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DATE
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Mortgage
Rates Information
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3/07/07
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3:23 pm. Bond
traders are trying to figure out
where the markets are going. The
economy has dipped but economic
numbers are showing a softer landing
than expected. More economic data
will be coming in the next few weeks.
As for mortgage rates, they are
inching upwards as members of the
'fed board' are suggesting that
inflation remains stubborn and that
inflationary factors are still present
in the economy.
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3/05/07
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1:05 pm. The
Markets have been slumping due to
international pressures and an apparent
slowing on the economic home front.
This should cause a surge in the
bond markets and therefore result
in lower interest rates. BUT, that
has not happened. It appears that
the Federal Reserve chairman has
hinted that their will be no decrease
in the Fed's fund rates within the
near future and therefore rates
are holding steady. The markets
are worried and so are the bond
traders. So all this inaction is
holding rates.
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1/31/07
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2:56 pm. The
Federal Reserve ended their two
day meeting on the economy. As expected
the Fed left interest rates unchanged.
Good News - huh? Not so fast. the
Fed raised major concerns over inflationary
factors in the economy. Most bond
traders expected strong economic
growth and low inflationary factors.
This would mean possible rate reductions
in the upcoming meetings. However,
the Fed appeared to leave the door
open to future rate increases due
to fears of inflation. Expect rates
to inch up.
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1/29/07
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11:25 am. Lock
em in if you got em! It appears
that market speculators are awaiting
the Federal Reserves actions this
week and they are also awaiting
a large amount of domestic numbers
to be released. All in All it
appears that the warmer than expected
winter may have counteracted
the slumping resale numbers and
the bonds may be poised for a major
sell off. If this sell off occurs
within the upcoming weeks than mortgage
rates should move upwards.
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12/09/06
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11:25 am. Mortgage
rates
have moved down. The Fed seems
to want to keep them high but the
market feels otherwise. Bond traders
appear to think that the Federal
Reserve will reduce rates by .25%.
The Fed appears to be worried about
recent data that shows consumer
confidence is down and that unemployment
is higher than expected. All in
All it appears to be a mixed bag
of economic data and the markets
are concluding that mortgage rates
should move down slowly, but they
are very low right now compare to
previous months.
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11/02/06
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5:47 pm. Rates
have slowly moved down but recent
data may change that movement. Labor
cost have increased and production
has slowed. With the increase in
cost of production the speculators
may have changed their expectations
that the Federal Reserve was going
to lower rates within the early
new year. As long as cost increase
and production decreases inflation
fears will most likely cause the
Federal Reserve to keep rates unchanged
or adjust them upwards.
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9/19/06
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2:57 pm. Rates
have been going down. This has been
caused by several reasons. The rate
of inflation seems to be in check
and the possibilities that the Federal
Reserve will raise rates is low.
The Fed may not raise due to the
slump in new home sales and the
lowering in request for permits
to build. Oil prices have also eased
off of their highs. Rates have been
dropping. However, with the
upcoming holiday seasonal shopping,
spending by the consumer will end
up determining how the mortgage
markets will perceived future rate
hikes.
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8/23/06
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2:39 pm. July's
home sales have turned out to be
lower than expected. Although, oil
prices have eased off of their highs
the market traders are worried that
the damage to the economy may have
already been done. Slower home sales,
11 out of the last 12 months, means
the consumer is concerned about
the economy. The federal reserve
has also hinted that inflation factors
may still be present in the economy.
All in the outlook is that rates
will probably still move higher.
Expect a.r.m.s and second mortgages,
that are variable rates, to be affected
by this most recent market news
and data.
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8/01/06
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6:32 pm. The
data is in and those that expected
the Fed to be done raising rates
may have to rethink their position.
The market's signs are showing
that inflation is strong. With strong
inflationary factors and the Fed
hinting of a 50/50 chance of a rate
hike there seems to be higher mortgage
rates in the near future.
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7/19/08 - 9/28/08 | 4/23/08 - 6/29/08 | 4/20/08 - 8/10/07 | 3/09/07 - 7/17/07 | 8/01/06 - 3/07/07 | 12/23/05 - 7/09/06 | 9/9/05 - 12/10/05 | 8/2/05 - 9/8/05 | 4/16/05 - 7/26/05 | 4/01/05 - 4/15/05 | 3/17/05 - 3/31/05 | 2/21/05 - 3/15/05 | 2/01/05 -2/20/05 | 1/19/05 - 1/31/05 | 12/31/04 - 1/18/05 | 12/16/04 -12/30/04 | 11/29/04 - 12/15/04 | 11/16/04 -11/28/04 | 11/01/04 -11/15/04 | 10/15/04 - 10/31/04 | 10/01/04 - 10/14/04 | 9/17/04 - 9/29/04 | 9/16/04 - 9/7/04 | 9/6/04 - 8/26/04 | 8/16/04 - 8/25/04 | 8/10/04 - 8/15/04 | 7/30/04- 8/09/04 | 7/22/04 - 7/29/04 | 7/13/04- 7/21/04 7/02/04-7/12/04 | 6/23/04 -7/01/04 | 6/10/04-6/22/04 | 5/28/04 - 6/08/04 | 5/24/04 - 5/27/04 | 5/21/04 - 5/17/04 |
