What's Ahead For Mortgage Rates This Week : October 26, 2009 - 10/26/09 08:22 AM
Mortgage markets were volatile last week, making it very difficult to shop for mortgage rates.
On most days, lenders issued multiple rate sheets with the trend putting rates higher in the morning, and lower in the afternoon.
Overall, mortgage rates were unchanged on the week. It broke a three-week streak through which mortgage rates rose.
Rates remain roughly one-half percent higher than the lows of early-October.
The biggest positive for rate shoppers last week was tame economic data -- specifically concerning the Producer Price Index and the housing sector.
The Producer Price Index is an inflationary, Cost of Living-like measurement for … (2 comments)

Mortgage Market Update - 10/13/09 08:56 AM
This week brings us the release of five economic reports that are of interest to the mortgage market along with the minutes from the last FOMC meeting. The week also gets heavy in quarterly earnings releases for companies, which could cause significant movement in the stock markets again. The earnings results could affect bond trading as investors move funds into stocks if the reports are good. The other possibility is that the earnings reports would generally disappoint, meaning investors may move funds out of stocks and into bonds as a safe-haven. The latter would be good news for the bond market … (0 comments)

Mortgage Market update for the week of Oct.5th - 10/05/09 08:19 AM
This week brings us only one monthly economic report for the markets to digest and it is not considered to be of high importance. This means that the week will be left mostly up to the stock markets and other influences since there is a lack of factual data for bonds to trade on. In addition to the one report, we also have two relevant Treasury auctions that can also cause movement in rates if demand for them is particularly strong or weak.The first relevant event of the week is Wednesday's 10-year Treasury Note auction.  a lackluster interest in the sale … (0 comments)

 
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Don Grimes

Don Grimes

Okemos, MI

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Michigan Mutual Mortgage

Address: 4572 S. Hagadorn Road, Suite 3-C, East Lansing, MI, 48823

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