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Fourth of July Week Mortgage Outlook 2012

Last week saw mortgage rates mixed, ending the week lower overall. Last week also marked the end of a two day European Summit that ran from Thursday and Friday, which was a potential mortgage rate mover, but had little effect on US markets. Mortgage rates rose prior to the meeting, but as the meeting progressed […]

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Where Are Mortgage Rates Going on June 27, 2012?

Yesterday saw mortgage rates hold steady near all time historical lows despite potential volatility due to the events going on in the Eurozone. The market can and will move on news coming out of Europe, but is moving less on general speculation. There is a high chance of more sideways movement until later in the […]

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Mortgage Rate Outlook: Week of June 25, 2012

When the FOMC (Federal Open Market Committee) convened their fifth of eight annual meetings last Wednesday, they voted to leave the Fed Funds Rate (the rate at which banks lend money to each other overnight) unchanged at  0.000-0.250 percent. Following the meeting, mortgage rates rose only to come retrace on Thursday and Friday, once again settling […]

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Post FOMC Meeting Mortgage Rate Update

When the FOMC (Federal Open Market Committee) convened their fifth of eight annual meetings on Wednesday, they voted to leave the Fed Funds Rate unchanged at  0.000-0.250 percent. The Fed Funds Rate is the rate at which banks lend money to each other overnight. The FOMC also noted that they saw moderate expansion in the economy this […]

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FHA Loans Now Have Tighter Collections Guidelines

The Federal Housing Administration (FHA) insures loans enabling lenders to offer finance to those wishing to purchase homes that would not otherwise be able to afford them. However, the FHA has been tightening its lending criteria lately, and the latest policy introduced on April 1st is that applications from potential borrowers with an account of […]

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Day of the FED: Mortgage Rate Outlook

Today will mark the end of the two day FOMC (Federal Open Market Committee) or FED meeting that began on Monday and is the fourth or eight annual meetings. Once the meeting has finished, the FOMC will release a press release with its commentary on recent economic data, world events that might affect US markets […]

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Mortgage Rate Outlook for the Week of June 18, 2012

Last week saw mortgage rates improve considerably towards the end of last week, setting and then ending near all time lows, a story we’ve reported over and over again in the past weeks and months. Going into the weekend, the big event of the weekend was the Greek vote that took place on Sunday. Since […]

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Where are Mortgage Rates Now? June 15, 2012 Edition

Today saw mortgage rates move noticeably lower than yesterday and close near all time lows. This comes after a slight rise in rates yesterday that was triggered by continued talk of possible international steps that might be taken in order to stimulate international economies. Generally speaking, good news like this will put upward pressure on […]

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Mortgage Rate Update for June 13, 2012

Yesterday saw mortgage rates uptick slightly and move sideways or marginally higher today. This is little economic data coming out this week with the ability to move mortgage rates, so volatility is to be expected as we mentioned on Monday. Mortgage rates have the ability to move on any new European news coming out, which […]

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Mortgage Rate Update for Week of June 11, 2012

Last week saw mortgage rates rise earlier in the week and then close the week on new historic lows. Today has seen mortgage rates close steady, with a fractional change higher or lower depending on who you talk to. This week could be marked by volatile movement as well as there is little economic data […]

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