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Market Update 05/12/2008
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But, since this report is not considered to be of high importance to the bond market, it likely will have little impact on mortgage rates unless it varies greatly from forecasts. The last report of the week is May's preliminary reading ... |
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In a week of historic changes in the US financial markets mortgage interest rates held pretty much even across the board. With the market making the largest one day drop in decades and also one of the largest one day gains in a long ... |
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Alan Pott, president of lender American Home Equity Corporation, in Santa Ana. (He plans to hire some workers.) “Rates will continue their downward slide; however we will NOT see a drop of 0.75% because the bond market had already ... |
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You would also know that in the longer term, charts show a favorable picture for lower mortgage rates. Chicago PMI was reported worse than expected, another set of favorable data for mortgage bonds. In the current marketplace, ... |
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Overall, it is going to be a very active week in the markets and mortgage rates. The most important day will likely be Friday due to the employment report being scheduled. With important data being released each day of the week, ... |
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This report will probably not have much of an impact on the bond market or mortgage rates. It gives us a measurement of housing sector strength and mortgage credit demand, but is usually considered to be of low importance to the ... |
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