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Mortgage Outlook for the Week of May 14, 2012

Last week saw mortgage rates move again into all time record low territory, only to retrace higher slightly later in the week. Mortgage rates experienced downward pressure due to the news regarding the JP Morgan trading loss of over $2 billion dollars. This was good for mortgage rates because bad news tends to push investors […]

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Mortgage Recap for the Week Ending May 11, 2012

Mortgage rates improved moderately today, marking a week that has once again brought mortgage rates to new all time historic lows. News regarding the JP Morgan trading loss of $2 billion dollars has helped rates improve a bit today. Europe has also played a role throughout the week in pushing mortgage rates down as we […]

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Mortgage Outlook for the Week of May 7, 2012

Last week saw the Non-Farm Payrolls report, otherwise known at the Jobs Report, greatly disappoint with data showing that in April, 115,000 jobs were created as opposed to the 160,000 new jobs that were expected. Since jobs are a major engine in the economy that create economic growth, any data related to the health of employment in […]

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Mortgage Update for Friday, May 4, 2012

So far things have been fairly quiet and stable with mortgage rates this week in anticipation for today’s high risk event, The Jobs Report. Otherwise known as the Non-Farm Payrolls report, the Jobs Report is released on the first Friday of every month and provides analysts and market watchers with very important data about the health […]

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Mortgage Outlook for the Week of April 30, 2012

Last week saw mortgage rates mostly unchanged in a very tight range hovering right above all time historic lows. The FOMC met and left the FED funds rate at 0.00% – 0.25% and expressed some mixed concerns about health of the economy.  There was also some other economic data that came out, the most important […]

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Mortgage Summary For the Week Ending April 27, 2012

This week has been marked by historically low mortgage rates and one of the tightest trading ranges of the year. Mortgage rates changed very little throughout the week, ending the week very near to where they started. This means that if you have not already locked in your rate at the current historically low levels, […]

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The FED Speaks: FOMC Meeting Update

Today the Federal Open Market Committee or FOMC voted on the FED funds rate (the rate at which banks lend money to each other over night) and released it’s thoughts on the state of the economy moving forward. The FOMC voted to keep the target range for the federal funds rate at 0% to 1/4% with only Federal […]

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Mortgage Updates for the Week of April 23, 2012

Last week concluded with mortgage rates moving in an extremely tight trading range, with rates closing the week near all time historic lows. The economic data that was released did little to move the markets and things were fairly quiet on the Europe front. What’s Moving Mortgage Rates This Week? Economy We will see a […]

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Mortgage Wrap Up for April 20, 2012

This week concluded with mortgage rates moving in an extremely tight trading range, still near all time historic lows. There were a few pieces of economic data released this week, but nothing that caused any major movement for mortgage rates. Market watchers are still keeping an eye on Europe for any news about potential debt […]

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Mortgage Rate Update for April 18, 2012

Today, mortgage rates stabilized near the all time historic lows they reached last week. The stock market saw the biggest of the rally of the year yesterday, which moved mortgage rates up a bit. Profit taking in the stock market looks to have played a role in mortgage rates recovering some of the ground lost […]

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