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Category | Mortgage News

Home Values Show Increase, Signs of Recovery?

This week was marked by several indexes showing similar gains in housing prices, a change that every home owner has been waiting for and a sign that the summer housing market is moving in a positive direction. The Case-Schiller index, which is a measure of of home-value is calculated from repeat sales of single-family homes […]

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Mortgage Outlook for the Week of June 27, 2011

We start the week off in a positive direction for mortgage rates stemming from multiple positive economic events last week. The first event was good news regarding Greece’s debt issues as the country looks to pass an act that will lay out a plan for remaining solvent and keep other European nations and the IMF […]

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High Cost Area Loan Limits Set to Expire September 30, 2011

Temporary loan limits were enacted as part of the economic stimulus package in 2008 to help homeowners in high-cost areas that were unable to get loans for more than $417,000 under the standard conforming loan limits regardless of their payment history, credit and income. Homeowners in areas such San Francisco, New York and Los Angeles […]

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Mortgage Rate Outlook for Week of June 13, 2011

This week there will be key economic data coming out that will shed light on the state of inflation, housing, manufacturing, retail sales and consumer sentiment. While mortgage rates have maintained their lows in the past few weeks due to consistently poor performance by leading economic indicators (this is good for mortgage rates), it is […]

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Weekly Mortgage Outlook for June 6, 2011

There are very few notable economic events taking place this week on the Economic Calendar that might affect rates this week. Fortunately, it looks like rates will continue to sustain their current levels based on the disappointing economic data that was released last week. This provides yet another great window for being able to take […]

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Weak Economic Data = Great Mortgage Rates

We end this holiday week with great news for mortgage rates and bad news for the economy as a whole as several key pieces of economic data disappointed. This morning, the Employment report showed that US employers hired significantly fewer employees than expected and the jobless rate increased to 9.1%. Earlier in the week, U.S. […]

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Must Read: Mortgage Rate Update and Housing Data News

Employment Situation Report Set to Move Mortgage Rates On Friday morning, the Employment Situation Report or Jobs Report will be released. While not the only economic report coming out this week (see Economic Calendar below), it presents the highest risk to mortgage rates and may set a tone moving forward as to which way mortgage […]

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Mortgage News Wrap-Up: Memorial Day Weekend 2011

As was expected, trading volume in the bond markets was minimal today as traders leave early for the Holiday weekend and the bond markets closed early at 2:00 PM EST. This week was marked by interesting new regarding FHA loan requirements, low trading volume, interesting Foreclosure data from the first quarter and a new HAMP […]

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Mortgage Rate Outlook for Week of 5/23/2011

While rates have come down in the past month, mortgage rates this week may affected by multiple bond auctions that are taking place, any of which can sway the market dependent on their volume.  For this reason, the market will be moving forward with less certainty, which makes this week a great week to lock […]

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