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 [...]
Continue reading...Thursday, August 21, 2008
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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Thursday, August 28, 2008
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