Rate Update March 25, 2008

Posted on by Evan in Rate Update

Weak economic data as well as technical support has helped stabilize mortgage rates this morning following yesterday’s increase.

Among the weak economic news was the Conference Board’s Consumer Confidence index which showed that consumers are less confident that previously thought. Furthermore, the S & P Cash-Shiller Home Price Index report showed price declines in all the 20 metropolitan markets that it follows including Portland & Seattle.

Watch today’s you tube video to better understand what technical trading patterns are in play……..


Current Outlook: neutral with a bias towards locking

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