This past week the bond market held its own which resulted in lower mortgage interest rates. The market was helped by the healthy Treasury auctions of the 3 year, 10 year, and 30 year along with the Federal government continued program of purchasing mortgage-backed securities. This coming week, the majority of the economic reports will be on Tuesday through [...]
Continue reading...17 August 2009
Though last week brought good news to mortgage interest rates due to the lower than expected reports on inflation, consumer sentiment and retail sales, this coming week could again bring volatility to them. Any good news about our economy recovering from this recession will bring with it higher interest rates. Read why in this week’s MMG. [...]
Continue reading...13 August 2009
Initial Jobless Claims were higher than expected and in turn, Retail Sales were lower. The consumers, us, are still wary about the economy and whether we are coming out of this recession. As long as consumers don’t feel confident and aren’t spending, the recovery from this recession will be bumpy. Bloomberg.com states today: [...]
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14 September 2009
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