This entry was posted on Tuesday, June 10th, 2008 at 3:18 pm and is filed under Mortgage Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Sacramento Mortgage Rates: Inflation Talk Spooks the Market
It’s all about inflation, at least lately. An occasional positive economic report casting doubts on the weakness of the economy underscored by Fed speak suggesting that inflation is public enemy number 1 has bond traders pulling out their hair. Rates have been steadily rising for the past week or two.
Bernanke spoke last night at a conference on inflation dynamics and downplayed economic concerns, rattling his saber instead at the prospect of food and energy-fueled inflation. His Dallas counterpart this morning echoed the concern, saying he would accept a weaker economy in exchange for a muzzled inflation.
Bond traders did not like the news. The Fannie Mae 5.5% coupon ended the day down over a point. Mortgage rates rose in response.
June 18th, 2008 at 6:12 pm
Jason- you went the way of Wordpress and gave up the Tomato? How’d you transfer the articles?
I chose to stop tomatoes as well…
FYI- I tried viewing your Pages, but there were errors and nothing came up….
June 18th, 2008 at 7:00 pm
Sondra,
Frankly, I don’t know what’s going on. My site got pinged and it messed up a bunch of posts. Today, it looks like this and has changed several times. I only know Jim says they’re working on it, but I’m not happy and I don’t know anything else.
Marc