Total Number of News: 202
- 7/21/2005 - Mortgage Headlines
Mortgage Rates Likely to Rise
China surprised the financial markets on Thursday by announcing that it is revaluing its currency, if only modestly. China will let the yuan 'float' against a 'basket of currencies' rather than tying it to the dollar. Although this move should raise pric... - 7/19/2005 - Mortgage Headlines
Mortgage Rates Hold for Another Day
Mortgage rates briefly spiked overnight and early Tuesday due to the big jump in Treasury yields on Monday. Yields on Treasuries, which move in the opposite direction of prices, soared yesterday, with the yield on the benchmark 10-year note hitting 4.22 ... - 7/18/2005 - Mortgage Headlines
Mortgage Rates Hold in Spite of Tough Day
It was a tough day for the financial markets. Stocks closed in negative territory. U.S. Treasuries securities sold off. In fact, outside of a few select stocks, the only things that rose on Monday were Treasury yields, which move in the opposite directio... - 7/14/2005 - Mortgage Headlines
Mortgage Rates Remain at Elevated Levels
Mixed economic reports kept pressure on U.S. Treasuries Thursday morning. Strong retail sales were countered by a benign Consumer Price Index that showed inflation to be well under control. But sellers outweighed buyers, sending yields, which move in the... - 7/13/2005 - Mortgage Headlines
Mortgage Rates Poised to Move Up
Anxiety over upcoming economic reports on inflation and consumer spending had bond traders adopting a 'wait-and-see' attitude on Wednesday, but the bias was negative. U.S. Treasury securities were victims of light selling in the wake of a shrinking trade... - 7/12/2005 - Mortgage Headlines
Mortgage Rates Remain Steady
U.S. Treasury securities were beaten down again on Tuesday at the hands of skittish bond traders. Upbeat economic and corporate news, the inability to rally in the face of bond-friendly reports such as tepid employment data and the bombings in London, an... - 7/11/2005 - Mortgage Headlines
Mortgage Rates Hold as Treasury Yields Ebb
U.S. Treasury securities sold off early on Monday due to disappointment over Friday's June Employment Report, which wasn't weak enough to halt the Fed. Bonds also reacted negatively to a speech by Richmond Fed president Jeffrey Lacker, who stated that i... - 7/8/2005 - Mortgage Headlines
Mortgage Rates Continue Their Upward Trek
A weaker-than-expected employment report wasn't weak enough to spur buying in U.S. Treasury securities. And a drop in the unemployment rate to a four-year low eventually led to selling. In addition, Wall Street rallied on the employment data, recent upbe... - 7/7/2005 - Mortgage Headlines
Mortgage Rates Remain Steadfast
The terrorist bombings in London on Thursday morning created a surge of safe-haven buying as investors sought risk-free U.S. Treasury securities. Prices of Treasuries soared, sending yields, which move in the opposite direction of prices, plummeting. Sto... - 7/6/2005 - Mortgage Headlines
Mortgage Rates Close to Unchanged
The price of oil soared above $61 a barrel on Wednesday, putting pressure on stocks but rallying U.S. Treasury securities. Traders believe that escalating oil prices could slow economic growth, which might in turn slow the Fed's rate-hike program. The po...