This week we have five relevant reports that could affect the bond market and therefore, mortgage interest rates. The first is the all important Federal Open Market Committee (FOMC) meeting on Tuesday. This is where traders will scrutinize every word that is published from Bernanke and Company’s press release. Most important will be the wording on the [...]
Continue reading...12 July 2010
This week will be a busy one with 6 important economic reports being released all towards the end of the week. So what is in store for us? First off will be the one of two Treasury Auctions on Tuesday when the 10 year Notes will be sold. Retails Sales and the FOMC meeting minutes [...]
Continue reading...14 June 2010
This week will be full of what the Fed will do next week during their schedule meeting June 22-23. The main debate as always will be whether they will raise their Fed Fund Rate which is the short term interest rate that banks change each other for use of overnight funds. If they raise the rate too fast, it could cause [...]
Continue reading...24 May 2010
It was another volatile week for the stock market as stocks lost ground and traders flocked to the bond market for security. Europe was the headline news as traders worry if Greece will be able to turn their overall financial situation around or if they will default on their loans in the future. Along [...]
Continue reading...17 May 2010
Like the song at the Disney’s attraction, it is definitely a “Small World After All”. The Euro zone is still dealing with Greece’s economic woes and along the way, Spain, Italy and Portugal also are experiencing economic stability. This news had money flowing into the bond market as the European Central Bank unveiled their [...]
Continue reading...16 March 2010
Today’s FOMC statement’s language was basically the same as their January statement. The Federal Fund Rate will stay at this present level to help the economy continue to come out of this recession. The big difference in the language was with the housing industry and mortgage interest rates. The housing industry has been slow to recovery in this [...]
Continue reading...15 March 2010
Mortgage interest rates had a fairly bumpy week even though we weren’t too many economic reports released. But economist as well as some Fed members voiced their concern over the not here yet inflation last week. Will the Fed have the will to raise short term interest rates to subdue inflation due to our raising debt [...]
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9 August 2010
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