Rate Updates April, 2008

Fed Cuts Rates .25%

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

Rates Down Despite Weaker Than Expected Economic Reports

Bonds were up, rates were down today despite stronger than expected data. Retail mortgage rates...

Rates Flat in Anticipation of Weeks Data

Rates were unchanged today and the bond market flat with no economic news released and the stock...

Rates Up Despite Stock Weakness

Rates were up this morning despite weakness in the sttock market. Rates should increase today by...

Rates Up On February Adjustment to Durable Goods Orders

Bonds opened down today despite a weaker than expected Durable Goods orders report. Rates will...

Rates Tick Up on Stock Gains

Mortgage rates are up again as the stock market posted gains. Rates should increase by...

Rates Up As Stocks Markets Post Losses

Bonds were up today on stock market weakness. Earnings news on Wall Street prompted stock...

Quiet Week Ahead For Rates?

Bonds are down Monday despite stock market losses. Rates, however should improve by up to half...

Stock Market Up, Interest Rates Up

Rates increased again on Friday on stock market strength. Expect an increase of .375 to the...

Mortgage Rates Up On Inflation Woes

Bonds opened down today as weakness from yesterday's market carried over into today's trading...

Rates Down On Strong Industrial Production

Rates were up today on stock market strength and strong industrial production data. Mortgage...

Rates Up on PPI News

Rates were up today on renewed inflation concerns. Stocks were also down in trading today...

March Retail Sales Data Stronger Than Expected

The market opened Monday down on stronger than expected economic news. Rates should increase...

FOMC Minutes Good News For Rates

Bonds were up on stock market losses today. Rates should be unchanged today due to weakness...

Bonds Up on Stock Market Losses, Weak Consumer Sentiment

The bond market opened up today on stock market losses and weak economic data. However mortgage...

Bonds Down On Stock Market Gains

Bonds opened up today but have fallen as the stock market posted gains. Rates will drop about...

Fed Voices Concern About "prolonged and severe economic downturn''

The FOMC Minutes were released today showed Fed officials convinced of an economic contraction in...

Rates Flat, Anticipate FOMC Minutes Tomorrow

Bonds are down today on stock market gains. Rates however should stay neutral today due to...

Rates Increase Slightly This Week, Stock Market Rallies, But Employment Report Weak

News was mixed this week. Earlier in the week, the write downs by UBS and others caused a strong...

Rates Down Friday On Weaker Than Expected Unemployment Report

Bonds were up today on weaker than expected employment figures. Stocks are down and rates...

Rates Down On Weekly Unemployment Report

Bonds were up today after the weekly unemployment report showed weaker than expected data...

Rates Jump Up on Strong ISM Report

Mortgage rates are up today on stock market gains. Rates can be expected to increase today by as...

Rates Rise On Sanguine Stock Market

Rates are again up today, as the stock market posted gains again. The sentiment on Wall Street...

National Rates

Loan Type Today
30 Year Fixed   6.10
15 Year Fixed   5.73
5/1 Adjustable   5.75

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