The demand for U.S. Government backed securities is up, Europe is still struggling, stocks barely budge, and we have a mouth-full of economic data to chew on for the day.
How much can you SAVE with today's crazy low mortgage rates? Find out now!
Tag Archives: Bond Market
Market Swayed by Financial Woes in Italy and Greece – Market Update
The bond market takes a hit as debt-laden Greece and Italy struggle to regain economic prowess abroad.
Financial Woes in France Influence Bond Market – Market Update
The bond market saw fluctuation this morning as a result of France’s role in the European debt crisis.
Jobless Claims Report Better Than Expected – Market Update
The jobless claims report came in better than expected, showing a drop in initial jobless claims of 39,000 last week, adding pressure to bonds this morning.
Low Yields Discourage Demand for Securities – Market Update
Yesterday, mortgage bonds and Treasuries ended the day higher following a couple of bearish economic releases. Today mortgages and Treasuries are lower and low yields [...]
Today’s Low Mortgage Rates Can Help Homeowners Fight Rising Costs
Have skyrocketing gas prices put the pinch on your budget? If so, you’re not alone.
Every time I go to the gas station, it seems as the though the gallon counter goes slower and the money counter goes faster. Not fun.
What is going on in the world???? Lots.
Bond Market Closed to Observe President's Day – Market Update
The bond market is closed today in observance of the President’s Day holiday. Later in the week, key data will be released, including, existing home sales, new home sales, Gross Domestic Product, and durable goods.
Market Update – Treasuries Up After U.S. GDP Grows 2%
Treasuries opened up this morning and then jumped up more following the morning’s GDP report. The report, which is one of the Fed’s preferred inflation measures, increased less than forecast and added speculation that they will be boosting purchases of long-term assets. Also, today’s October consumer confidence report from the University of Michigan is expected to rise.
Market Update – Fed Likely to Jolt Economy with Second Round of Stimulus
The bond markets are closed today in observance of the Columbus Day holiday. On Friday morning, mortgage backed securities first rallied on the disappointing non-farm payroll reports, then sold off after originators began selling into the week long rally. The disappointing employment figures have raised expectations among investors, that the central bank will move to jolt the economy with another round of stimulus. Today, two Vice Chairmen of the FOMC and Board of Governors are scheduled to speak.
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