mortgage rates: Week ahead in Mortgage Rates
- 04/04/11 05:37 AM
Week Ahead in Mortgage Rates After a busy week last week in mortgage rates, the Economic Calendar will be extremely light this week. ISM Services will come out on Tuesday. The minutes from the March 17 Fed meeting will also be released on Tuesday. These detailed notes on the discussion between Fed officials provide additional insight into the reasoning behind the Fed's decisions. (That should be interesting) Please contact me with any questions on mortgage rates, loan programs for Arizona and California, and general mortgage advice.
mortgage rates: The Week ahead in Mortgage Rates
- 03/28/11 05:05 AM
Week Ahead The biggest economic event this week will be the important Employment report on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Early estimates are for a gain of 170K jobs in March. Before the employment data, Pending Home Sales, Personal Income and the Core PCE price index will come out today. Chicago PMI will come out on Thursday, and the ISM Manufacturing index will be released on Friday. Consumer Confidence, Factory Orders and Construction Spending will round out the schedule. There … (3 comments)
mortgage rates: Weekly Mortgage Rate update
- 03/25/11 09:27 AM
Mortage Rate News.... Treasury Will Sell MBS With no major developments in Japan or the Middle East and little economic data on the schedule, mortgage markets had one of their quietest weeks of the year. The only significant market moving news was an unexpected announcement from the Treasury on Monday, which pushed mortgage rates a little higher. For the rest of the week, mortgage rates barely changed. The Treasury announced on Monday that it will begin selling its remaining $142 billion in agency-guaranteed mortgage-backed securities (MBS) holdings. Beginning this month, the Treasury plans to sell up to $10 billion per month, … (0 comments)
mortgage rates: This week ahead in Mortgage Rates
- 03/14/11 08:11 AM
The biggest economic event next week in mortgage rates will be Tuesday's FOMC meeting. Investors will be looking for an update on the Fed's plans for the quantitative easing program. The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Wednesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Thursday. CPI looks at the price change for those finished goods which are sold to … (0 comments)
mortgage rates: Little Change in Rates
- 03/04/11 06:08 AM
While investors continued to closely watch the events in the Middle East, there were few new developments there during the week. As a result, this week's important economic data had the greatest influence on mortgage rates. Daily volatility was high as investors reacted to the major economic reports, but mortgage rates ended the week essentially unchanged. Much stronger than expected economic data during the week caused investors to prepare for the possibility that the economy is growing more rapidly than expected. The Chicago PMI manufacturing index rose to the highest level since July 1988, and the ISM Services index rose to … (0 comments)
Week Ahead in Mortgage Rates
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