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Credit News by Lou Barnes – August 23, 2013 23 Aug 2013 | 10:51 pm
As we approach the end of the traditional, news-starved Silly Season, there are important things going on. And some other things. Release of the Fed’s July 31 meeting minutes on Wednesday collapsed t...
Rates Up Slightly on Mixed Economic Data 23 Aug 2013 | 09:44 pm
Mortgage interest rates increased slightly this past week as economic data was mixed. Economic data stronger than expected included August Existing Home Sales, the FHFA Home Price Index, and July Lead...
Rates Up as Fed Expected to Begin Tapering in September 17 Aug 2013 | 02:35 am
Mortgage interest rates increased this past week as markets expect the Fed to begin tapering Treasury and MBS purchases in September. Economic data, though, was mixed. Economic data stronger than ex...
Credit News by Lou Barnes – August 16, 2013 17 Aug 2013 | 01:01 am
Long Treasurys broke upward, out of the trading range of the last eight weeks. Not by much, but out, the 10-year T-note above 2.80% for the first time in more than two years, 2.86% at this moment. Mor...
Rates Flat on Limited Economic Data 9 Aug 2013 | 11:22 pm
Mortgage interest rates were mostly flat week over week as there was not much new economic data for markets to digest. Economic data of note included the July ISM Services Sector Index, the June Inter...
Credit News by Lou Barnes – August 9, 2013 9 Aug 2013 | 11:04 pm
Long-term rates have been unchanged for a month and a half, the 10-year T-note 2.50%-2.70%, mortgages near 4.50%. That stability is an illusion. Trading desks now labor in deafening toe-tapping, penc...
Credit News by Lou Barnes – August 2, 2013 2 Aug 2013 | 10:48 pm
The net result of a Fed meeting and a blizzard of brand-new data for July: long-term rates are unchanged. But some other things are creaking along. The Fed’s post-meeting minutes downshifted from “mo...
Rates Increase Slightly as Economic Data is Mixed 2 Aug 2013 | 08:31 pm
Mortgage interest rates increased slightly again this past week as economic data continued to be mixed. Economic data stronger than expected included June Pending Home Sales, the July ADP Private Job...
Rates Stable on Mixed Economic Data 26 Jul 2013 | 11:06 pm
Mortgage interest rates stayed flat the past week as economic data continued to be mixed. Economic data stronger than expected included June New Home Sales, June Durable Goods Orders, and the July Un...
Credit News by Lou Barnes – July 26, 2013 26 Jul 2013 | 10:59 pm
Fun week! New data were soft, but not enough by miles to break Fed-fear and so interest rates stayed put. The entertainment lay in the politics of US economic and financial governance, making progress...
