The “recession is very likely over,” announced Fed Chair Ben Bernanke last week.  While this may be technically true, markets did not react with the usual leap upward in interest rates.  Instead, mortgage rates continued their very slow downward decent.  While we may finally be in a period of economic growth, we may be far [...]

Mortgage rates held mostly steady last week with little influential economic news or data released.  The Federal Reserve’s Beige Book reiterated the prevailing sentiment that economic activity is beginning to firm during the last two months of the summer.
This week has some significant data points due, including both the Producer and Consumer Price Indices, along [...]

Mortgage rates slipped slightly last week, even as more signs of economic recovery appeared.  The highly-regarded ISM Manufacturing Index moved upward to 52.9, on expectations that it would only reach 50.2.  Any reading that is above 50 indicates that manufacturing is expanding in the US.  Its sister index, the ISM Non-Manufacturing, or Services Index, also [...]