WeeklyBasis 01/16/07: Rates Higher on Post Holiday Spending

This holiday-shortened trading week, fixed and ARM rates are up slightly over last week after better than expected December retail sales. The strong retail report plus a surge in gift card sales during the holidays caused a bond sell off (which causes rates to rise). Bond traders were also betting January will be another strong

WeeklyBasis 01/12/04: Lots of Economic Data this Week, Expect Rate Volatility

Rates/commentary for the week of January 12, 2004. Rates improved by about 0.25% Friday as Treasury and mortgage-backed bond markets rallied strongly on December’s weaker-than-expected employment data. The end of this week is huge for economic releases. We’ll see reports on inflation (CPI and PPI), retail sales, weekly jobless claims and consumer sentiment. Remember, though,

WeeklyBasis 10/15/03: Rates Up on Weak Retail Sales

Rates and commentary below are as of October 15. Sorry for delay, I was out ill earlier this week. Rates on 30-yr and 15-yr loans are up about 0.25 from last week, but rates on ARMs are holding steady near record lows. Retail sales figures released this morning showed the first decline in five months,