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Thursday's bond market has opened in positive territory following early stock weakness. The stock markets are giving back some of yesterday's late gains with the Dow down 90 points and the Nasdaq down 19 points. The bond market is currently up 8/32, which should improve this morning's mortgage ra...
WEDNESDAY AFTERNOON UPDATE:The first FOMC meeting of the year has adjourned with news of another cut to key short-term interest rates. In addition to last week's surprise .750 reduction, the Fed dropped them another .50 of a discount point at this meeting. The move didn't surprise some but did su...
This week is extremely busy in terms of economic data scheduled for release and will likely be another active week for mortgage rates. The number of releases is actually irrelevant due to the importance of the some of the reports. There are nine economic releases scheduled for the week in additio...
This week brings us the release of only one piece of monthly economic data. We will also get weekly unemployment claims, but it usually has little impact on bond trading and mortgage rates. Therefore, the stock markets could very well be a major influence eon bond trading and mortgage rates this ...