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DATE
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Mortgage
Rates Information
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12/10/05
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1:55 pm. This
week the consumer weighs in on mortgage
rates. Consumer confidence is up
as the shopping season seems to
be doing well. Stronger than expected
economic numbers arrive as the economy
added more than 250,000 jobs and
the growth rate increases. This
data leads to fear of inflation
and it continues to flame the
belief that the Federal Reserve
will continue to raise rates. Expect
mortgage rates to continue to rise
into the new year.
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11/30/05
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9:51 am. The
economy appears strong. Two days
ago the resale numbers of previously
owned homes where down, yesterday
the data shows that newly built
home orders are up. Today the data
appears to show a growing economy
at a rate 4.3% during the
third quarter of this year. Mortgage
rates should hold stable today,
unless stronger economic data comes
out. Any more good news and expect
mortgage rates to rise.
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11/28/05
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11:18 am.
After the Holiday weekend the markets
open down. Fears are of job cuts
as large auto companies and drug
manufacturers announce major downsizing
in the near future. A major unexpected
shock for the markets is that new
home sales are down. Home sales
have been steady and strong and
many speculators did not think that
the market would weaken. But it
appears that it has softened. Rates
may drop slightly.
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11/15/05
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12:20 pm.
The bond's yield has finally begun
to move downward. The change in
the bond's yield is due to comments
by the next Fed chairman. "Long
term stability" of the economy
is a major concern of the new fed
chief and the markets seem to like
the idea and the person giving the
message. Expect mortgage rate to
hold steady.
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11/1/05
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2:22 pm.
The Fed has raised rate .25% to
4% and stated that the economy is
stable. Expect statements to come
out and show that the fed will stay
with this raising trend. Expect
Mortgage rates to rise.
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10/31/05
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12:12 pm.
Consumer spending has dropped. However,
The markets are some what optimistic
about the economy and the FED watchers
believe that a rate raise will occur
at this upcoming meeting. Rates
will stay high and most likely move
higher.
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10/26/05
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12:31 am. Oil
prices are starting to ease. The
main reason is that after research
into inventory the traders have
realized that there is plenty of
supply to meet the demands of the
economy. Although, yesterday the
consumer confidence numbers where
lower than expected, the decrease
in oil prices have lead to fears
of inflation. Typically with mortgage
rates, as inflation fears grow,
rates move upwards. Expect mortgage
rates to rise.
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10/20/05
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12:49 pm. Orders
to manufacturers are growing. This
means that the economy may be recovering
from the hurricanes. This may be
good for the economy but expect
mortgage rates to rise. The markets
are showing signs of inflation and
the FED. will likely raise rates.
Mortgage markets are expecting mortgage
rates to go upwards.
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10/18/05
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10:18 pm. Stocks
closed down today and the bond's
yield closed slightly down also,
but be wary for tomorrow's opening.
The producer prices for raw material
is at a 15 year high. This is a
big worry for inflation. As inflation
arrive so will higher rates. Expect
mortgage rates to keep inching upwards.
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10/14/05
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7:38 am. Consumer
sentiment numbers are coming in
today. Expect consumer prices to
rise as the long term high cost
of energy will still have effects
on the markets. The 30 year mortgage
rate average is hinging at the 6.0%
range and expected to move up as
economist expect underlining economic
data to remain strong although there
may be some stock slumps in the
short run.
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10/12/05
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9:38 pm. Stocks
maybe slumping all roads lead to
the FED raising rates. Expect rates
to move upwards as the bond's yield
move higher.
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10/7/05
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9:38 pm. Although
the bond's yield slipped slightly
today expect a rebound next week.
Jobless claims were up but less
than expected. This should mean
by mid next week rates should be
surging higher barring any unexpected
data.
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10/6/05
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12:22 am. The
bond has been staying somewhat stable
as well as mortgage rates. However.
expect them to trend upwards. Last
months jobless claims will tell
the mortgage rate markets were to
move. Expect Katrina and Rita to
still impact claims. If the claims
are higher than expected than the
bond may soar and rates could temporarily
dip. You should expect them to go
higher rapidly if there is a temporary
dip.
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10/4/05
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11:36 am. Signs
that manufacturing strengths are
rebounding is the increase in factory
orders. Also, oil prices ease off
of their highs after concerns over
demand shows easing. The bond's
yield has gone down slightly this
morning but expect them to rebound
up as more positive economic data
flows in to the markets. Rates will
hold at their recent highs and will
likely keep their trend of going
higher.
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10/3/05
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11:55 am.
Manufacturers are getting more than
expected orders. The price for those
orders have increased along with
the expense of energy. This
data leads most bond traders to
believe that the Federal Reserve
will ignore the recent trauma to
the economy from the hurricanes
and they will continue to raise
rates. Mortgage rate movers, such
as the ten year T-bill, have been
looking like the rates will go upwards.
Expect mortgage rates to move higher.
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9/30/05
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5:12 pm.
Mortgage rates continue to rise
on solid purchasing numbers. Even
though consumer confidence is down
and incomes have decreased in the
wake of Katrina. Mortgage rates
will move upwards as long as any
positive economic data shows up
( i.e. the orders to manufacturers
have risen higher than expected).
