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Category | Mortgage News

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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