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Tag Archive | "mortgage rates"

Mortgage Rates Move Down on Jobs Report Data

The Bureau of Labor Statistics released the Non-Farm Payrolls report (otherwise known as the “jobs report”) this morning. The numbers significantly disappointed the market, which is driving mortgage rates down. There is a possibility that mortgage rates could make up any ground they lost last week as they move downward. Non-Farm Payrolls Data Disappoints The jobs […]

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Mortgage Outlook for the Week of April 2, 2012

Last week is saw mortgage rates decrease a bit after a rise over the past few weeks. Last week also saw a handful good but not great economic reports come out. That data was a bit of a disappointment to the markets, which helped exert downward pressure on mortgage rates. Economic Data that May Move […]

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Mortgage Wrap for Week Ending March 30, 2012

This week is seeing mortgage rates decrease a bit after a rise over the past few weeks. The overall theme this week is that the economic data that was released was good, but not great, which was a bit of a disappointment to the markets. This means that the lackluster data helped exert downward pressure […]

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Mortgage Outlook for the Week of March 26, 2012

Mortgage rates moved more last week than has previously been seen in the last few months, ending the week slightly higher. This week has a few economic events as shown in the calendar below which have the potential to move mortgage rates. A handful of FOMC board members will be speaking thoughout the week. While […]

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Mortgage Outlook for the Week of March 19, 2012

Last week saw the beginning of an upward trend for mortgage rates that may very likely continue this week. The upward change is due in part to the positive US economic and housing data that has been coming out in the past few months and the Greek debt resolution that has come to fruition. Despite […]

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FOMC Meeting Update

The FOMC (Federal Open Market Committee) or FED concluded its one day meeting on Tuesday where it chose to leave the overnight funds rate (the rate at which banks lend money to each other) at a range of 0.00% to 0.25%, for the fourth straight month. Key Takeaways From the Fed About Current Conditions Labor […]

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Mortgage Outlook for the Week of March 12, 2012

Last week saw mortgage rates waiver, with most movement being sideways, which was a bit of a surprise. Many market watchers expected positive positive employment data and a resolution to the Greek Debt debacle to cause mortgage rates to rise significantly, which did not occur. Last week saw the Labor Department release the monthly Employment […]

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Weekly Mortgage Wrap Up for March 9, 2012

The big news that the market has been waiting for all week was the final outcome of last nights Greek debt settlement talks and the employment numbers that were released earlier today. Greek Debt Resolution Agreed Upon Last night, the Greek debt deal was completed with somewhere around 85% of investors agreeing to a swap. […]

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FHA Raising MIP (Mortgage Insurance Premiums)

For the second time in the last two years, the Federal Housing Administration (FHA), a U.S. financing agency, has announced that it will raise the premiums that it charges borrowers in April. Beginning on April 1, 2012, the FHA will raise by 0.75 percentage points to 1.75%, the upfront insurance premiums that borrowers must pay […]

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Mortgage Outlook for the Week of March 5, 2012

Last week saw more economic data showing modest economic growth in the US. Positive economic data last week consisted of GDP numbers showing a 3% annual rate in the fourth quarter of 2011, a rise in consumer confidence and initial jobless claims falling. Further confirmation of a possible recovery in progress came from Fed Chairman Ben Bernanke, […]

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Mortgage Rates