Rates Down In Anticipation of Employment Report

Interest rate markets were up today despite the release of stronger than expected economic data. We should see an improvement of as much as .5 to price over yesterday. March's Personal Income & Outlays report showed declining personal income, but short of forecasted levels. The Institute for Supply Management showed an unchanged reading level this month, while it was expected to show a decline. Both reports should be bad news for mortgage rates. Instead, the market is focused a positive forecast on tomorrow's Employment report. If the unemployment rate is actually more favorable than expected, rates could shoot upward. The market seems to be expecting a weak Employment report.

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Bonds Down on Inflation Concerns

Bonds were down today on continued concern about inflation. Rates however may remain unchanged due to strength from Monday afternoon.

Mortgage Rates Unchanged

Monday's rates were unchanged after economic news met forecasted levels. However rates could increase today by .25 to price as a result of weakness from last Friday.

Rates Rise This Week On Consistent Inflation Focus

Inflation Concerns Keep Rates Rising

June CPI Strong, Rates Up

Bonds were down this morning on stronger than expected economic data. Rates should increase by .375 to the points.

Rates Up on Inflation Concerns in FOMC Minutes

Inflation concerns and a positive day for stocks have hurt bonds today. Rates will increase by about .5 to price today.

PPI and Retail Sales Weak, Rates Down

Bonds opened higher today on economic news favorable to mortgage rates. The Dow down over 100 points currently. Rates should improve about .25 to price.

Rates Up As Investors Digest Freddie and Fannie Crisis

Bonds improved today on stock market losses. However mortgage rates should increase by about .25 to price as a result of investors concerns over the plight of Freddie Mac and Fannie Mae.

National Rates

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

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