Quiet Week Ahead For Rates?

Bonds were relatively calm today despite a drop in the stock market. Rates may edge up about .125 to price today. The ISM Services Index came in slightly stronger than expected today, but did not affect bonds. This week there will not be much important news released and we could be in for a quiet few days. Q1 Productivity and Costs data will be out Wednesday, and Goods & Services Trade Balance Report will be released on Friday.

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June Employment Data Fails to Shock, Rates Flat

Bonds were down today after the June Employment Report failed to deliver the market any surprises. Rates should stay the same today.

Rates Down in Anticipation of June Employment Report

Rates were down again on concerns over the state of the economy and worries about the 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   6.13
15 Year Fixed   5.74
5/1 Adjustable   5.81

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