January 28th, 2009 7:00 am cst
Durable goods were less than expected this morning...but Ford is
due for another good quarter. The dollar is rising against the Euro
and Interest rates are modestly higher, due mainly to uncertainty
over the direction of the economy.
December 22cd, 2009 8:30 am cst
GDP in the third quarter was 2.2%...up...but not as high as expected.
And the steepening yeild curve is sending fixed rates higher this morning!
December 4th, 2009 7:30 am CST
The unemployment rate took a sudden drop this morning...sending
stock futures and interest rates higher.
November 9th, 2009 9:00 am CST
President Obama signed the extension of the 1st time buyer $8,000 tax Credit...and Congress added a $6,5000 Tax Credit for buyers who have lived in their present home for 3 of the last 5 years and buy a new home before April of 2010.
October 29th, 2009 7:00 am CST
GDP up 3.5% during the third quarter. Cash 4 Clunkers, Tax Credits for 1st Time buyers, etc: They all seem to be working! But beware. Today is the last day that the fed will be buying bonds. Look out for higher interest rates!!
October 14th, 2009 7:00 am CST
This should be a whopper of a day on the market...with the Dow pushing 10,000
J.P.Morgan-Chase had higher than expected earnings, along with Intel...and Ford
is selling more cars in China....But interest rates are also trending higher...but
still in the fours......
October, 9th, 2009 7:00 am CST
Obama wins the Nobel Peace Prize....Only the third sitting President to do so!
October, 8th, 2009 7:00 am CST
Continuing jobless claims were better this morning. But the dollar continues to fall!
October 2cd, 2009 2:30 pm CST
The stock market shook off bad employment numbers this morning...sending
rates lower....then higher this afternoon. But Interest rate are still at a nine month
low. All fixed rates are in the Fours without points!
September 8th, 2009 10:00 pm CST
Congress is back from summer vacation. Rates are stable and the stock market is improving. Next up: Heath Care!
July 28th, 2009 4:30 pm CST
Housing appears to have stabalized. We might be at the bottom. Banks stocks
are doing better...and interest rates are hovering in the low 5s.
July, 23rd, 2009 8:30 pm CST
The President's health care bill appears to be dead in the Senate, just 12 hours
after his Wednesday evening press conference. The Senate Democrat's rebuke
sent the stock market up 188 points. Rates moved slightly higher in mid-afternoon
trading.
July 15th, 2009 3:00 PM CST
Another big day on Wall Street! Stocks are up and Bonds are down...which means
interest rates are up again. The Bond Market is now above 3.6%
July 14th, 2009 3:30 PM CST
Earning season is in full swing. Johnson & Johnson and Goldman Sachs both had good quarters. The Market has moved higher and the bond market is still below 3.5%, keeping 30 year fixed rates hovering around 5%
June 18th, 2009 7:30 PM CST
Interest rate are climbing again. The bond market has sold off 30 basis points
in three days, reflecting the FEDs desire to stop redemptions caused by the flood
of refinances since mid December. The FED is rufusing to purchase any more
mortgage backed securities. Why? Who knows! It sure isn't helping the housing
market.
June 10th, 2009 7:30 AM. CST
The Russian Central Bank has decided to stop buying U.S. Treasuries, thus
sending the bond market lower this morning. The yeild (interest rates) are
now the highest since Nov. 4th of last year. The refinance market has effectively
died, and has put the housing recovery on the back burner.
June 5th, 2009 10:00 AM. CST
The country lost less jobs than expexcted in May. The economy seems to be
correcting...and fear seems to be subsiding: all of which has sent the bond market
lower and yeilds and interest rates higher.
June 3,2009 1:00 pm CST
Rates have moderated somewhat today. Bernanke spoke before Congress this morning, answering questions regarding the potential for inflation.
June 2,2009 Noon CST
The dollar has taken a major hit against other leading currencies over the past five
trading sessions, sending the bond market lower and interest rates higher. The spread between the two year and the ten year bond is the highest in months. Mortgage rates, which are tied to the ten year bond, have moved up accordingly.
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