Mortgage Rate Indicators for Denver
Today's market was a little rough with cost of financing jumping up a bit. Temporary blip or a sign of what's coming just around the corner? No crystal ball is giving a certain answer to that question. Just stay in close communication with a lender who is keeping a close eye on the mortgage rate indicators!
Market Comment - Week of March 22nd, 2010 Mortgage bond prices rose last week helping mortgage interest rates improve slightly. We started the week on a positive note with rates falling amid tame inflation readings. The producer price index fell 0.6% and the core rose 0.1%. The headline figure was the lowest since July 2009. Weekly jobless claims showed the employment situation remained poor. Unfortunately we saw the market fall a bit pushing rates higher Thursday afternoon following the announcement of the size of the upcoming Treasury auctions and amid fear of future rate hikes. Rates fell about 1/8 of a discount point for the week.
Gross Domestic Product The Gross Domestic Product (GDP) is one the most important reports during any given quarter. GDP is a measure of US economic output and spending. The report is significant in that it provides investors, analysts, traders, and economists with a comprehensive report of the direction of the economy. In addition, it also influences the decisions of Federal Reserve policy makers, Congressional budget employees, and corporate financial planners. |
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