Good Morning, Yesterday’s affect on mortgage interest rates from the dramatic Producer Price Index (PPI) was lighter than expected thanks to the price drops commodities like oils and gas. This does not mean that inflation is gone by any stretch of the imagination, but it does prevent a massive panic to sell off bonds. [...]
Continue reading...Monday, July 14, 2008
Good Afternoon, I am expecting a very volatile week in regards to mortgage interest rates. There are six important economic reports along with more corporate earnings releases and the minutes from the last FOMC meeting. The 10-year bond yield opened in positive territory this morning and brought rates slightly higher because of Friday. [...]
Continue reading...
Wednesday, August 20, 2008
1 Comment