Mortgage Rate Indicators for Denver Week of October 4th, 2010 Mortgage bond prices ended the week higher pushing mortgage interest rates slightly lower. These mortgage rate indicators were the reason rates improved the first portion of the week tied to weaker stocks and a lower than expected consumer confidence reading. Unfortunately a bounce back in stocks mid week erased the earlier positive movements. Income, outlays, and ISM data Friday morning all came in near expectations helping post some overall improvements for the week. The balance of the mortgage rate indicators resulted in rates finishing the week better by about 1/8 (0 comments)
interest rates for denver: Mortgage Rate Indicators for Denver
- 09/28/10 01:47 AM
Mortgage Rate Indicators for Denver - Week of September 27th, 2010 Mortgage bond prices ended near unchanged last week keeping mortgage interest rates historically low. The Fed meeting Tuesday went as expected. The Fed kept interest rates unchanged and noted they will keep rates low for an extended period of time. Mortgage rate indicators were positive through the middle portion of the week. Unfortunately stronger than expected data and surging stock prices the latter portion of the week eroded the earlier positive movements. Despite those negative (4 comments)