RECENT BLOG POSTS
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Mortgage bond prices fell pushing mortgage interest rates higher. Inflation fears were fanned once again by Fed Chairman Bernanke with warnings that the Fed may have to begin raising rates sooner than most analysts expected. Stronger than expected retail sales figures piled on an already battered...
06/16/2008
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Mortgage bond prices fell pushing mortgage interest rates higher. Inflation fears were fanned by Fed Chairman Bernanke's comments indicating "longer-term inflation expectations have risen in recent months, which is a significant concern for the Federal Reserve." Oil prices retreated to near $122 ...
06/09/2008
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Mortgage bond prices fell pushing mortgage interest rates higher. Inflation fears were fanned by stronger than expected durable goods data. The Treasury auctions added extra supply amid terrible foreign demand. Unfortunately this pressured mortgage bonds lower and rates higher. Oil prices retreat...
06/02/2008
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Mortgage bond prices fell pushing mortgage interest rates higher. Rising inflation fears dominated trading. Oil prices hit all-time highs as the price of a barrel eclipsed $135. Fortunately the steep price increases subsided in overnight trading Thursday evening. Mortgage bonds were able to bounc...
05/27/2008
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Mortgage bond prices remained near unchanged last week holding mortgage interest rates steady. Trade continued to be extremely volatile with discount points rising and falling by as much as 1/2 on a near daily basis. Once again, gyrating oil prices caused much of the volatility. The price of a ba...
05/19/2008
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Mortgage bond prices rose last week pushing mortgage interest rates lower. Stocks fell which helped bonds rally. Trading remained very volatile. Record high oil prices tempered improvements in mortgage interest rates as the fear of inflation continued to dominate the financial markets. OPEC blame...
05/10/2008
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Mortgage bond prices rose last week pushing mortgage interest rates lower. The Fed took center stage with another rate cut exactly as expected and indicated "the committee expects inflation to moderate in the coming quarter." This statement helped bonds rally considerably. The majority of data re...
05/02/2008
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Mortgage bond prices rose last week pushing mortgage interest rates lower. Oil prices fell the first portion of the week, which helped bonds rally. Unfortunately, some pipeline shutdowns ignited inflation fears Thursday and Friday causing bond prices to fall and rates to rise, erasing a lot of th...
04/25/2008
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Mortgage bond prices fell last week driving mortgage interest rates substantially higher. The economic data released during the week was mixed. Unfortunately, the Producer Price Index (PPI) report's headline number was twice as high as expected igniting inflationary fears. Stocks bounced up and d...
04/21/2008
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Mortgage bond prices rose slightly last week pushing mortgage interest rates lower. Most of the data showed signs the economy continued to struggle. Unfortunately the Fed minutes showed increased inflation concerns, which tempered any major improvements in mortgage interest rates. Stocks bounced ...
04/12/2008