| 61. | Mortgage rates dip again
U.S. Treasury securities got a boost from the initial reading on the consumer price index, or CPI, report for December. But a closer look at the data revealed some worrisome numbers within the core index and this halted buying and stirred some light The CPI, a key gauge of inflation at the retail level, fell 0.1 percent last month - when analysts were expecting a 0.2 percent increase. The November reading showed a steep 0.6 percent decline. The core rate, which eliminates volatile food and energ..
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| Article XML Feed | | - Wednesday, January 18, 2006 |
| | 62. | Mortgage rates holding lower
U.S. Treasury securities were volatile on Tuesday, losing ground in the early going but rebounding to close with a gain. Stronger-than-expected data on manufacturing in December put selling pressure on bonds at opening, but a friendlier report from Industrial production and capacity utilization came in above expectations, with production rising 0.6 percent - better than the 0.5-percent increase that was forecast, but below the 7-percent gain posted in November. This indicator monitors productio..
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| Article XML Feed | | - Tuesday, January 17, 2006 |
| | 63. | Mortgage rates fall in wake of tepid reports
A pair of economic reports that showed benign inflation and modest retail sales boosted U.S. Treasury securities on Friday. Traders bought Treasuries aggressively in the wake of the producer price index, or PPI, and retail sales reports for December.The producer price index for December rose 0.9 percent - more than double the 0.4 percent increase that was forecast. But the core rate, which excludes volatile food and energy prices, rose by only 0.1 percent, when a 0.2 percent increase was expect..
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| Article XML Feed | | - Friday, January 13, 2006 |
| | 64. | Mortgage rates rebound to higher levels
Another day of selling in U.S. Treasury securities sent prices down on Wednesday and their yields, which move in the opposite direction of prices, up. With no economic news for guidance, bond traders played the waiting game - wondering what FridayOther items weighing on bonds include the issuance of corporate debt, which is historically heavy in January, and the prospect of weaker demand by foreign banks and investors (indirect bidders) for Treasury securities. Today's lackluster response..
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| Article XML Feed | | - Wednesday, January 11, 2006 |
| | 65. | Mortgage rates yield to upward pressure
Strong economic news from Europe dampened appetite for U.S. Treasury securities on Tuesday, sending Treasury yields, which move in the opposite direction of prices, higher. The increase in yields, which lenders use as a guide to set mortgage rates, hThere was little domestic economic news, but a big jump in consumer confidence in Germany and strong December retail sales in the United Kingdom spurred selling in the U.S. bond markets in pursuit of higher yields in the Eurozone. There was also a fl..
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| Article XML Feed | | - Tuesday, January 10, 2006 |
| | 66. | Mortgage rates unmoved by Wall Street's good fortune
The bulls went roaring down Wall Street on Monday, but U.S. Treasury securities held tight. Bond trading was range bound, with no economic news to spur either buying or selling. Even afternoon speeches by two members of the Federal Open Market CommitThe only report released on Monday showed consumer credit in November basically unchanged. Credit edged down $0.6 billion for the month, but the report had no impact on the markets. Treasury traders will have to wait until Friday for some meaningful ..
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| Article XML Feed | | - Monday, January 09, 2006 |
| | 67. | Mortgage rates hold at low levels
A weaker-than-expected December employment report boosted U.S. Treasury securities early Friday. Bond traders took the slim gains in employment as a sign that the Fed would halt its rate-hike program after its Jan. 31 meeting. But a closer look at tThe employment report showed the addition of only 108,000 jobs to nonfarm payrolls - about half of what analysts were expecting, while unemployment dipped to 4.9 percent. This figure, however, is derived from a separate survey. The worrisome parts of..
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| Article XML Feed | | - Friday, January 06, 2006 |
| | 68. | Mortgage rates lower on some products
Yields on U.S. Treasury securities barely moved on Thursday as bond traders focused on Friday's December employment report. Treasuries sank on a decrease in unemployment claims, but rallied back on a bond-friendly report from the service sector. The financial markets are on edge with regard to Friday's employment numbers. The average for jobs added to nonfarm payrolls has held at about 200,000 a month in 2005, but there are whispers that tomorrow's report could be strong - showing as..
