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Category | Mortgage News

HARP 2.0 (Home Affordable Refinance Program) Update

Fannie Mae and Freddie Mac and have released new information about updates to the HARP 2.0 (Home Affordable Refinance Program). This is an update to the original HARP program that was introduced in 2009 and intended to help homeowners with Fannie Mae or Freddie Mac mortgages refinance their loans to the current low market rates even if […]

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Mortgage Outlook for Week of November 14, 2011

We start the week with two of the major concerns that have weighed on the market in past weeks coming to a resolution with Greece and Italy both appointing new Prime Ministers. The market did not have confidence that the previous leadership of these countries would be helpful or even willing to participate in the […]

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Mortgage Outlook for the Week Ending November 11, 2011

This week saw mortgage rates revisit near record all time lows as the market dealt with concerns of a European debt default. This time it was Italy in the crosshairs as Italian Prime Minister Berlusconi agreed to resign. The market is likely to look favorably to a resolution in the Italian drama, but some analysts still have […]

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Mortgage Outlook for Week of November 7, 2011

Mortgage rates were helped out last week by renewed concern over the European debt default crisis and Greece’s possible referendum vote. Without this concern in the eyes or the market, it is very likely that rates would have increased given somewhat positive comments that came out of the FED meeting last week. This week has […]

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Friday Update: Mortgage Rates & Volatility

Mortgage rates showed improvement earlier in the week and then lost some ground yesterday when the Greek Prime Minister George Papandreou announced that he was calling off a scheduled referendum on a proposed Greek bailout. The markets are happy to hear that such a referendum cannot prevent the proposed bailout from occurring, which negatively affected rates. […]

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The November 2, 2011 Federal Reserve Statement Explained

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 9-1 vote to leave the Fed Funds Rate (the rate at which lending institutions lend to each other) unchanged within its current target range of 0.00%-0.25%. Some Key Points From the FOMC Press Release: “Economic growth strengthened somewhat in the third quarter, […]

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Mortgage Outlook for the Week of October 31, 2011

Although there was volatility in the market last week, when all was said and done, mortgage rates remained flat for the week. Last week it looked as though a deal was in place to prevent the much feared debt default in the Eurozone. This week there appears to be doubt about the proposed “solution”, which […]

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Weekly Mortgage Wrap Up For October 28, 2011

Yesterday, mortgage rates rose on news of a solution to the debt issues affecting the Eurozone. Also affected were the Stock and Bond Markets with the Dow surging 339 points. Today, data was released for September’s Personal Income and Outlays report, Employment Cost Index (ECI) and University of Michigan’s Index of Consumer Sentiment for October. The Personal […]

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Mortgage Market Update for October 26, 2011

Greece, Greece, Greece The market is closely watching and waiting for a resolution to the Greek debt default drama playing out in Europe. This headache for the markets, in addition to the continued fears about the United States’ economic health, have played key roles in pushing US mortgages rates to historic record lows over the […]

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Mortgage Outlook For Week of October 24, 2011

Last week was fairly stable as mortgage rates leveled off a bit after weeks of slowly moving off of all time record lows. This week will see the market watching the data data that is being released for the Consumer Confidence Index, Case Shiller Index, New Home Sales and Pending Home Sales Index. Positive news […]

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