Industrial Production Weaker Than Expected

Bonds were up today on weaker than expected economic data. Industrial Production in April showed a larger than expected decline, which is good news for mortgage rates. Rates however should not change yet this morning but could increase this afternoon as the bonds continue to improve.

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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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