Rates Flat in Anticipation of Weeks Data

Rates were unchanged today and the bond market flat with no economic news released and the stock market calm as well. This week has much economic news in store, as well as an FOMC meeting. It is literally jam packed full or reports every day, starting with the April CCI out tomorrow. Wed has the FOMC meeting as well as the 1Q GDP and the 1Q Employment Cost Index. Many people are expecting another Fed rate cut probably Wednesday afternoon.

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June Employment Data Fails to Shock, Rates Flat

Rates Down in Anticipation of June Employment Report

ISM Results Stronger Than Expected; Yet Bonds Still Rise

Bonds were up today regardless of reported stronger than expected economic news. However rates will not change today due to weakness from Monday afternoon trading.

July 4th Holiday Week Starts With Rates Flat

Monday bonds have been flat, however rates should improve today by about .375 to price due to strength from Friday's trading.

Stock Weakness Persists, Rates Down

Bonds were up again as stock market weakness persisted today. Rates should improve by .125 to price.

Rates Down On Stock Woes

Bonds were up today as stock markets took a beating on fear of continuing problems in the banking sector. Mortgage rates should improve by .25 to price.

Fed Makes No Change to Key Interest Rates

The FOMC finished this afternoon with the announcement from the Fed that there would be no change to key short term interest rates.

Consumer Confidence at Lowest Level Since February 1992

Bonds were up today on weaker than expected economic data. The stock markets are also down, and rates will likely improve by at least .125 to price.

National Rates

Loan Type Today
30 Year Fixed   6.11
15 Year Fixed   5.75
5/1 Adjustable   5.83

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