Tag Archive | "Inflation"
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...Mortgage Rate Update: Lower Rates after ISM report!!! – 9/2/2008
Tuesday, September 2, 2008
Good Afternoon, This morning’s report from the Institute for Supply Management (ISM) came in exactly where analysts expected. However, the inflation index of the report came in at a 6-month low, which reduces the risks of inflation! Declining oil prices also assisted this decrease in inflationary concerns. Oh yes, mortgage rates trickled their [...]
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Wednesday, September 3, 2008
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