Tag: oil prices
Rate Update for September 2, 2008
Mortgage rates are up across the board today. We shifted our outlook to a locking position on Friday and our shift proved timely. We alluded to technical trading patterns on Friday as a reason to lock and mortgage-backed bonds have now broken below the 100-day moving average which is partially why rates have moved [...]
Posted: September 2nd, 2008 under Rate Update.
Tags: mortgage rates, oil prices, stock market
Comments: 1
Rate update August 15, 2008
Rates are effectively unchanged again this morning. Following yesterday’s hot CPI data we got a slew of inflation related news that is helping support mortgage-backed bond prices today. *Gold prices are finishing the week with one of the steepest weekly declines since March. Gold prices tend to reflect the market’s future inflation expectations so the [...]
Posted: August 15th, 2008 under Rate Update.
Tags: gold prices, oil prices
Comments: none