After a fairly quiet week, this coming week has 4 economic reports that can move mortgage interest rates. The most important report will be on Friday with the Unemployment Report. Analysts are predicting that unemployment will go from 9.4% to 9.6%. That would be good for the bond market therefore good for mortgage interest rates. If [...]
Continue reading...24 January 2011
On Tuesday this week, the Federal Open Market Committee (FOMC) will be holding their first meeting and will adjourned on Wednesday at 2:15ET. At that time, Bernanke and Company (FOMC) will release their first meeting results which will be scrutinized word for word by the traders. The traders will be looking for to see if and when the FOMC [...]
Continue reading...26 July 2010
This week brings us 7 economic reports that could affect the mortgage interest rates. Though we will start the week out on Monday with New Home Sales which is expected is be up a bit which shouldn’t affect mortgage interest rates since the report only tracks about 15% of the new home sales. But if it [...]
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 [...]
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. [...]
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 [...]
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31 January 2011
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