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Category | Mortgage News

Consumer Confidence and Case-Shiller Index Update

Consumer Confidence Numbers Released The Conference Board Consumer Confidence Index, remained essentially unchanged in September after declining sharply in August. The index data came in at 45.4 which is up slightly from 45.2 in August. In other words, the index is showing that consumer confidence is unchanged, which sounds about right. Case-Shiller Home Price Index The […]

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Federal Open Market Committee Update

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 7-3 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%. This Fed press release sheds some light on the FOMC’s current observations of the market […]

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Mortgage Update for the Week of September 19, 2011

This weeks starts with mortgage rates near the all time lows reached a couple of weeks ago after a slight tick upwards last week. Markets were watching the European debt crisis last week and that concern is the focus today for many traders as the markets are watching to see if Greece can avoid default. […]

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Mortgage Mistakes Responsible for Foreclosure

With foreclosures occurring in record numbers across America over the past few years, many borrowers wonder what they can do to avoid ending up in a similar situation. The recent housing crisis can be in part attributed to lender mistakes and in part due to the mistakes of borrowers, these include the following: Foreclosure Mistakes […]

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Mortgage Outlook for the Week of September 12, 2011

Mortgage rates continued to improve last week marking yet another round of record breaking low mortgage rates. Last week also marked a continuation of previous themes in the market in regards to concern over the US Economy and the Weakness of European Markets, with Greece being the focus of concern, once again. This week features […]

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Obama Outlines New Intent to Help Homeowners Refinance

In his White House Speech last night before a joint session of Congress, President Obama revealed his intent to help American homeowners refinance their mortgages to take advantage of the historically low rates we are currently seeing. While President Obama did not touch on specifics, White House officials have said the U.S. Treasury was having […]

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Bernanke Speaks: How Does This Affect Mortgage Rates?

The past weeks have seen mortgage rates break previous lows and set new record lows. These rates have been driven down by a slew of negative economic data that has has disappointed expectations. Additionally, the lack of leadership in Congress led to an embarrassing show over the debt ceiling, which played a role in S&P […]

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Mortgage Outlook for the Week of August 22, 2011

Last week set all time record lows for mortgage rates in the United States. Factors in rates moving lower and lower over the past few weeks have been disappointing economic data and uncertainty about the health of European markets and banks. Since investors move money from equities into bonds in times of uncertainty, the end […]

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Turbulent & Volatile Markets = Record Low Mortgage Rates

Turbulent. Volatile. New Record Low Mortgage Rates. These all describe the market last week. Last week saw mortgage rates set new lows for 2011 and break the previous all time low set in October of 2010. Last Week Was Marked By: Increased concern over the stability of European markets The S&P downgrade of the United […]

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Mortgage Rate Volatility and New Record Lows

Global unrest became the latest player to affect mortgage rates this week in what was already expected to be an especially volatile week given the S&P credit down grade of the United States a week ago. Riots in London and increased concern about the health of European markets brought yet another layer of doubt into […]

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