Thursday, March 23, 2006

HSH Associates' Weekly Market Trends

HSH Associates' Weekly Market Trends - March 17, 2006: "Mortgage rates were blown backward by cooler gentler breezes this week, but those winds are uncertain things. The ten-year Treasury yield, a fair proxy for fixed rate mortgages, rose almost to 4.8% this week at one point but settled back to the mid-4.6% range. Mortgage rates settled, too, but have little room to fall significantly with a 4.5% (soon to be 4.75%) Fed Funds rate. A lighter economic calendar awaits us next week. Among the notables coming due are the Producer Price Index, New and Existing Home Sales, orders for Durable Goods and the index of Leading Economic Indicators."

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