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Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.30% 0.01%
Fed Prime 3.25% 0.00%
  • Durable Goods Rise but Downward Revisions are Harsh

    Data releases at 8:30 am EDT saw Durable Goods surpass expectations in April with the biggest monthly advance in 15 months, while the Jobless Claims survey saw an insignificant drop in initial claims and yet another major increase in continuing claims. New orders for durable goods ― ‘hard’ goods such as cars, appliances, and electronics ― increased by 1.9% in April, a much better results than expectations for a 0.5% gain. This is the biggest monthly gain since the recession began in December...
  • The Day Ahead: Busy Day Led by Output, Labor, and Housing Data

    Thursday will be a busy day with two key data releases an hour before the opening bell and another housing report half an hour into the session. There are also two energy-releases, multiple Treasury auctions, and once markets close Richard Fisher from the Dallas Federal Reserve will speak in Washington on the economic outlook. Prior to the data releases, investor sentiment looks set to pare some of Wednesday’s losses. S&P 500 futures are up 2.9 points to 895.4, Dow futures have climbed...
  • August Durable Goods Index Posts Big Losses

    Durable goods excluding transportation posted another weak result in August, falling 3.0% despite forecasts for a 0.5% decline, according to the Department of Commerce. Total new orders were even more disappointing, falling by 4.5% against expectations...