Tag Archive | "Market Update"
Market Update - 8/19/2008 (part 2): Inflation haunts mortgage rates again
Good Afternoon, Hopefully you read this morning’s market update and took advantage of the mortgage interest rates because the 10-year bond has started to respond to the high inflationary numbers released at 8:30am. Here’s the inside Dripp… These are the final Producer Price Index (PPI) numbers from this morning: - Consensus (PPI – M/M change): 0.5% / Actual: 1.2% - [...]
Continue reading...Market Update 7/30/2008 - Mortgage Rates Increase Again
Wednesday, July 30, 2008
Good Afternoon, Although there are no relevant economic reports released today, the stock market continues its’ rally while the bond market suffers. Since mortgage interest rates are practically driven by the movement of the bond market, rates are rising accordingly. My thoughts are that tomorrow’s quarterly GDP release will be in line or slightly [...]
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Tuesday, August 19, 2008
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