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Tag Archive | "mortgage rates"

Mortgage Wrap Up for the Week Ending July 27, 2012

We began the week with mortgage rates at hear historic lows, continuing the trend we’ve seen for months where rates always seem to be at historic lows or making new historic lows. The middle of the week saw mortgage rates mixed with mortgage rates moving upward later in the week into today. To get an […]

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Should I Lock My Mortgage Rate Now?

A very common question for any consumer that might be considering refinancing an existing home loan or purchasing a new home is “Should I lock my mortgage rate?”. This is a very important question and the answer can seemingly change from day to day, depending on what is going on in the markets. Your specific […]

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Mortgage Wrap Up for July 20, 2012

A nearly week long mortgage rate move downward ended yesterday when mortgage rates made a slight move upward. Today mortgage rates are near moving sideways all time historic lows. Expect things to be fairly quiet today since there is no domestic Economic data coming out. For this reason as well, market watchers are more focused […]

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Mortgage Rates Hit New Lows, Yet Again!

The first half of this week has seen mortgage rates hit new all time historical lows, yet again. The last few months have seen deteriorating conditions in the US Economic and European Outlooks create unprecedented downward on mortgage rates, resulting in this historic move downward. Where Are Mortgage Rates Now? Mortgage rates can change many […]

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Ben Bernanke Gives Semiannual Monetary Policy Report to the Congress

This morning Ben Bernanke testified before Congress delivering his Semiannual Monetary Policy Report. The report concludes that unemployment is still high and the reduction of the unemployment rate is taking longer than desirable. The report also reaffirms previous FED statements that the FED will keep rates exceptionally low at least through 2014. Semiannual Monetary Policy […]

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Mortgage Rate Wrap Up for the Week of July 13, 2012

Mortgage rates have moved up slightly today, ending an unprecedented move downward that saw mortgage rates move down every day since last Friday. The market will be watching US Economic data and any news coming out of Europe for any clues as to where mortgage rates go from here. We’ve consistently made new all time […]

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Mortgage Outlook for July 9, 2012

Mortgage rates improved last week on economic data originating from the US, a bit of a change considering how Eurozone news has dominated as of late and played an important role in pushing mortgage rates downward. Friday saw the release of the Non-Farms Payrolls Report, which showed the unemployment rate stayed at 8.2% and creation […]

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Fourth of July Week Mortgage Outlook 2012

Last week saw mortgage rates mixed, ending the week lower overall. Last week also marked the end of a two day European Summit that ran from Thursday and Friday, which was a potential mortgage rate mover, but had little effect on US markets. Mortgage rates rose prior to the meeting, but as the meeting progressed […]

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Where Are Mortgage Rates Going on June 27, 2012?

Yesterday saw mortgage rates hold steady near all time historical lows despite potential volatility due to the events going on in the Eurozone. The market can and will move on news coming out of Europe, but is moving less on general speculation. There is a high chance of more sideways movement until later in the […]

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Mortgage Rate Outlook: Week of June 25, 2012

When the FOMC (Federal Open Market Committee) convened their fifth of eight annual meetings last Wednesday, they voted to leave the Fed Funds Rate (the rate at which banks lend money to each other overnight) unchanged at  0.000-0.250 percent. Following the meeting, mortgage rates rose only to come retrace on Thursday and Friday, once again settling […]

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Mortgage Rates