Archive | August, 2008
Mortgage Rate Update: Interest Rates may hold strong through the end of the week - 8/28/2008
Good Afternoon, The recent events and news should have stirred a selling of bonds and an increase in mortgage rates, but this has not been happening, so the low interest rates have been holding! Here’s the inside Dripp… The revision of the Gross Domestic Product (GDP) came in much higher than expected and the weekly unemployment claims showed [...]
Continue reading...Morning Market Update - 8/28/2008: Mortgage rates dropped despite yesterday’s market news!
28. August 2008
Good Morning, Yesterday’s bond market closed at around the same level as the previous day, which slightly helped mortgage rates late in the day. There are two reports due today that can affect the market as well. - A revision of the 2nd quarter Gross Domestic Product (GDP): Last month’s numbers will be revised and it [...]
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28. August 2008
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