Tag Archive | "Beige Book"
Morning Mortgage Rate Update: Interest Rate Volatility is high! - 9/3/2008
Good Morning, Yesterday’s outstanding 10-year bond performance helped to lower mortgage interest rates again. Three factors caused this type of strength in the bond market. ISM reported that manufacturing sector of our economy is contracting and that inflationary pressures have been declining. Sometimes it’s just that simple, but will this continue throughout the day today and [...]
Continue reading...2nd Market Update 7/23/2008 – The Fed’s Beige Book Hints More Rate Increases
Wednesday, July 23, 2008
Good Evening, Inflationary concerns were brought up in today’s Beige Book, but it states that there is not enough information to make any drastic moves. Analysts are saying that higher mortgage costs and interest rates should continue to be implemented to help alleviate the pressures of inflation. This is bad news for the bond [...]
Continue reading...
Wednesday, September 3, 2008
0 Comments