grauteam | mortgage update 1.7.2008
Today continued the FNMA 30 Year Mortgage bonds rally. The last 7 sessions have closed positive for mortgage bonds. Rates are knocking on the door of 5.625%. Read more
grauteam | mortgage update 1.02.2008
Filed under: Mortgage Rates Predictions, St. Louis Mortgage Rates
Rates are going to start out excellent in 2008. This morning the Supply Management Index Report for December was 47.7; the lowest in 2007. This means there was significant contraction in the manufacturing sector. Read more
grauteam | mortgage update 12.27.2007
Filed under: Mortgage Rates Predictions, St. Louis Mortgage Rates
This has been a pretty light week for economic reports. Bonds have been taking their direction from Stocks. The Case-Shiller Price Index for October showed a 6.1% decline in home prices. Read more
grauteam | mortgage update 12.17.2007
Rates have risen back to a 5 week high. Expect more volatility since the Fed is caught between fighting inflation and preventing a recession. Friday’s Personal Consumption Expenditure [ PCE ] Report confirms if inflation remains under to 2% and could be the deciding factor on future rate cuts. Read more
grauteam | mortgage update 12.10.2007
We have had another extremely volatile week for Mortgage Rates and it has continued today. Tomorrow the FED meets to decide policy on the Fed Funds Rate. We are banking on a .50bp rate cut. Read more
grauteam | mortgage update 12.03.2007
Filed under: Mortgage Rates Predictions, St. Louis Mortgage Rates
Rates have not been this good in 26 months ! Friday’s jobs report will be the deciding factor on how much the Fed Cuts its rate December 11 th . Read more
grauteam | mortgage update 11.19.2007
Filed under: Mortgage Rates Predictions, St. Louis Mortgage Rates
Interest Rates are continuing to improve today. They have not been this good since November 2, 2007 and are still very close to the lowest rates we’ve seen in 07. Read more