Rates Up In Anticipation of Consumer Data Tomorrow

Mortgage rates opened up despite no relevant economic data. Rates increased today by about .25 to price. The weakness in bonds may be in anticipation for tomorrow's important two reports: Personal Income & Outlays, and University of Michigan's revision to the March consumer sentiment index. Together, the two reports will give us a good sense of the strength of the consumer segment of the economy, which is the largest.

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Bonds Continue to Strengthen as Stocks Weaken

The bond market was up again today on stock market weakness. Expect another decline of .25 to price today.

Bonds Continue Rally From Wednesday

Bonds were up today, building on the rally from yesterday. Rates will drop today by at least .25 to price.

Rates Flat Despite Productivity Gains

Rates were flat today despite better than expected economic news. Retail rates should be unchanged to slightly higher over yesterday, due to yesterday afternoon weakness in bonds.

Bonds Increase, Fannie Mae Lending Power Enhanced

Treasury bonds increased further today, on rebounding stocks. Fannie Mae the largest US Mortgage company, posted a larger than expected quarterly loss.

Quiet Week Ahead For Rates?

onds were relatively calm today despite a drop in the stock market. Rates may edge up about .125 to price today.

Rates Jump on Strong Employment Report

Bonds were sharply down and rates increased following stronger than expected jobs data, signifying renewed concerns about inflation.

Rates Down In Anticipation of Employment Report

Interest rate markets were up today despite the release of stronger than expected economic data.

Fed Cuts Rates .25%

The Federal Reserve announced today it would cut key short term interest rates by a quarter of a percentage point.

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Loan Type Today
30 Year Fixed   5.44
15 Year Fixed   5.01
5/1 Adjustable   5.10

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