mortgage rates: Mortgage Rates Dip, Retail Sales Weak In December
- 01/17/11 07:06 AM
Consumers keep spending, the economy keeps growing. Mortgage rates are improving this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010. Excluding motor vehicles and auto parts, December's sales receipts were $1.5 billion higher from November. Analysts had expected a number north of $2 billion. Despite falling short of estimates, however, December's reading is the highest in Retail Sales history, surpassing the previous record set in July 2008, set during the recession. In addition, December's strong numbers helped 2010's year-over-year numbers go positive for the first time in 3 years. Although the data is a mixed bag for Wall Street, home … (0 comments)
mortgage rates: Mortgage Rates Dip, Retail Sales Weak In December
- 01/14/11 10:25 AM
Consumers keep spending, the economy keeps growing. Mortgage rates are improving this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010. Excluding motor vehicles and auto parts, December's sales receipts were $1.5 billion higher from November. Analysts had expected a number north of $2 billion. Despite falling short of estimates, however, December's reading is the highest in Retail Sales history, surpassing the previous record set in July 2008, set during the recession. In addition, December's strong numbers helped 2010′s year-over-year numbers go positive for the first time in 3 years. Although the data is a mixed bag for Wall Street, home … (0 comments)
mortgage rates: Mortgage Rates for Boise Idaho This Week: January 3, 2011
- 01/04/11 06:29 AM
Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. Mortgage bonds improved on year-end profit-taking, mostly, leading conforming mortgage rates in Idaho lower. Last week marked the first calendar week in which mortgage rates dropped since early-November, a pleasing development for rate shoppers and home buyers.Falling rates means lower monthly mortgage payments. But don't expect for rates to improve again this week, however. Last week's gains were the result of extremely low trading volume and a close-out of 2010 mortgage bond positions. With markets re-opened for 2011, and Wall Street back at full volume, … (0 comments)
mortgage rates: Mortgage Rates for Boise Idaho This Week : November 15, 2010
- 11/15/10 05:27 AM
November 15, 2010 by Dean Tucker of Waterstone Mortgage In a holiday-shortened trading week, mortgage markets tanked last week, casting doubt on whether the bond market's 7-month bull run will continue. Fears of inflation caused conforming mortgage rates to rise in Idaho. Last week marked the first sizable mortgage rate increase over the course of 7 days since April. The biggest reason why rates rose last week was because of concerns that the Federal Reserve's latest round of stimulus will devalue the U.S. dollar. The Fed pledged an additional $600 billion to the bond markets two weeks ago and, to meet … (0 comments)
mortgage rates: Explanation of the November 3rd Federal Reserve Statement
- 11/04/10 06:23 AM
The Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. In its press release, the FOMC noted that, since September's meeting, the pace of economic and job growth "continues to be slow". Housing starts are "depressed", income growth is "modest" and commercial real estate investment is "weak". (Ouch!) With respect to its prior economic stimuli, the Fed deemed the recovery "disappointingly slow", while, at the same time, noting that growth will come. The Fed also noted that inflation is running lower that what's optimal, hinting at the potential for … (0 comments)
mortgage rates: The Federal Reserve is making a BIG announcement tomorrow
- 11/02/10 09:06 AM
(November 2, 2010) The Federal Reserve is announcing on Wednesday its new policy statement for their timetable and purchase amounts for Treasuries. The new program has been compared to an economic B-12 shot. The new round of government bond purchases is aimed at lowering long-term interest rates and stimulating the stalled economy. It is expected that the Fed will buy between $400 billion to $750 billion in Treasury notes or other assets over the next six to eight months. The goal: drive up the prices of long-term bonds, which in turn, pulls down rates on mortgages and other loans, spurring consumers … (1 comments)
mortgage rates: Mortgage Rates in Boise Idaho
- 10/18/10 10:20 AM
October 18, 2010 - Mortgage markets worsened last week in back-and-forth trading, pushing conforming mortgage rates higher on the week. Despite the uptick, however, Freddie Mac reports that rates in Idaho still managed to make new, all-time lows for the third week in a row. The benchmark 30-year fixed rate mortgage is now down 1.02% since April 2010. The United States is experiencing a Refi Boom. As compared to 6 months ago, a new, $200,000 home loan costs $124 less per month in principal + interest. This week, monthly payments may fall some more. It all depends on data. Early in … (0 comments)
Consumers keep spending, the economy keeps growing.
;)
;)
