Mortgage Rates Down, Stocks Up

Wednesday's market is up, with rates improving around .375 to the points, despite stock market gains and with no relevant news released. Tomorrow, we'll get February's Retail Sales report which will give a good read on the health of consumer spending. The report will serve to help refute or support the concern that we may be in recession. On Friday February's CPI (Consumer Price Index) will be released. This also give us a sense of inflation on consumer goods. Also due out Friday is The University of Michigan's Index of Consumer Sentiment, which attempts to predict consumer's willingness to spend.

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Mortgage Rates Head Downward

Market proves Fannie, Freddie can continue to competitively finance debt. Sends Fannie, Freddie stock up and the US Dollar is ticking up.

Market Watches Freddie Debt Sale

All mortgage and investor market eyes are on Freddie Mac's debt sale today.

30 Year Mortgage Rate Lowest in 6 Weeks

The 30-year fixed mortgage rate continues to decline slightly everyday. Currently, it has reached its lowest level in 6 weeks and is lower than the same time last year.

Mortgage Rates Continue Fall

Mortgage rates continue to fall slightly, but don't expected it to be the long-term trend.

FOMC Minutes

The recently released FOMC Minutes reflect a general consensus that inflation is the primary Fed concern.

Existing Home Sales Up

The National Association of Realtors report that existing home sales climbed in July, exceeding expectations.

Bernanke Speaks Today

A full agenda of challenges greets the Federal Reserve governors at there annual Jackson Hole, Wyoming symposium.

Bernanke:Inflation Uncertain

Bernanke assures market the Fed will "act as necessary."

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National Rates

Loan Type Today
30 Year Fixed   6.03
15 Year Fixed   5.69
5/1 Adjustable   5.78

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