Monday Market Commentary

by Alex Stenback on September 25, 2006

921_rates
                                                        Graphic Courtesy MSNBC
Last Week
Rates on most products moved down a touch (.125% -.25%) after a smattering of less than stellar economic reports.  This marks a six month low, by the way.  The idea that the economy may not be on all that firm a footing has now gained traction, and as we know, what’s bad for the economy, is good for rates.
This Week
Rather full lineup on the calendar this week.  Existing home sales and consumer confidence will get a lot of play in the media, but seldom drive rates.  Look to Thursday’s GDP figures as a potential focal point for rate movement this week.
ยท This Week’s Economic Calendar [barrons]

{ 1 comment… read it below or add one }

Teresa Boardman September 26, 2006 at 9:13 am

There is a lot of news about the housing market out there today. The market is slow. If I were a buyer I would be all over this! See my market stats for St. Paul, posted today. Not many people have heard of St. paul so I have to advertise on your most excellent blog. :)

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