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9/29/05
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6:25 pm.
Business spending is on the rise
and jobless claims are less
then expected (excluding Katrina
jobless claims). This data is pushing
mortgage rates higher. Rates have
jumped higher and faster this
week than in recent past weeks.
Expect rates to continue their trend
higher as long as positive economic
data arrives.
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9/28/05
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12:32 pm.
Durable good orders are up. Companies
have upped their orders to rebuild
inventory and supply stores. Expect
the bond's yield to go up later
in the day. Rates will be poised
to move as traders expect the higher
durable good orders to push the
FED. to keep raising rates.
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9/27/05
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12:34 pm.
Consumer confidence is down the
most in two years. Also, new
home sales are down. This may scare
the stock markets but the mortgage
rates are poised to go up. The over
all belief is that the Federal Reserve
is poised to continue raising rates
after statements by the FED. chair.
Expect mortgage rates to inch higher.
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9/26/05
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12:38 pm.
Most large scale refineries escaped
major damage from the hurricane.
Oil prices fell on that news. Also,
home resale's hit a high as many
expected them to slump. Strong home
sales and lower oil prices are making
the bond traders push the 10 year
T-bill's yield higher. The data
is clearly some information that
FED. can use to justify more rate
raises. Expect mortgage rates to
inch upwards.
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9/23/05
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2:51 pm.
Oil prices are falling as Rita weakens.
The bond's yield is pushing up as
worries of high oil prices eases.
This is giving the FED's rate raising
a chance to effect the markets.
Rates are going up as the markets
are willing to digest the .25% jump
upwards.
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9/22/05
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3:43 am.
Mortgage rates are in a holding
pattern as the markets watch to
see the results of Rita. It appears
that there may be some damage to
refineries. Oil prices have declined
but unemployment is high after Katrina.
So, mortgage rates have a wide range
a data to digest and they seem to
be holding for the time being.
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9/21/05
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10:40 am.
The bond's yield is moving
down. Why? The fears that are forming
from hurricane Rita. It is on the
path to other oil platforms that
are located in the Gulf. After Katrina
damaged some oil production this
storm could really knock out some
major production areas. The oil
platforms have shut down and the
bond is worried that raising oil
prices will slow the economy. Rates
are in a battle to hold after the
FED's raising yesterday and (countering
that) the oil prices on the rise..
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9/20/05
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update
- 3:03 pm.
FED
RAISES RATES .25%
and hints to future raising stating
that hurricane damage is only a
temporary set back to the economy.
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9/20/05
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12:23 pm.
The Federal Reserve is meeting
on interest rates today. The markets
are not sure which way the Fed will
move. Most suspect they will raise
rates. It appears that there will
be a building boom from the re-construction
of the gulf port. That, along with
higher consumer prices, will make
the fed believe that inflation will
rise. Expect rates to move up.
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9/18/05
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11:53 am.
The concern today is what
another hurricane will do to oil
prices. The markets have not recovered
from the last hurricane and now
another one is expected to
hit Florida. The worries for Oil
prices and Natural Gas prices have
staled last weeks rallies. The bond
yield is moving down as traders
suspect it may be hard to raise
rates if more damage to the economy
occurs.
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9/17/05
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11:41 am.
The week ahead for mortgage
rates will be bumpy as the markets'
digest the results of Katrina. Heavy
government spending will not offset
the total economic results of the
disaster. High unemployment, high
oil prices and general slump in
the economy are all expected. This
will play into the markets concerns
that inflation will rise. As the
national debt increases and interest
rates rise inflation will surely
follow. The FED's hand may forced
and they will have to raise the
rates even higher than expected.
Expect mortgage rates to jump up.
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9/16/05
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2:22 pm.
Fears of inflation are pushing
the bonds yield upwards! After the
news on the major drop in consumer
confidence the bond's yield soared.
Inflationary factors are strong
and more are on the horizon for
this economy. Expects rates to jump
up and they will move fast as long
as inflationary factors grow.
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9/15/05
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11:18 am.
U.S. consumers are paying
more for goods.
This is a potential sign of inflation.
Once inflationary factors rise the
bond';s yield usually goes up along
with mortgage rates, so expect a
slow trend upwards today.
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9/14/05
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1:36 pm.
Consumers have been spending. Once
again the consumer is keeping the
economy alive. Auto sales have held
but other consumer spending is showing
that the high oil prices have not
stopped the economy. Oil prices
have continued to rise as demand
stays strong and supply worries
the traders. Expect the low rates
to inch upward today on the strong
retail sales.
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9/13/05
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9:45 am.
There is some interesting pre-hurricane
data in today. It shows that producer's
prices where lower than expected.
There is also a PPI report that
shows inflation may not have been
as prevalent as believed. This data
has changed the bonds' yield downward.
Mortgage rates may dip if more data
shows less than expected inflation.
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9/9/05
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11:46 am.
As fall out from the hurricane continues
to leave the markets on edge, the
bond markets main concern is oil
prices. The oil producers appear
to have a long road ahead of them
before their production in the gulf
is back to normal. This may keep
oil prices up and slow the economy.
The bond's yield is moving down
on that news. Mortgage rates will
hold for today.
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