Moorpark Rate Advisory, Home Loans
By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
Tuesday's bond market has opened in positive territory as stocks show another round of losses. The stock markets are again posting early weakness with the Dow down 91 points and the Nasdaq down 17 points. The bond market is currently up 6/32, which will likely improve this morning's mortgage rates by approximately .125 of a discount point.September's Industrial Production report was released mid-morning today, revealing a 0.1% rise in output at U.S. factories, mines and utilities. This matched forecasts and has not had much of an impact on the markets this morning. Tomorrow brings us three events to watch. The first is September's Consumer Price Index (CPI) at 8:40 AM ET. This index measures inflationary pressures at the consumer level of the economy and is one of the most important rep...
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