User Guide | Market Report Archive | Economic Calendar

DATE: Tuesday 04/22/2008 at 10:41 AM (Eastern)
   
Market Direction Interest Rate Trends
Rates are Flat    Long Term (4-6 weeks) Flat
Rate Volatility Low    Short Term (1-2 weeks) Flat
Market Commentary

DATE: Tuesday 04/22/2008 at 10:41 AM (Eastern)

Credit Markets Struggle. Credit markets were weak in early trading as the stock market traded lower. Later, Existing Homes Sales reported at 4.93 million units, slightly better than expectations of 4.92 million units. The good news prompted the stock market and rates to improve. Credit markets may be headed toward better levels-- a positive short-term sign.

 
U.S. Treasury Rates Mortgage Point Change
Security Change Yield Security Change
30 YR Bond -0.005 4.471% 30 Year Fixed 0.00
10 YR Note +0.006 3.718% 15 Year Fixed 0.00
National Average Mortgage Rates Key Interest Rates
Week Ending 04/17/2008  
Mortgage Rate Points
30 Year Fixed 5.88% .40
15 Year Fixed 5.40% .50
1 Year Adjustable 5.10% .60
1 Year TBill 1.77%
11th District COFI 3.56%
Prime Rate 5.25%
Discount Rate 2.50%
Fed Funds Rate 2.32%
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