Wisconsin Mortgage update
Posted 11-29-2008 at 10:59 AM by DFrenzel
Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained volatile as trading was thin amid the shortened holiday trading sessions. Mortgage bonds rallied nicely following the announcement that the Treasury and the Federal Reserve will spend $800 billion to help the ailing credit markets (details in article below).
For the week, interest rates on government and conventional loans fell by about 1.625 discount points.
The employment report Friday will be the most important data this week. Look for any additional moves by the Fed, the US Treasury, and legislative developments to also result in mortgage interest rate movements.
For the week, interest rates on government and conventional loans fell by about 1.625 discount points.
The employment report Friday will be the most important data this week. Look for any additional moves by the Fed, the US Treasury, and legislative developments to also result in mortgage interest rate movements.
Total Comments 0
