Rates Sink This Week; Bernanke Concerned about Recession
- By:
- Paul King | January 18, 2008
The week was marked by bad economic indicators on many levels, but Fed Chairman Bernanke's testimony to Congress on Thursday helped bonds rally to the historical low. Bernanke said in a speech that housing was further weakening and strongly suggested the Fed would reduce rates further. He raised concerns about a recession and indicated that the government may need to get involved to prevent the US economy from weakening further.
In addition, we saw a jump in the December unemployment rate, the lowest drop in new housing starts since 1991, and the Fed Beige Book confirmed that the housing sector is weak nationwide.
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Mortgage Rates Will Move
- By:
- Bill Rice - MortgageLoan.com | November 19, 2008
Expect significant mortgage rate movement today with the release of CPI.
Mortgage Rates Drop
- By:
- Bill Rice - MortgageLoan.com | November 14, 2008
Mortgage rates drop again for the second straight week.
TARP Redirect Plunges MBS
- By:
- Bill Rice - MortgageLoan.com | November 13, 2008
US Treasury Secretary Paulson's sharp redirection on the objective of the TARP funds had a dramatic effect on overnight markets and the MBS market.
Veterans Day-Markets Closed
- By:
- Bill Rice - MortgageLoan.com | November 11, 2008
Mortgage rates stay flat on Monday and markets are closed today for Veteran's Day.
Mortgage Rates Fall for Week
- By:
- Bill Rice - MortgageLoan.com | November 07, 2008
Mortgage rates continue to fall, but rising unemployment and tightening lending standards are forcing borrowers to stay on the sidelines.
Mortgage Rates Back Down
- By:
- Bill Rice - MortgageLoan.com | November 06, 2008
30 year fixed rate mortgage is back down to 6 percent.
Mortgage Rate Watch
- By:
- Bill Rice - MortgageLoan.com | November 05, 2008
Yesterday was a good day for mortgage rates as they eased on the eve of Presidential election finality. However, today is likely to be a mortgage market referendum on President-elect Barack Obama.
Choppy Waters for Mortgage Rates
- By:
- Bill Rice - MortgageLoan.com | November 03, 2008
Not a lot of mortgage rate impacting news this week, but Presidential elections always do surprising things to markets.
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