Both the bond and the stock market closed out the year 2009 down, with bonds down 20/32 and the Dow down 42 points.   Mortgage rates will likely increase today by a quarter of a point. The year ended with Unemployment claims coming in far short of the expected level, suggesting some improvement in the job [...]

Today rates were flat on a mixed stock market, and stronger than expected economic news.   Rates could increase up to .25 to the price due to deterioration in bonds from late Friday afternoon. The surprise today was September’s New Home Sales report which posted an increase of 2.7% when the street had expected another decline.     [...]

Mortgage rates should improve today by about .125 in rate due to the massive stock market sell-off experienced yesterday.  Most of those gains in the bond, however can be expected to be erased tomorrow as a result of the comeback this afternoon in stocks, and late afternoon related weakness in bonds. The CPI came in [...]