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DATE
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Mortgage
Rates Information
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7/26/05
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6:46
pm. The yield on the ten year T-bill
dropped slightly today. Due mostly
in part to shocking consumer confidence
numbers. The economic numbers recently
have been strong including new home
sales and consumer good purchases.
That data is why it was a surprise
to the market that consumers
are concerned over prices and the
economy. It appears mortgage rates
will hold strong for the time being
and not go down. The traders will
wait for more data at the end of
the week to determine what the mortgage
rate market should do.
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7/14/05
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4:15
pm. After last weeks jobless claims
rise, retail sales rose today. With
higher retail sales there is fear
that the FED will think inflation
is rising. inflation on the rise
then rates will go higher.
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7/6/05
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3:14
pm. The ten year 10 bill's yield
is soaring high. Expect rates to
go up! Oil prices have raged higher
on expectations of weak supply and
high demand over the upcoming winter.
Higher numbers show and increase
in supply and service area jobs.
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7/4/05
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12:58
pm. Have a Happy, Healthy and Safe
4 of July weekend! From all the
loan officers that help with Marylandlending.com
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6/30/05
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12:07
am. The ten year T-bills' yield
had been retreating over the past
few days. Mostly on concerns over
the economy and high oil prices.
today the yield s have begun to
move up as the traders have begun
to expect that the FED chair will
again raise rates.
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6/26/05
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9:56
pm. Expect concerns over oil price
to stay in the minds of market traders.
There may be a rebound in the morning
on stocks after last weeks fast
downturn. Midday market movements
should determine how mortgage rates
will move this week.
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6/22/05
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10:59
pm. Oil prices rise again but the
rate markets are watching global
growth. With numbers today showing
that not only the economy at home
slowing but international economic
numbers are slumping too. On this
data, speculators believe that market
and mortgage rates will have
to stay low because the FED will
have to stop raising rates. Expect
the Mortgage rates to adjust tomorrow
after today's data.
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6/20/05
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3:41
pm. Oil prices, once again, surge
higher. It is hard to believe how
high oil has moved in such a short
span of time. It appears that the
suppliers are having difficulty
keeping up with production demands.
The ten year T-bill seems to be
ignoring the surging oil prices
and it is pricing downward pushing
the yield and along with that, mortgage
rates, higher.
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6/16/05
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5:04
pm. Oil price per barrel is up and
housing starts are down. The Mortgage
Rate market has been going up and
moving fast. Mostly on fears of
the FED trying to continue in the
path of raising rates.
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6/10/05
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1:26
pm. The trade deficit widen , mostly
led by imports. The widening appears
to be less than expected but
mortgage rates went up! The change
in rates appears to be based less
on the imports and more on speculations
about the Fed's Chairs next move.
After this weeks statement that
the economy appears to be on 'firm
footing' the markets expect the
Fed to continue on the path or raising
rates. .
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6/9/05
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1:24
am. The markets have been a roller
coaster of movement over the past
week. The rates shot down on Monday
because of the news that the FED
may not be raising rates. On Tuesday
the market recovered after major
companies stated restructuring and
therefore increases where made in
stocks causing the bond price to
go down. Since then the T-Bill has
recovered and rates have stabilized
between Monday's lows and Tuesday's
highs.
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6/2/05
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11:12
am. The question has been.. What
happen yesterday to the Ten Year
T-bill? The ten year T-bill had
a dramatic price surge and yield
drop. The drop was almost .10 percent.
Not sure what is going on? or How
does that affects your search for
the best mortgage rate. O.K.
Lets
translate what happened.
Over
about the past year the FED chairman
has been regularly raising the fed's
fund rates at a quarter point interval.
This has been what has moved mortgage
rates up steadily. Most bond traders
and mortgage rate watchers expected
to see this rates raising to continue
until the FED's fund rate was within
the 4.5% range. At that range the
mortgage rates would be in the 7%
to 8% range.
But
yesterday, on a popular cable market
news channel, One of the FED's board
members stated that the FED's
policies of raising rates was in
the ' 8th inning' which infers
that the rate hikes are almost over.
This would mean about 1% lower than
expected. So the markets reacted
fast. Rates went down. In all likelihood
the markets will rebound and rates
will adjust up.
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5/31/05
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9:44
am. Memorial
Day Weekend is over and traders
open the market down. The price
on the ten year T-bill is up and
yield is moving down. Expect rates
to stay at there recent lows until
the stock markets surge higher.
Mounting fears over weak sales and
oil prices may be hampering the
markets. Mortgage rates appear to
be holding.
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5/29/05
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Mortgage
rate markets closed. Happy Memorial
Day Weekend!
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5/25/05
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11:46
pm. U.S. oil inventory is slumping.
Worries of oil supply have been
edging into the market for more
than several days now. The markets
have not responded well to the troubling
oil data and price per barrel has
gone up! The Government is unable
to do anything to help lower
the prices and the markets are fearful.
This would normally be good news
for mortgage rates but the markets
are not reacting positive. Above
all this data on oil the mortgage
rate market is scared of the Fed
chairs continuing desire to raise
rates. So mortgage rates will move
up on these fears.