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| Article XML Feed | | - Thursday, January 05, 2006 |
| | 69. | Mortgage rates begin to edge downward
Tuesday's rally in U.S. Treasury securities continued into Wednesday, sending prices up, and yields, which move in the opposite direction of prices, down a bit further., Treasuries soared yesterday after the minutes from the Dec. 13 meeting of the Fed indicated that its 18-month rate-hike campaign is nearing an end. Although gains were more subdued today, prices crept up, sending yields that mortgage lenders use as a..
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| Article XML Feed | | - Wednesday, January 04, 2006 |
| | 70. | Fed Minutes Rally Treasuries, Hint Rate Hikes Will End
On Tuesday the release of minutes from the Dec. 13 meeting of the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, revealed that the Fed's 18-month long program of rate hikes, at a 25-basis-points a clip, is almThe yield on the 2-year note slid more than that of the 10-year, solving - at least temporarily - the problem of the yield curve inversion that existed last week. This occurs when the yield on the 2-year note exceeds the yield on the10-year note. In ..
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| Article XML Feed | | - Tuesday, January 03, 2006 |
| | 71. | Mortgage Rates Close a Tad Lower
U.S. Treasury securities continued to hypnotize investors who can't stop watching the yield curve inversion, which steepened a little on Friday. This type of inversion occurs when the yield on the 2-year note exceeds the yield on the 10-year noteU.S. Treasuries opened to the upside, but with no news to support buying, an early close and light volume, prices of Treasuries slid and their yields, which move in the opposite direction of prices, edged up. Increases in yields, which lenders use to..
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| Article XML Feed | | - Friday, December 30, 2005 |
| | 72. | Mortgage Rates Begin to Slip
A decline in the sale of existing homes and a bond friendly Chicago PMI kept bond traders from selling U.S. Treasury securities on Thursday, but that was about it. Even a slight uptick in first-time unemployment claims and a successful auction of twoThe yield curve inversion, which occurs when yields on short-term Treasury bills and notes are higher than the yield on the10-year note, is a matter of curiosity. Historically, an inversion can foretell an economic slowdown or a recession, as it di..
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| Article XML Feed | | - Thursday, December 29, 2005 |
| | 73. | Mortgage Rates Holding
A stronger-than-expected report on Consumer Confidence released Wednesday put pressure on U.S. Treasury securities in the early going. Bonds were also under scrutiny due to the inversion of the yield curve, which occurred on Tuesday for the first timAnother factor putting upward pressure on the yield of the two-year is the $20 billion supply of new two-year notes that go on the auction block Thursday. Treasury yields and prices move in the opposite directions. Today's relatively small change..
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| Article XML Feed | | - Wednesday, December 28, 2005 |
| | 74. | Mortgage Rates On The Way Down
With no economic news released on Tuesday and trading volumes light due to holiday vacationers, the financial markets were somewhat volatile. Strong buying in U.S. Treasury securities sent yields, which move in the opposite direction of prices, down.The sharp decline in yields, which hit their lowest levels since late September, supported mortgage rates, however. Lenders who use yields as a guide to set rates were able to begin edging them down on many products., ..
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| Article XML Feed | | - Tuesday, December 27, 2005 |
| | 75. | Mortgages Steady as Treasury Yields Slip
Mortgage rates softened slightly early on Friday then edged back up to flat levels during a shortened pre-holiday session that saw Treasury yields fall again as prices staged another smart advance., Treasury prices gained ground in very thin trading for a second consecutive day after news that November U.S. new home sales proved far weaker than expected. Sales fell 11.3 percent to a 1.245 million unit annual rate, more than offsetting October..
