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Tag Archive | "Unemployment"

Mortgage Rate Update: Interest Rates may hold strong through the end of the week - 8/28/2008

Thursday, August 28, 2008

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Good Afternoon, The recent events and news should have stirred a selling of bonds and an increase in mortgage rates, but this has not been happening, so the low interest rates have been holding! Here’s the inside Dripp… The revision of the Gross Domestic Product (GDP) came in much higher than expected and the weekly unemployment claims showed [...]

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Market Update - 8/21/2008: Ouch! Mortgage Rates took a hit today

Thursday, August 21, 2008

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Good Afternoon, After five consistent days of investors buying into the bond market they woke up this morning, took a sip of coffee and said, “Sell, Sell!!!”  This means that we will most likely see rates creep back up again today.  The rate monster is back, but I don’t think for long! Here’s the inside Dripp… The unemployment [...]

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