Yesterday I wrote that mortgage rates were under pressure because stocks were rallying. Yes stocks were indeed on a winning streak, but the bond market hasn't done all that bad...all things considered. Don't get me wrong, mortgage rates are definitely higher than they were last week, but by pricing...
Mortgage rates moved mostly sideways near newly hit 2010 lows yesterday but did come under a small amount of upward pressure late in the day as the stock market rallied into the close. As the prices of mortgage backed securities moved lower, many lenders repriced for the worse, but the increases in consumer...
Good Morning All. 830AM econ data has been released... Housing Starts : +5.8 % vs. March +5.0 % (revised from +1.6 %) at 672,000 unit rate vs. consensus 650,000 vs. March 635,000 (revised from 626,000) Housing Permits : -11.5 % vs. March +5.4 % (revised from +6.8 %) at 606,000 unit rate vs. consensus...
The release of U.S. producer price index along with housing starts and building permits for July tops news today. Markets will also be paying attention to comments from Dallas Fed President Richard Fisher and U.S. Treasury Secretary Henry Paulson speaking at separate events. At 8:30 a.m. EDT, Statistics...