connecticut mortgage rates: Connecticut Mortgage Rates April 19, 2010 - 04/19/10 02:08 PM
Connecticut mortgage rates improved last week. Oil prices continued to fall off the beginning of the week. Fortunately Connecticut mortgage rates improved nicely amid the tame inflation environment. Unfortunately that trend reversed mid week as oil prices spiked tied to a report which indicated supplies declines. Stocks also surged higher as earnings reports generally pleased investors. The DOW easily eclipsed the 11,000 mark.
Despite this, Connecticut mortgage rates still managed to improve by about 1/4 of a discount point for the week.
Leading economic indicators data Monday will set the tone for trading this week. The producer inflation data will be the most important release. … (1 comments)
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connecticut mortgage rates: Connecticut Mortgage Rates April 6, 2010 - 04/06/10 07:58 AM
Mortgage bond prices fell again last week pushing Connecticut mortgage rates higher. The Fed ended the mortgage backed securities purchase program last Wednesday. There was no coincidence that rates spiked higher Thursday morning with the Fed no longer there to buffer negative movements and keep rates in check. Stock strength also pressured bonds as the Dow approached the 11,000 mark. Escalating oil prices also caused rates to spike higher as inflation fears begin to increase. Fortunately the PCE Price Index data came in as expected. Rates rose about 3/4 of a discount point for the week.
The Treasury auctions will once again … (1 comments)
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connecticut mortgage rates: Connecticut Mortgage Rates March 1, 2010 - 03/01/10 04:46 PM
Mortgage bond prices rebounded last week pushing Connecticut mortgage rates lower. The majority of the data came in bond friendly. Weaker than expected consumer confidence data Tuesday helped Connecticut mortgage rates improve. The Treasury auctions showed decent foreign demand. The gross domestic product price deflator component showed a smaller price increase than expected while the consumer spending component also came in weaker than expected. Existing home sales fell a surprising 7.1%, considerably weaker than the expected 1% increase. Rates fell about 3/4 of a discount point for the week.
The employment report Friday morning will take center stage this week. Until then, look … (1 comments)
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connecticut mortgage rates: CT Mortgage Rate Update February 23, 2010 - 02/23/10 01:59 PM
Market CommentMortgage bond prices fell last week pushing Connecticut mortgage rates considerably higher. The bond market took a hit as inflation concerns emerged after the stronger than expected producer price index data. Producer prices surged in January amid higher energy costs to almost double expectations. The Fed made a surprise rate hike to the discount rate that also resulted in CT mortgage rate increases. The only positive was the tame consumer inflation reading Friday morning but we were unable to rebound from the earlier losses. Unfortunately rates rose over a full discount point for the week.
The consumer confidence data Tuesday will … (0 comments)
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connecticut mortgage rates: Connecticut Mortgage Rates February 8, 2010 - 02/08/10 02:28 PM
Mortgage bond prices rose last week pushing Connecticut mortgage rates slightly lower. Reignited fear of a global economic meltdown sent money into the mortgage bond market in flight to quality buying. The news reports were permeated with worries about European debt payment defaults. Greece and a few other countries were noted as specific concerns. The employment report Friday morning was mixed with unemployment not as bad as expected but a larger than expected drop in payrolls. For the week Connecticut mortgage rates fell by about 1/4 of a discount point.
The record debt issuance continues with billions of dollars worth of notes … (1 comments)
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connecticut mortgage rates: Connecticut Mortgage Rate Update January 25, 2010 - 01/25/10 10:45 AM
Mortgage bond prices rose last week pushing Connecticut mortgage rates lower. The bond market rallied following crumbling stocks as the DOW fell 213 points Thursday. Weekly jobless claims came in higher than expected causing unemployment fears to cast a shadow over the state of the economy. In a consumer based economy it is difficult for people to spend money without a job. The producer price index was mixed as the headline figure was higher than expected but the core was lower than expected. For the week interest rates fell by about 1/4 of a discount point.
The Fed meeting Wednesday will be … (1 comments)
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connecticut mortgage rates: CT Mortgage Rates January 18, 2010 - 01/18/10 04:55 PM
Market CommentMortgage bond prices rose last week pushing CT mortgage rates lower. The bond market rallied nicely Tuesday following moves by China to curb growth. Oil prices fell almost immediately providing a much-needed reprieve following the recent run up in prices tied to severe cold weather across the US. The consumer price index data showed tame inflation, which also helped CT rates improve. For the week interest rates fell by about 1/2 of a discount point.
