HomeLoans Blog

We have had a series of disappointing economic reports. This week housing sales and durable goods were worse than expected. Housing especially so.

Given these numbers, and more reports that are likely to be also troubling, rates remain historically low, but do not seem to be moving lower inline with continued economic slowdown.

My feeling is that investors are just reluctant to accept lower yields on mortgage bonds, regardless of the economic slowdown.

If we have continued bad news from unemployment and from the revised GDP estimates, then perhaps we will see continued rate improvement.