Rate Updates May, 2008

Bonds Up; Income and Consumer Sentiment As Expected

Bonds were up today, mortgage rates should improve by about .375 to price. April Personal...

Bonds Weaken; Stock Market Posts Gains

Bonds were down today, and mortgage rates rose by about a half of a discount point. The...

Mortgage Rates Continue To Rise

Rates continued to rise today on stronger than expected economic news. Expect rates to increase...

Rates Up After Memorial Day Holiday Weekend

Bonds open down after the holiday weekend, despite weak consumer confidence reports. Rates...

Rising Fuel Prices Help Mortgage Rates

Bonds were up on Friday as stocks continued to weaken on rising energy prices. The stock...

Rates Sink on Inflation Concerns

Bonds sank today on concerns about inflation. Rates will increase today by .375 to...

Fed Signals No More Rate Cuts

Bonds were down today as the FOMC minutes were released showing inflation concern. The Fed, in...

Rates Down Despite Inflation Indications

Bonds were up today despite stronger than expected inflation indicators. Rates will be down by...

Rates Flat on Insignificant Leading Economic Indicators

Mortgage markets are flat today as no economic data moved the market one way or another. Rates...

Housing Starts Stronger Than Expected, Yet Consumer Confidence Weak

Markets were flat Friday following mixed economic news. Rates however should improve by as much...

Industrial Production Weaker Than Expected

Bonds were up today on weaker than expected economic data. Industrial Production in April showed...

Rates Drop As Inflation Concerns Ease

Bonds opened up today on relaxed inflation concerns. Rates should drop by about .25 to the...

Rates Up on Strong Retail Sales Data

Bonds were down this morning on the release of stronger than expected economic data. Rates will...

Rates Flat, Stocks Up

Bonds were up today despite stock market gains, and rates will likely stay flat or increase today...

Bonds Continue to Strengthen as Stocks Weaken

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

Bonds Continue Rally From Wednesday

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

Rates Flat Despite Productivity Gains

Rates were flat today despite better than expected economic news. Retail rates should be...

Bonds Increase, Fannie Mae Lending Power Enhanced

Treasury bonds increased further today, on rebounding stocks. Fannie Mae the largest US Mortgage...

Quiet Week Ahead For Rates?

Bonds were relatively calm today despite a drop in the stock market. Rates may edge up about...

Rates Jump on Strong Employment Report

Bonds were sharply down and rates increased following stronger than expected jobs data...

Rates Down In Anticipation of Employment Report

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

National Rates

Loan Type Today
30 Year Fixed   6.29
15 Year Fixed   5.90
5/1 Adjustable   6.09

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