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Category | Mortgage News

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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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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