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Category | Mortgage News

Mortgage Outlook: Week of August 8, 2011

Last week marked new yearly 2011 lows for mortgage rates as a debt ceiling agreement was reached early in the week. These low rates were sustained through out the week with a small uptick on Friday when the Non-Farm payrolls came in stronger than expected. Fast forward to today and the markets are being rocked […]

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Mortgage Rates Set New Lows for 2011

Mortgage rates set new lows for 2011 yesterday, fresh off a week that saw more negative economic data released and the biggest Dow plunge since 2008, with a total loss of 512.76 points. The loss was fueled by ongoing concerns in the markets about US debt, ongoing weak economic data, the possibility of a second […]

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Mortgage Outlook for Week of August 1, 2011

Mortgage rates were suppressed last week by jittery markets focused on the ongoing debt ceiling debate. While there is a talk of a debt ceiling resolution this morning, there are still concerns about the details of implementing such a solution and whether or not the damage has already been done to world confidence in the […]

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Poor GDP and Consumer Sentiment Data Translates Into Low Mortgage Rates

U.S. Treasuries prices rose this morning (good for lower mortgage rates) as news the U.S. economy grew at an even slower pace in the first half of the year than was previously estimated, raised yet more fears the economy was at a real risk for recession. Gross domestic product, a measure of all goods and […]

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Mortgage Outlook for Week of July 25, 2011

Mortgage rates worsened this morning, led in part by “positive” data from the the National Association of Home Builders/Wells Fargo sentiment index. The index climbed to 15 this month from 13 in June, which was higher than forecast. While the index is still at very low levels, positive surprises such as this one carry more […]

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Lawmakers Introduce Bill to Extend Higher Conforming Loan Limits

As part of the economic stimulus package in 2008, temporary loan limits were enacted 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 July 18, 2011

Mortgage rates continued lower last week fueled by concerns regarding employment and statements made in the June Federal Open Market Committee (FOMC) minutes regarding market weakness. The consensus among the majority of the recently released market data and the FOMC minutes is that the overall recovery is still a work in progress and the levels […]

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Federal Reserve Minutes Indicate Higher Mortgage Rates Coming

The Federal Reserve released notes from the June 21-22 Federal Open Market Committee (FOMC) meeting on Tuesday, shedding light on the FOMC’s current observations of the market and how it will be adjusting its activities moving forward. This release of minutes is one of eight releases the Fed meets, following each of the eight Fed […]

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Mortgage Rates Move Lower on Weak Jobs Data

The Bureau of Labor Statistics released unexptected  employment data this morning in the form of the “Jobs Report” resulting in a decrease in mortgage rates. Mortgage rates are senstiive to the jobs report because jobs are what provide the income that is spent to power the economy. The data released showed that Nonfarm payroll employment […]

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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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