Rates were mostly unchanged Tuesday morning as existing home sales for March came in on target with expectations. No other major economic reports are scheduled for release today. Investors’ focus now turns to Thursday’s release of Durable Goods Orders for March.

Mortgage rates improved Monday following a dramatic turnaround in investor sentiment Friday afternoon. Investors reacted favorably to indications the Federal Reserve Board has become increasingly concerned over the rate of inflation in recent weeks. Most economists now believe the Fed will lower the Fed Funds Rate to 2% from 2.25% at their next FOMC Meeting […]

Mortgage rates continued their upward trend Friday morning as stocks rallied. The Dow Jones Industrial Average was up over 200 points, more than 500 for the week. Two factors have weighed heavily on interest rates in recent days: inflationary concerns and investor sentiment. Tuesday’s release of the Producer Price Index showing the second largest monthly […]

Mortgage rates remained unchanged this morning after rising sharply the past two days. Traders are now betting the Federal Reserve will stop cutting interest rates after a 1/4% reduction in the Federal Funds Rate on April 30th. Growing concerns over inflation are seen as limiting the Fed’s ability to stimulate the economy through lower interest […]

Mortgage rates moved higher Wednesday afternoon as inflationary concerns mounted, led by rising food and energy prices. The surge has been fueled by weakness in the US Dollar, increased worldwide demand, and increased production of gasoline-alternative ethanol.

Mortgage rates were largely unchanged today as the Consumer Price Index came in on target with expectations. Inflation remains a concern for investors as the Dollar hit new lows against the Euro and crude oil jumped to nearly $115 a barrel. These developments may limit the Federal Reserve’s ability to continue cutting short term rates […]

Mortgage rates rose following release of the Producer Price Index for March showing the second largest monthly increase in three decades at 1.1%. Tomorrow’s release of the Consumer Price Index becomes even more significant in the wake of today’s numbers, as investors will be looking for further signals of inflation.

Mortgage rates were little changed today as retail sales came in close to expectations. Potential market movers this week include the Producer Price Index and the Consumer Price Index scheduled for release Tuesday and Wednesday, respectively. Core rates exceeding 0.2% for either index will fuel inflationary concerns and likely push rates modestly higher.

The 30 year fixed FNMA required net yield (60 day) is now at 5.62%. Stock market declines have boosted mortgage markets this morning, and the Dow is down about 120 points. March Import Prices ex-oil rose 1.1% from February.

Favorable repricing took place yesterday. The 30 year fixed FNMA required net yield (60 day) is now at 5.57%, the lowest level of the month. The stock market is nearly unchanged, and it has been a quiet morning. Today’s economic news had little impact.