest rates
up. Numbers on the retail sales
and strength of the economy are
being compared to European numbers.
It appears the American economy
may have had a better showing last
quarter. The bond's yield is trending
higher and rates are following.
Expect mortgage rates to keep their
steady march higher.
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3/27/05
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Mortgage
rate markets closed.
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3/26/05
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Mortgage
rate markets closed.
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3/25/05
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12:15
pm. The post Fed Meeting interest
rate market is a weary one. Rates
have steadied some what higher than
last week, but fears of further
trending higher are on the horizon.
The notes from the Fed meeting make
mention of fears of continuing inflation.
The markets expect an up tick in
the pace of the Fed raising rates.
Mortgage rates in all likelihood
will not go down any time soon.
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3/24/05
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2:04
pm. The new home sales rose by the most in four years!
This may be good news to hold inflation
in check. Do not expect rates to
go down. The markets are still worried
about oil prices and production.
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3/23/05
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11:25
pm. The Fed raised the overnight
rate by .25% yesterday. This has
been spurred on by fears that inflation
is looming over the markets. Some
speculators expect rates to keep
being raised until the overnight
rate is around 4.0%. To back up
the concerns of inflation is data
in today that shows consumer prices
are up. Follow that with the extremely
high price of crude oil and there
is a poor outlook. Expect mortgage
rates to trend higher.
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3/20/05
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Mortgage
rate markets closed.
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3/19/05
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Mortgage
rate markets closed.
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3/17/05
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3:29
pm. After the month long surge in
t-bill yields, today arose a lowering.
Investor are pulling capital from
the riskier investments and placing
them in to bonds. They will probably
begin to invest in mortgage backed
equities and begin to push the mortgage
rates market down.
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