Let's Blog About It

June 8th, 2009 9:58 PM

Well today I received about 4 rate increases.  I expect to see more of the same tomorrow. 

April's Goods & Services Trade Balance Report will come out 8:30am.  This report gives us the size of the U.S. trade deficit.  This isn't likely to cause much movement in rates, but Wednesday afternoon the Federal Reserve will release its Beige Book.  The Beige Book details economic conditions throughout the U.S. by region.  The Federal Reserve relys on this data heavily during FOMC meetings to determine monetary policy.  If this data shows a softer economy then we may see mortgage rates dip by 11:00am.  Conversely if the data shows signs of inflation growing that mortgage rates could rise even higher.

Posted by Deanne M. Powell on June 8th, 2009 9:58 PMPost a Comment (0)

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