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Surprise New Home Sales Increase For September

Today rates were flat on a mixed stock market, and stronger than expected economic news. Rates could increase up to .25 to the price due to deterioration in bonds from late Friday afternoon. The surprise today was September’s New Home Sales report which posted an increase of 2.7% when the street had expected another decline. However [...]

Mortgage Rates Volatile and Rising

Mortgage rates should improve today by about .125 in rate due to the massive stock market sell-off experienced yesterday. Most of those gains in the bond, however can be expected to be erased tomorrow as a result of the comeback this afternoon in stocks, and late afternoon related weakness in bonds. The CPI came in today [...]

Fed and Six World Central Banks Make Emergency Rate Cut

The US Federal Reserve and six other central banks cut their overnight lending rates by 50 basis points, over concern about weakening economic conditions. Bonds, following stock market skepticism over the move, were down despite the cut, pushing rates higher by about .25 the the price. Fed and Six World Central Banks Make Emergency Rate Cut

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