Rates Make Stead Declines On Bernanke's Testimony
- By:
- Paul King | March 01, 2008
Despite mixed economic reports this week, rates steadily declined. Largely the focus was on Bernanke's testimony to congress, where he indicated the Fed's willingness to further decrease interest rates in order to stave off recession, which he believe we will narrowly avoid. Somewhat insignificant reports, like the weekly Employment report, made an impact on rates when it came in weaker than expected. Strong Consumer Outlays data and Stronger than expected readings of the University of Michigan's Index of Consumer Sentiment were disregarded by the market, where they normally would have caused rates to rise. The week was marked by this bearish economic sentiment which the Fed Chief set the tone for, at the beginning of the week.
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Mortgage Rates Head Downward
- By:
- Bill Rice - MortgageLoan.com | September 04, 2008
Market proves Fannie, Freddie can continue to competitively finance debt. Sends Fannie, Freddie stock up and the US Dollar is ticking up.
Market Watches Freddie Debt Sale
- By:
- Bill Rice - MortgageLoan.com | September 02, 2008
All mortgage and investor market eyes are on Freddie Mac's debt sale today.
30 Year Mortgage Rate Lowest in 6 Weeks
- By:
- Bill Rice - MortgageLoan.com | August 29, 2008
The 30-year fixed mortgage rate continues to decline slightly everyday. Currently, it has reached its lowest level in 6 weeks and is lower than the same time last year.
Mortgage Rates Continue Fall
- By:
- Bill Rice - MortgageLoan.com | August 28, 2008
Mortgage rates continue to fall slightly, but don't expected it to be the long-term trend.
FOMC Minutes
- By:
- Bill Rice - MortgageLoan.com | August 27, 2008
The recently released FOMC Minutes reflect a general consensus that inflation is the primary Fed concern.
Existing Home Sales Up
- By:
- Bill Rice - MortgageLoan.com | August 25, 2008
The National Association of Realtors report that existing home sales climbed in July, exceeding expectations.
Bernanke Speaks Today
- By:
- Bill Rice - MortgageLoan.com | August 22, 2008
A full agenda of challenges greets the Federal Reserve governors at there annual Jackson Hole, Wyoming symposium.
Bernanke:Inflation Uncertain
- By:
- Bill Rice - MortgageLoan.com | August 22, 2008
Bernanke assures market the Fed will "act as necessary."
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