Today’s trading session will be shortened in advance of the holiday weekend.

Personal incomes dropped more than expected and personal spending was near expectations.  Consumers slowed their purchases in July with the stimulus checks no longer creating spending growth.

The Core PCE revealed higher than expected inflation figures which dragged bond prices down.

It will [...]

Mortgage bonds opened up a little lower today on a better than expected Durable Goods report.  Stocks like that number and, additionally, Atlanta Fed President Lockhart spoke and mentioned that inflationary pressures should ease in the next few months.

While bonds are down a bit, this second piece of news could reverse the market and [...]

Mortgage bonds are trading higher today, pushing mortgage rates slightly lower.

Stocks are taking a beating as financial sector companies like Fannie Mae, Freddie Mac and Lehman Brothers leave the market feeling uncertain.

We’re seeing a few items following form as predicted in our daily updates.  The impact of Oil, the Fed Reserve, and [...]

It’s been a crazy day today; however, that sort of follows what we saw yesterday.  Bonds skyrocketed yesterday, pushing rates lower and blowing through that 50 day moving average that kept rates steady for the past few weeks.

You know that part of a Chicago summer where an obnoxious front just settles over Chicago, it’s [...]

Mortgage bonds are trading flat on the day.

The Fed’s Fischer is a known inflation hawk, but he stated today that he sees inflation pressures spreading beyond food and energy. Wholesale inflation, the Producer Price Index (PPI), rose 1.2% in July.  This was double expectations and left the year-over-year figure at a whopping 9.8%.  That’s [...]