The May employment report came in at less than half of what was expected last month, which pushed bond yields -- and mortgage rates -- down further, |
The miniscule rise in mortgage rates this week most likely reflects market expectations that the Federal Reserve will once again raise rates next week. |
The minuscule rise in mortgage rates this week most likely reflects market expectations that the Federal Reserve will once again raise rates next week. |
The most likely pattern is for mortgage rates to gradually rise over time, ... will translate into somewhat weaker demand for housing, lower home sales volume and lower house price growth. |
The most likely pattern is for mortgage rates to gradually rise over time. It is likely that they'll hover at 6 percent or just a bit over. |
The most recent economic indicators ... showed that inflation is, indeed, being held in check. That news allowed long-term mortgage rates to drift a little lower. |
The new home sales rate has remained robust for a good many months already. Certainly adding to the level of sales in the past six-to-12 months has been a very favorable level of mortgage rates, which are basically hovering around 7 percent. |
The political and economic uncertainty of war in Iraq is wearing on the confidence of consumers and restraining business expansion. And that, in turn, translates into a weaker economy which places downward pressure on interest and mortgage rates. |
The possibility that consumer spending will slow, given the current weakening level of consumer confidence, created an uneasy atmosphere in the financial markets. Combined with the growing possibility of a war with Iraq, new money flowed into the bond market, driving down yields and other interest rates. Mortgage rates were no exception. |
The Producer Price Index (PPI) figures released today show an overall increase of 0.6 percent, but the core rose only a very modest 0.1 percent, indicating the actual rate of inflation is still very low, ... This good news points to a continuation of current affordable mortgage rates in the coming months. |
The Producer Price Index (PPI) figures released today show an overall increase of 0.6 percent, but the core rose only a very modest 0.1 percent, indicating the actual rate of inflation is still very low. This good news points to a continuation of current affordable mortgage rates in the coming months. |
The Producer Price Index for April, released today, showed a considerably larger decline than had been expected, reaffirming market concerns about the state of the economy. However, the Consumer Price Index for April that will come out tomorrow will give us a much more comprehensive picture of what is actually happening. |
The recent increase in mortgage rates has given the housing market a slight breather from the frantic pace in lending that has been prevalent over the last few years. |
The recent rise in the Consumer Price Index spooked the financial market, pushing interest rates a little higher this week, ... The decline in housing starts, however, mitigated concern that the economy is growing to fast and led to confidence that the Fed's actions are having the desired results. |
The recent rise in the Consumer Price Index spooked the financial market, pushing interest rates a little higher this week. The decline in housing starts, however, mitigated concern that the economy is growing to fast and led to confidence that the Fed's actions are having the desired results. |