The inflation data Wednesday will be the most important economic release this week. Signs of stronger than expected inflation would not be good for CT mortgage rates. … (1 comments)
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connecticut mortgage rates: Connecticut Mortgage Rates December 28, 2009 - 12/28/09 09:46 AM
Connecticut mortgage rates moved higher last week for refinancing, and home purchase. The bond market took a beating as stocks surged despite mixed data. Existing CT home sales in November rose a surprising 7.4%. However, revised gross domestic product figures showed the economy only grew 2.2%, which was weaker than the expected 2.8% mark. Personal income and outlays data came in weaker than expected helping a bit. Unfortunately, the thin trading conditions magnified the earlier losses and made it difficult to recover. For the week CT interest rates rose by about 1 3/8 discount points.
The Treasury auctions will take center stage next … (0 comments)
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connecticut mortgage rates: Connecticut Mortgage Rate Update December 15, 2009 - 12/15/09 09:22 AM
Mortgage bond prices were near unchanged last week holding Connecticut mortgage rates steady. Trade was extremely volatile with swings of 1/2% in discount points common. The Treasury auctions were not as well received by foreign accounts as traders were hoping. The US relies on foreign central banks such as China to fund our deficit spending. If China were to decrease or cease purchasing US bonds and notes, rates would rise.
Interest rates finished the week near unchanged.
The inflation data will be the most important releases this week. Inflation erodes the value of fixed income securities causing prices to fall and … (1 comments)
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connecticut mortgage rates: Connecticut Mortgage Rate Update December 1, 2009 - 12/01/09 09:57 AM
Mortgage bond prices rose last week pushing Connecticut mortgage rates lower. The economic data continues to be mixed. Personal income, outlays, and PCE inflation data were stronger than expected. Trading was thin and erratic. Thin trading conditions, news of the looming debt crisis in Dubai and a continued influx of Fed money into the mortgage bond market helped rates improve.
Connecticut mortgage rates finished the week improved by about 1/2 of a discount point.
The employment report will be the most important release this week. This is one of those weeks where there are many economic releases classified as very important or important. … (1 comments)
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connecticut mortgage rates: CT Mortgage Rates November 24, 2009 - 11/24/09 07:35 AM
Mortgage bond prices rose last week pushing CT mortgage rates lower. Mixed data resulted in up and down trading but within a relatively narrow range. Things were going well the first part of the week with CT rates improving until Wednesday when the consumer price index and the core came in higher than expected. Inflation, real or perceived, erodes the value of fixed income investments causing prices to fall and rates to rise. We saw some of that mid-week. Despite this, CT mortgage rates finished the week improved by about 1/8 to 1/4 of a discount point.
The US Treasury will continue the record … (1 comments)
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connecticut mortgage rates: Connecticut Mortgage Rate Update November 16, 2009 - 11/16/09 08:22 AM
Mortgage bond prices rose last week pushing Connecticut mortgage rates lower. The Fed spent another $45 billion buying mortgage bonds between November 5th and the 11th. For all the criticism the Fed receives for the handling of the economy, they do deserve credit for keeping mortgage interest rates low throughout this year. How it all plays out in the long term is uncertain. The record Treasury auctions continued to be absorbed in trading without any major problems. For the week, Connecticut mortgage rates improved by about 7/8ths of a discount point.
The consumer price index data Wednesday will be the most important release … (2 comments)
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connecticut mortgage rates: Connecticut Mortgage Rates Update November 6, 2009 - 11/07/09 07:57 AM
Connecticut Mortgage Rates were near unchanged for the week amid very choppy trading conditions. Stronger than expected factory orders and ISM Index data were generally not bond friendly and attributed to higher rates in the middle of the week. Fortunately the Fed indicated the continued desire to keep mortgage rates low for an extended period. In addition, higher than expected unemployment and more payroll losses than expected helped mortgage bonds rally Friday. For the week, Connecticut mortgage rates finished near unchanged.
The record debt auctions Monday, Tuesday, and Thursday will once again take center stage as the Veterans holiday Wednesday splits the … (2 comments)
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connecticut mortgage rates: Connecticut Mortgage Rates October 13, 2009 - 10/13/09 08:50 AM
Mortgage bond prices fell last week pushing mortgage interest rates higher. The Treasury auctions were mixed with the 3 and 10-year auctions showing decent foreign demand. Unfortunately the 30-year auction was a huge disappointment and caused mortgage interest rates to worsen Thursday. The fear of future rate hikes sent mortgage bonds lower Friday pushing mortgage interest rates higher. For the week, interest rates rose by about 1/2 of a discount point.
The consumer price index will be the most important release this week. Any signs of inflation will generally not bode well for mortgage bonds. Retail sales and the Fed minutes … (0 comments)
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