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| Article XML Feed | | - Friday, December 23, 2005 |
| | 76. | Mortgage Rates Little-Moved by Treasuries
U.S. Treasury yields eroded on Thursday and prices, which always move the opposite direction, snapped upward on signs that consumer-level inflation remains benign. But the downswing in yields had little immediate effect on mortgage lending rates, whiTreasury prices firmed when November U.S. personal income and spending each rose 0.3 percent. But they gained upward momentum from news that personal consumption expenditures excluding food and energy costs edged up just 0.1 percent, its smallest gai..
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| Article XML Feed | | - Thursday, December 22, 2005 |
| | 77. | Mortgage Rates Remain Flat
A slight upward revision of one of the Fed's favored inflation indicators spurred selling of U.S. Treasury securities on Wednesday in spite of a slower growth rate in the Gross Domestic Product (GDP). The final third-quarter GDP edged down to 4.1The bugaboo, however, was the personal consumption expenditure (PCE) index, which the Fed relies on heavily as an inflation indicator. The PCE was adjusted up to 1.4 percent from the previous 1.2 percent. It should be noted, however, that final secon..
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| Article XML Feed | | - Wednesday, December 21, 2005 |
| | 78. | Mortgage Rates Try to Rise
A bond friendly Producer Price Index (PPI) could have sparked strong buying in U.S. Treasury securities on Tuesday, but an unexpected jump in housing starts halted any thoughts of a rally. Instead, traders sold on the premise that a strong housing maHousing Starts in November stunned the financial markets, rising 4.95 percent to an annual rate of 2.12 million units. This was far more than the 2.02 million units forecast, which was also the same number as revised starts for October. Building Per..
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| Article XML Feed | | - Tuesday, December 20, 2005 |
| | 79. | Mortgage Rates Refuse to Move
U.S. Treasury securities traded within a narrow range on Monday after posting good gains Friday. Prices remained steady-to-up and yields, which move in the opposite direction of prices, were firm-to-down. Mortgage rates, which are based on Treasury yThe yields on the two-year and five-year notes inverted on Monday, meaning that the yield on the short-term two-year note edged higher than the yield on the five-year. These moves indicated to some that the economy may be slowing - a reason for the F..
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| Article XML Feed | | - Monday, December 19, 2005 |
| | 80. | Treasuries Gain on the Week, Mortgage Rates Hold
U.S. Treasury securities got a boost from an unexpected source on Friday. The only economic news of the day - the third-quarter current account deficit - came in lower than expected and spurred some buying in bonds. Current accounts, the broadest meaStocks Trade Down, ..
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| Article XML Feed | | - Friday, December 16, 2005 |
| | 81. | Mortgage Rates Go Nowhere
U.S. Treasury securities got some good news on inflation Thursday morning, but the elation was short-lived. Stronger-than-expected reports from the manufacturing sector reminded traders that aggressive economic growth would likely keep the Fed hikinThe Consumer Price Index (CPI) fell 0.6 percent in November, surpassing the forecast for a 0.4 percent drop. The decline - the biggest since 1949 -- was pegged to an 8-percent slide in energy prices, which included a whopping 16-percent drop in gasol..
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| Article XML Feed | | - Thursday, December 15, 2005 |
| | 82. | Treasury Yields Slide on Rate Outlook Optimism
U.S. Treasury yields slid on Wednesday as prices, which always move the opposite direction, rallied strongly amid optimism that the economy is not growing so quickly as to spark inflation that would tempt the Federal Reserve to tighten credit more agTreasury prices, which jumped on Tuesday after the Fed's Open Market Committee meeting results, gained more upside momentum from news that the U.S. trade deficit unexpectedly widened October. The trade gap yawned to a record $68.9 billion, far wi..
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| Article XML Feed | | - Wednesday, December 14, 2005 |
| | 83. | Treasury Yields Fall on Fed Policy Statement
The perception that the Federal Reserve may be closer to ending its 18-month tightening campaign hoisted prices of U.S. Treasury securities higher on Tuesday as yields, which always move in the opposite direction, pulled back. The Treasury market movThe Fed, as expected, raised its federal funds target rate to 4.25 percent, its highest level in about 4-1/2 years. The move was the 13th back-to-back quarter-point rate hike in the overnight interbank lending rate since June 2004., ..