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5/24/05
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9:56
am. The price of treasuries are
rising as the market watchers are
reviewing the FED's notes. This
price rise has been on for the last
several days. As stated before,
The price of the bond goes up the
yield goes down. As the yield goes
down mortgage rates will follow
downward. Expect lower rates on
weak economic data. Weal data will
result in the markets belief that
inflation is held in check!
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5/21/05
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9:54
am. This past week was a mix bag
of data on the mortgage rate markets.
Friday ended the week with some
interesting data from the FED chair.
He stated that the housing boom
may be unsustainable. The housing
boom is what has keep the economy
moving when everything else has
stopped. The market is fearful of
the looming possibility that housing
starts slow and mortgage interest
rates go up. Rates have held steady
this week after a short surge higher.
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5/17/05
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2:10
pm. Industrial production slows
as producers costs are on the rise.
It may be the higher cost of oil
which places expenses across the
markets. The bond looks at this
as a slip in the economy and it
appears the FED may ease off of
the raising rate trend.
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5/11/05
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11:54
am. The trade deficit narrowed last
month and the dollar gained strength.
The newly acquired strength is drawing
investors to the bonds and allowing
them to raise their prices while
lowering their yields. As the dollar
shows strength expect a short term
rate easing.
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5/9/05
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11:54
am. After last weeks tumble of
the stock markets, they open this
week with a surge. Strong
statements by corporations have
spurred on trading and the markets
look ready to rise. Expect the ten
year T- bill's yield to move higher
and push mortgage rates up!
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5/8/05
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Mortgage
rate markets closed. Happy Mother's
Day!
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5/5/05
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11:27
am. The slowing economic numbers
have forced employers to cut back
on hours that employees can work.
This will save money for the companies.
It also forces the employee to be
more productive in the shorten work
hours. This is a positive for the
employer but can weaken the low
mortgage rate markets.
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5/3/05
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2:20
pm. Mortgage rate traders are looking
at the FED Reserve today. They have
raised the RATES
A .25%.
Also, they have left the language
that the raising will occur at a
"measured
pace".
So traders will expect a consistent
raising of rates over the next FED
meetings. The day will tell about
how the markets will react.
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5/2/05
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11:44
am. Oil prices have eased to around
the $50, this has eased some concerns
of the markets. As oil prices have
gone down the stock markets are
going higher. Interesting note,
is that last months manufacturing
orders where down. This shows that
retailers are either well stocked
with inventory or expect consumers
to slow their pace of purchase.
Either way, the mortgage rate traders
are looking at the FED to adjust
rates up a .25% and then to ease
raising after that adjustment. So
the market for mortgage rates are holding
on the economic news but traders
are trying to push rates up in the
expectation of the FED movement.
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4/29/05
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1:18
pm. Consumer spending rose in March.
Along with the raise in spending,
incomes increased. The markets expected
a stagnant growth scenario. So this
is positive data for the economy.
Maybe, not so positive for mortgage
rates. Usually, when income and
spending rises inflation follows.
As stated many times before, Inflation
will equal higher mortgage rates.
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4/28/05
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10:52
am. U.S. GDP numbers are in and
they show a slowing economy. Inventories
are high and consumer is spending
less. Be aware that inflation is
on the rise. Usually this push mortgage
rates higher, but the weak economic
news has held the markets in check.
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4/26/05
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2:14
pm. Consumer confidence is down.
This usually results in the lowering
of rates by the markets. But, hold
on. Sales of homes, surprisingly,
went up!. This leaves the markets
to assume that the increase in sales
means that consumers, although less
confident, are still spending and
will keep the economy moving forward.
Expect mortgage rates to inch higher.
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4/24/05
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1:54
pm. The bonds yield close down on
Friday after several days of going
higher. This movement was spurred
on by slowing in consumer spending.
As stated many times last year,
consumers have held this economy
together. If the consumer begins
to spend less, expect the economy
to be in trouble. As the numbers
on consumer expenditures go down,
expect mortgage rate markets to
more with them.
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4/21/05
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6:44
pm. The stock markets are on the
rise today. Earnings reports are
in and the market has digested them.
The ten year T bill is moving down
and its' yield is sky rocketing
up. Expect rates to move. They will
go up fast.
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4/20/05
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10:24
am. The economic data, Till today,
was looking great for low mortgage
rate wishers. But the most dreaded
word, associated with higher mortgage rates,
was surging across the markets this
morning, INFLATION. The core prices
consumers pay for goods has unexpectedly
risen. The mortgage rates will follow
that path and will rise until inflation
is proven to be over stated.
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4/19/05
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11:09
am. Prices have risen but less than
expected. This is key for the future
of mortgage rates. If the prices
rose faster, or as expected, Mortgage
rates may surged higher. But since
the price reports show the numbers
are lower than expected, the fear
of inflation is easing. Some speculators
believe the FED may be done raising
rates for the near future. Expect
mortgage rates to ease on this recent
pricing data.
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4/18/05
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11:59
am. The U.S. markets are still losing
value. Earnings from major companies
are down. Expect mortgage rates
to hold at their current lower rates.
The rates had been trending upwards
until last week. They are in a holding
pattern while more economic data
rolls in!
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4/17/05
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Mortgage
rate markets closed.
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4/16/05
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Mortgage
rate markets closed.
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