Don Grimes's (grimesd) Blog
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2008
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Wednesday's bond market opened in positive territory following weaker than expected economic news. The stock markets are currently showing gains with the Dow up 45points and the Nasdaq up 12 points. The bond market is currently up 5/32, which should improve this morning's mortgage rates by approx...
02/27/2008
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This week brings us the release of eight pieces of economic data for the bond market to digest. Two of them are considered to be low importance, but we do have data being posted every day of the week. This makes it likely that we will see plenty of movement in mortgage rates the next five days. J...
02/24/2008
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Tuesday's bond market has opened in negative territory following early stock gains. The stock markets are starting the week off fairly strong with the Dow up 86 points and the Nasdaq up 10 points. The bond market is currently down 14/32, which will likely push this morning's mortgage rates higher...
02/19/2008
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There are only three economic reports worth watching this week that are likely to affect mortgage rates. Two of them are scheduled for release the same day, meaning we may see a relatively calm week for mortgage rates. The financial markets are closed tomorrow in observance of the President's Day...
02/17/2008
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Thursday's bond market opened negative territory and has slipped further during morning trading. The stock markets are posting losses with the Dow down 117 points and the Nasdaq down 31 points. The bond market is currently down 11/32, which with yesterday's late weakness will likely push this mor...
02/14/2008
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There are only four pieces of economic data scheduled to be posted this week along with an after-hours congressional testimony by Fed Chairman Ben Bernanke. Two of the economic reports are considered to be important while the others are not. However, the testimony of Chairman Bernanke is extremel...
02/10/2008
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This week brings us little economic data of any importance. There actually are only two reports scheduled for release that would fall under the moderately important or important categories. This leaves the bond market to be influenced by outside factors such as stock market movements. The first o...
02/04/2008
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Friday's bond market has opened flat following the release of quite mixed economic news. The stock markets are posting very modest gains with the Dow up 22 points and the Nasdaq up 1 point. The bond market is currently up 3/32, which probably is not enough to improve this morning's mortgage rates...
02/01/2008
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