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Tag Archive | "mortgage rates"

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 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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Mortgage Update for October 20th, 2011

The Federal Reserve issues the Beige Book, which is a snapshot or summary of business conditions in each of the Fed’s 12 regional bank districts, eight times a year. Since each district may contain different types of economic activity in various industries, each district lends its own unique feedback to the Beige Book. The Fed […]

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Mortgage Outlook for the Week of October 17, 2011

We’ve seen mortgage rates trend upward over the past two weeks coming off of all time historical lows. This has been fueled by a more clear and positive outlook for preventing Greece from defaulting and an increase in investor funds back into equities. This turn away from bonds is responsible for pushing most indices such […]

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Mortgage Outlook for the Week of October 10th, 2011

While the bond / stock markets are closed today in observance of Columbus Day today (re-opening tomorrow), this week will bring three economic reports that are of interest to the mortgage market along with the minutes from the last FOMC meeting and two important Treasury auctions. New Data Released This Week On 2:00 PM ET […]

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Record Low Mortgage Rates Moving Up For Good?

Mortgage rates have continued to slowly trend upwards this week from the record lows of last week. This means that there is still a great opportunity to lock in these near record low rates before they make their final move up. If you lock in your rate, that is. That is a big if, because […]

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Qualifying for a Better Mortgage Interest Rate

You may not know it, but the interest rate you’ll pay for your home loan depends on a number of different factors. Changing any one of these factors can help not only make you a better candidate for a loan, but also ease the financial burden that comes from a major purchase like buying a […]

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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 Rates