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DATE
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Mortgage
Rates Information
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Back to The Best Mortgage Rate Information
Resource
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8/25/04
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7:55
am The last several days in the
market have shown a belief of stabilizing
oil prices. But today there is talk
that supply will not meet demand
in the upcoming future. This, combined
with last weeks reduction of home
loan applications down 6.3%, may
turn around the last couple of days
of higher mortgage rates. Keep in
mind the unemployment numbers are
coming out and earnings data which
should affect the market.
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8/24/04
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9:10
am The market data reports are coming
in starting today. The dollar should
be strong compared to foreign currencies.
And oil prices are starting to settle
down as the markets believe there
will be stabilizing in the prices.
These two reports should put mortgage
rates in the move higher.
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8/23/04
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8:36
am Expect mortgage rates to move
upwards today. Numbers for the European
economy are in and the American
numbers' looked BETTER! This may
prompt the mortgage rate traders
to believe that the recent slow
down in the American economy is
at least better than the other major
consumer countries nationwide. The
factor which is holding rapid raising
rates in check is the incredible
demand for oil and the worries looming
over the supply issues.
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8/22/04
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7:02 pm Markets closed
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8/21/04
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9:19 am Markets closed
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8/20/04
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9:59
am Economic forecasters have finally
begun to except the reality we have
stating here. (The economy is not
healthy), The numbers for future
growth have been revised based on
the overwhelming sky rocketing of
oil. This should keep mortgage rates
low. And of this morning, rates
have not really had any reason to
adjust up. We should be getting
some economic data next week that
will show earnings. If they are
down for august, Expect mortgage
rates to stay low.
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8/19/04
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8:31
am Inventory concerns are high for
oil and nortel to cut thousands
of jobs. The economic data is not
looking good! This may keep the
mortgage rate in check for a short
term. But yesterday mornings strong
showing in the bond for mortgages
rates was washed away by the afternoon's
high market trading. The bond is
set to open lower which should keep
today's mortgage rates in line with
yesterday mornings numbers.
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8/18/04
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9:55
am The 10 year T-bill is having
major pressure put on it from the
sky rocketing gas prices. If the
economy was booming and gas prices
were going up it could be assumed
the fed would have to increase mortgage
rates to fend off inflation. But
this is not what is going on! The
economy is slowing to an almost crawl
and gas prices are moving to record
highs from fears of not enough supply.
This is acting like a raise in fed
funds rate on the economy. So speculators
are beginning to assume that a upcoming
mortgage rate increase has been
fended off and that mortgage rates
are moving lower! We have to see
market data coming up this week.
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8/17/04
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8:59
am Today the info is on the consumer
prices. The average price for non-food
goods did not rise at a high pace.
This helps to keep inflation in
check. The numbers came in half
of the estimates this should allow
the Fed to ease off the rate raising
or at least be more measure. The
10 year T-bill rose on this info
and is keeping the yield low. Yield
low = low mortgage rate.
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8/16/04
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8:05
am This morning the bond is sitting
flat and mortgage rates have not
moved much. The oil prices, which
were expected to go up, have actually
moved slightly higher but not buy
much. This will keep mortgage rates
steady.
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