Recession Fears Bring Rates Down

Bonds were up today on recession fears. Rates should improve at least 25 basis points over Friday afternoon. There was no news released today, January's Goods and Services Trade Balance report will be out tomorrow. The report will give a view of the US trade deficit. Another highlight this week are February Retail Sales data, the results of which will weigh heavily on the market as they will serve to support or discredit the concerns about recession

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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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30 Year Fixed   6.03
15 Year Fixed   5.69
5/1 Adjustable   5.78

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