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

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 [...]

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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 [...]

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