Total Number of News: 6185
- 8/9/2005 - Mortgage Headlines
Mortgage Rates Remain Elevated
The Fed raised short-term interest rates by 25 basis points on Tuesday for the 10th consecutive time since June 30, 2004. This brings the target fed funds rate to 3.5 percent. The financial markets fully expected this decision but rallied in its wake whe... - 8/9/2005 - Mortgage Headlines
The Fed Does It Again
For the tenth consecutive time since June 30, 2004, the Federal Open Market Committee raised the target rate on fed funds - the rate banks charge each other for overnight loans - by 25 basis points to 3.5 percent. This move came as no surprise, as it was... - 8/5/2005 - Mortgage Headlines
Strong Jobs Report Puts Upward Pressure on Mortgages
The addition of 207,000 jobs to non-farm payrolls in July wreaked havoc on the financial markets on Friday, with sell-offs hitting U.S. Treasury securities and Wall Street as well. The surge in jobs raised concerns about inflation and the possibility of... - 8/4/2005 - Mortgage Headlines
Pre-Jobs Report Jitters Keep Upward Pressure on Mortgage Rates
With little in the way of economic news to guide and the specter of Friday's July Employment report looming large, U.S. Treasury securities traders found no motive to buy on Thursday and only a few reasons to sell. First-time jobless claims edged down ju... - 8/3/2005 - Mortgage Headlines
Treasury Rally Pushes Mortgage Rates Back Down
After spiking on Tuesday, mortgage rates edged back down on Wednesday. Rates had ticked up for three straight sessions due to aggressive selling of U.S. Treasury securities spurred by a steady stream of positive economic news. Selling of Treasuries sends... - 8/2/2005 - Mortgage Headlines
Mortgage Rates Racing Up
Further indications of solid economic growth fostered another round of selling of U.S. Treasury securities Tuesday. A strong reading on Factory Orders for June and vigorous Personal Spending, supported by hefty auto sales, concerned bond traders who see... - 8/1/2005 - Mortgage Headlines
Mortgage Rates Continue to Edge Up
Another strong report on manufacturing conditions on Monday raised concerns about inflation and spurred yet another sell-off in U.S. Treasury securities. Recent reports verifying that the economy is seeing solid growth have raised the specter of inflatio... - 7/28/2005 - Mortgage Headlines
Mortgage Rates Holding at Higher Levels
Bond traders resumed buying of U.S. Treasury securities on Thursday, with some finding the higher yields (and lower prices) difficult to resist, while others were squaring their end-of-month positions. A smaller group may be anticipating a weaker-than-fo... - 7/27/2005 - Mortgage Headlines
Mortgage, Treasury Rates Edge Upward
Signs the U.S. economy remains firmly on track while inflation continues to stay under control pushed Treasury prices lower on Wednesday and yields, which move opposite of prices, headed slightly higher again. The move in key Treasury yields meant lender... - 7/26/2005 - Mortgage Headlines
Mortgage Rates Holding at Higher Levels
Traders in U.S. Treasury securities accepted the fact that China's revaluation of the yuan last week will have limited impact on that country's buying of government debt. With this worry out of the way, Treasuries attracted light buying on Tuesday, but ...