Posts Tagged ‘current interest rates’
Weekly Mortgage Update
Not a lot of news in this shortened week. The big news was really President Obama’s speech. But more government intervention, while helpful in some regards, is still more of a Band-Aid in my opinion. The Fed Beige Book showed some districts with stronger economic growth (Dallas) and some with slower growth (Philly, Richmond and…
Read MoreWeekly Mortgage Update
Inflation data came in higher than expected for July which would normally push rates higher. But there is so much concern over the possibility of a ‘double-dip’ recession that no one is worried about inflation in the near future. Also, it’s becoming increasingly clear that the Eurozone is headed for default sooner rather than later.…
Read MoreWeekly Mortgage Update
The Volatility index or the ‘vix index’ is what this week was all about. Basically that is Wall Street’s measure of fear – they call it volatility. When things are calm and people know that they aren’t likely to loose money, the vix is low. When there is FEAR in the markets, the vix is…
Read MoreWeekly Mortgage Update
Another relatively slow summer week in the financial markets this week but the Fed’s lack of comment regarding the continued buying of mortgages and treasury bonds sent a big message: No QE3. This will eventually have an upward push on rates. Here’s why. Assume you have 100 customers who always buy your Mama’s Fresh Cannoli’s…
Read MoreWeekly Mortgage Update
There was some good news on jobless claims this week showing that the economy continues to add jobs. But the housing data came out weak, overshadowing the jobs numbers and confirming that our recovery has its ups and downs. Building permits, housing starts and existing home sales all came in lower than last month. A…
Read More