Rates Drop on Weak ISM Report
- By:
- Paul King | January 02, 2008
The bond market opened up on weak economic news. Rates should improve by .375 to price.
The Institute for Supply Management (ISM) reported a sharp drop in their manufacturing index, far weaker than expected. This gave indication that the manufacturing sector may be slowing and suggests the possibility of a recession. It is very good news for rates.
Late today we will see the release of FOMC minutes and tomorrow we will see November Factory Orders which again measures manufacturing sector strength.
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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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