Understanding Mortgage Rates | dripp inc | Home Equity | Refinancing and Remortgage Guide

Morning Market Update (Part 2)- Durable Good Orders higher means rising mortgage rates

Good Morning, As you may already have read, Durable Goods Orders came in MUCH higher than analyst’s expected.  According to fundamental economic reactions, this should stimulate a sell-off of bonds and an increased investment in the stock market.  We were all hoping that mortgage rates would come down today, but if the stock market does rise [...]

Continue reading...

Morning Market Update - 8/27/2008: Lower mortgage rates may continue through the end of the week

Good Morning, Yesterday the bond market fluctuated up and then back down to the same level it ended yesterday.   Since lenders wouldn’t budge on lowering rates yesterday, it was inevitable that as long as bonds stayed strong today they would decrease them. In a half hour July’s Durable Good Orders will be coming out.  If the results [...]

Continue reading...