Rates Down in Anticipation of June Employment Report
- By:
- Paul King | July 02, 2008
Rates were down again on concerns over the state of the economy and worries about the June Employment report. Stocks are down and bonds are up. However today's mortgage rates should increase .25 due to weakness in bonds from yesterday.
May Factory Orders were reported today by the Commerce Department at a level greater than expected, but not enough to really affect the markets.
The Commerce Department reported this morning that new orders at U.S. factories rose 0.6% in May. This was slightly higher than forecasts but not enough to influence bond trading or mortgage rates during morning trading. Focus today is on tomorrow's Employment report which is very significant to the mortgage markets.
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Mortgage Rates Drop on Equity Fears
- By:
- Bill Rice - MortgageLoan.com | October 07, 2008
Mortgage rates continue to drop as fear seizes the equity markets.
Senate Passes Bailout
- By:
- Bill Rice - MortgageLoan.com | October 02, 2008
Senate decisively passes the $700 billion financial market stability legislation.
Mortgage Applications Plunge
- By:
- Bill Rice - MortgageLoan.com | October 01, 2008
Mortgage rates balance on little to no activity, while mortgage applications plunge.
Mortgage Rates Down
- By:
- Bill Rice - MortgageLoan.com | September 30, 2008
Mortgage rates descend, but won't make it easier to get a mortgage.
Mortgage Rates Flat
- By:
- Bill Rice - MortgageLoan.com | September 29, 2008
Expect mortgage rates to remain stagnant.
Mortgage Rates on Rise
- By:
- Bill Rice - MortgageLoan.com | September 26, 2008
Mortgage rates continue to climb as the market anticipates the final details of the $700 billion bailout.
Slight Uptick in Rates
- By:
- Bill Rice - MortgageLoan.com | September 24, 2008
Mortgage rates continue subtle upticks as the Treasury bailout plan gets Congressional scrutiny.
Mortgage Rates Neutral, Looking for Clarity
- By:
- Bill Rice - MortgageLoan.com | September 23, 2008
The Bond market struggled early Monday and then trading thinned as investors look for clarity.
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