Mortgage Report: Week of March 13th - 17th

Posted on March 12, 2006 at 2.30 PM

Bond prices fell last Monday and caused home loan rates to rise about .125%. Because the European Central Bank decided to raise their interest rates, the concern is that foreign investors will now start moving their money out of the US market. For this coming week, inflation watchers will be on the edge of their seats waiting to see if consumer prices are indeed on the rise. If the news of the week looks economically "hot", with inflation on the rise, look for bond pricing to suffer and home loan rates to rise another .125%.

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