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Mortgage Wrap Up for Week Ending June 8, 2012

The first few days of the week saw mortgage rate rising slightly on rumors of pending stimulus actions by US and European governments. The course has reversed over the past few days as mortgage rates have moved back to their best levels of the week. In fact, Freddie Mac announced yesterday that yet again, mortgage […]

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Mortgage Rates Moving Up: June 6, 2012

Over the course of Monday and Tuesday, we’ve seen mortgage rates move up. This morning is seeing more of the same as mortgage rates are starting off with a slow move up based on speculation on possible stimulus for the US and Euro markets. Little US Data Shifts Focus to Europe While US market watchers […]

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Mortgage Outlook for the Week of June 4, 2012

Last week saw mortgage rates hit new all time historic lows yet again. Since this has occurred a lot over the past few months, this isn’t anything new, but last week was different because 10 year treasury bonds also made new all time historic lows beating a previous record set in 1946. Mortgage rates were […]

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NEW All Time Historic Mortgage Rate Lows

This morning’s big piece of economic data, the Employment Report for May, was a huge disappointment to market watchers and has caused stocks to sell off and investors to move money into bonds. The net result is that this has caused mortgage rates to plunge to new all time historic lows. Employment Data Rocks Mortgage […]

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Mortgage Outlook for May 30 to June 1, 2012

Mortgage rates started the week relatively unchanged yesterday but have opened up to day sharply lower due to more European economic drama as uncertainty continues for struggling Euro countries, specifically Greece, Italy and Spain. Specifically, there has been reaction regarding the European Commission vote in favor of issuing Eurobonds to support Euro countries, a move that […]

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Happy Memorial Day Weekend!

From Our Family to Yours: Happy Memorial Day Memorial Day is a federal holiday observed annually in the United States on the last Monday of May. Formerly known as Decoration Day, it originated after the American Civil War to commemorate the fallen Union soldiers of the Civil War. (Southern ladies organizations and southern schoolchildren had decorated Confederate graves in Richmond and […]

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Mortgage Rates Hit New All Time Lows Yet Again

Things were slow today with mortgage rates going into the holiday, with rates moving moderately lower, regaining yesterday’s losses. Every day this week has seen a reversal of the day prior for mortgage rates, giving back or making up for the prior day’s gains or losses. Today did see consumer confidence data come out at […]

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Mortgage Rate Outlook for the Week of May 21, 2012

Once again, we’re starting the week coming off a record breaking week. While the downward movement is sometimes very small, the market continues to set new all time lows all the same. Last week saw the the possibility of a Greek exit from the Euro dominate headlines. This week will be no different with market […]

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Mortgage Rate Wrap Up for the Week of May 18, 2012

Today saw mortgage rates improve today, albeit in a marginal way. This has been a busy week with European / Greek drama, a Facebook IPO, new historic record low mortgage rates and a release of the FOMC (Federal Open Market Committee) minutes from their last meeting. Europe Dominates Headlines Again We started the week with […]

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Mortgage Rate Outlook for May 16, 2012

Yesterday saw mortgage rates take a breather from their downward path, despite breaking all time historic lows last week and mounting downward pressure in the form of European debt issues. The political and economic turmoil in Europe that market watchers have been observing for months has begun to frenzy as Greece looks to possibly stop […]

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