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| Article XML Feed | | - Tuesday, December 13, 2005 |
| | 84. | Fed Raises Rates; Changes Language
The Federal Reserve's Open Market Committee on Tuesday raised its federal funds rate by a quarter percentage point, to 4.25 percent, its 13th consecutive 25-basis-point rate hike since June 2004. It also altered the wording of its accompanying poThe Fed removed wording from its statement indicating Fed policy has been accommodative and that it could remove that accommodation at a measured pace. Instead, the Fed inserted language that said some further policy firming is likely to be needed., ..
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| Article XML Feed | | - Monday, December 12, 2005 |
| | 85. | Treasury Yields Surge While Mortgage Rates Hold
A sell-off in U.S. Treasury securities on Friday sent yields, which move in the opposite direction of prices, back up close to Monday's levels. This left Treasuries and mortgage rates close to unchanged after a volatile week. Catalysts for today&The University of Michigan's consumer sentiment survey soared in the first two weeks of December, with falling gasoline prices and an improving job market cited as reasons for optimism. Both 'current conditions' and 'expectations'..
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| Article XML Feed | | - Friday, December 09, 2005 |
| | 86. | Mortgage Rates Unchanged In Spite of Bond Rally
An unexpected increase in first-time jobless claims on Thursday paired with hope that the Fed will change the language in its post-meeting statement next week spurred buying in U.S. Treasury securities. Yields, which move in the opposite direction ofFirst-time unemployment claims for the week ended Dec. 3 showed claims rose by 6,000 to 327,000 - more than the forecast for 317,000 and up from the revised 321,000 of the previous week. The report also noted that at least 569,000 jobs have been lost..
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| Article XML Feed | | - Thursday, December 08, 2005 |
| | 87. | Treasuries Give Back Gains, Mortgage Rates Hold
U.S. Treasury securities on Wednesday gave back some of yesterday's gains, as traders turned their attention to the Fed meeting on tap for Dec. 13. Tuesday's bullish numbers on productivity that showed no traces of inflation spurred a bond raScant economic news had no effect on the financial markets. The biggest report of the day showed inventories of crude, natural gas and distillates (heating oil) rising unexpectedly. Oil inventories were up 2.7 percent and both natural gas and heating..
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| Article XML Feed | | - Wednesday, December 07, 2005 |
| | 88. | Treasuries Rally, Mortgage Rates Hold
U.S. Treasury securities rallied on positive economic news on Tuesday, with traders believing the lack of inflationary pressures could allow the Fed to begin ratcheting down its rate-hike program early next year. Revised third-quarter Productivity & Revised Productivity & Costs rose 4.7 percent in the third-quarter - more than the forecast 4.4 percent increase, and up from the initial reading of a 4.1 percent rise. Labor costs fell by 1 percent. Economists were looking productivity to increase b..
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| Article XML Feed | | - Tuesday, December 06, 2005 |
| | 89. | Mortgage Rates Holding at Higher Levels
Continuing signs of economic strength spurred another round of selling in U.S. Treasury securities on Monday. Although today's release of the Institute of Supply Management's (ISM) index of non-manufacturing conditions (the service sector) foThe ISM on services fell to 58.5 from the previous reading of 60-more than the forecast of a drop to 59. And the numbers inside the report weren't all that bullish. Prices paid-a component closely watched for signs of inflation-fell to 74.2 from ..
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| Article XML Feed | | - Monday, December 05, 2005 |
| | 90. | Mortgage Rates Creep Higher
The November Employment Report released on Friday came close to expectations, with 215,000 jobs added to non-farm payrolls. But wages rose only 0.2 percent (3 cents an hour) -- in line with forecasts. The unemployment rate, determined from a separateTraders also listened to San Francisco Fed president Janet Yellen who said, 'The end of the current tightening phase is yet at hand,' adding that the language in the Fed statement that accompanies the decision on interest rates will have to b..
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| Article XML Feed | | - Friday, December 02, 2005 |
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