Rates Unchang
Rates Unchang
Markets Anticipate Tuesday PPI Report
Mortgage rates were up slightly today due to weakness from Friday PM trading, although bonds are up slightly. The market is mostly focused on several reports which are due out tomorrow. Most importantly there is the May PPI report which will measure inflationary pressure at the level of the producer. Also Industrial Production and New [...]
Rates Rise On Strong Employment Data
Mortgage rates increased by at least .375 to price today on an unexpectedly strong Employment report for April. The Department of Labor reported that the unemployment rate fell last month, as did the number of job losses. Both numbers were expected to be an increase over March.
Additionally, March Factory Orders came in stronger than expected. [...]
| 
