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Mortgage Outlook for the Week Beginning August 13, 2012

The past two to three weeks have seen mortgage rates rise, with a slight stall and recovery where mortgage rates regained a little ground last Thursday and Friday. Mortgage rates have begun to climb as market watchers have seen things calm down a bit in the Eurozone and a handful of positive economic reports have […]

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Mortgage Rate Update for the Week ending August 10, 2012

Mortgage Rates Recover After Gains of Past Weeks After an upward move over the past two to three weeks, mortgage rates recovered a little ground today (a trend that started yesterday), ending in line with the levels we saw on Monday. Since there was no significant market data released today that may have been a […]

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Mortgage Rate Update for the Week Ending August 3, 2012

Employment Data Surprises Markets Today saw mortgage rates move higher after better than expected employment data was released by the Bureau of Labor Statistics. Their data shows that 163,000 jobs were added last month, the highest level of growth since February. Data was also released showing that the unemployment rate rose to 8.3 percent from 8.2 […]

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Mortgage Outlook for the Week of July 30, 2012

Last week saw mortgage rates maintain near historic lows through Wednesday. Thursday and Friday were quite a different story when mortgage rates moved upward and dramatically rose on Friday afternoon on renewed European vows to overcome their existing debt issues while preserving the European Union. Mortgage rates have been under considerable downward pressure for months […]

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Mortgage Wrap Up for the Week Ending July 27, 2012

We began the week with mortgage rates at hear historic lows, continuing the trend we’ve seen for months where rates always seem to be at historic lows or making new historic lows. The middle of the week saw mortgage rates mixed with mortgage rates moving upward later in the week into today. To get an […]

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Mortgage Wrap Up for July 20, 2012

A nearly week long mortgage rate move downward ended yesterday when mortgage rates made a slight move upward. Today mortgage rates are near moving sideways all time historic lows. Expect things to be fairly quiet today since there is no domestic Economic data coming out. For this reason as well, market watchers are more focused […]

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Ben Bernanke Gives Semiannual Monetary Policy Report to the Congress

This morning Ben Bernanke testified before Congress delivering his Semiannual Monetary Policy Report. The report concludes that unemployment is still high and the reduction of the unemployment rate is taking longer than desirable. The report also reaffirms previous FED statements that the FED will keep rates exceptionally low at least through 2014. Semiannual Monetary Policy […]

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Mortgage Rate Wrap Up for the Week of July 13, 2012

Mortgage rates have moved up slightly today, ending an unprecedented move downward that saw mortgage rates move down every day since last Friday. The market will be watching US Economic data and any news coming out of Europe for any clues as to where mortgage rates go from here. We’ve consistently made new all time […]

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Mortgage Outlook for July 9, 2012

Mortgage rates improved last week on economic data originating from the US, a bit of a change considering how Eurozone news has dominated as of late and played an important role in pushing mortgage rates downward. Friday saw the release of the Non-Farms Payrolls Report, which showed the unemployment rate stayed at 8.2% and creation […]

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Happy Fourth of July!

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