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Mortgage Outlook for the Week of April 16, 2012

Last week saw mortgage rates finishing near all time historic lows. Mortgage rates moved down on worldwide fears about the debt issues in Europe becoming more serious than previously thought and economic data coming out of the US that indicated that the US economy may not be as healthy as previously thought. More global concerns […]

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Mortgage Rates Move Close To Historic Lows

Mortgage rates have finished the week near all time historic lows… amazing. Mortgage rates have been pushed down to their current levels over the past week by growing fears about the debt issues in Europe and economic data coming out of the US that indicates the economy may not be as healthy as previously thought. […]

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Mortgage Update for April 12, 2012

Market watchers continued eyeing Europe today as the debt woes in Spain appear to be worsening. More bad news or even the prospect of bad news being possible will help expert downward pressure on mortgage rates. As the situation in Spain deteriorates, there is concern that we could see the same issue arise in France […]

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Mortgage Outlook for the Week of April 9, 2012

Last week saw the the Bureau of Labor Statistics release the Non-Farm Payrolls report (otherwise known as the “jobs report”) with numbers that significantly disappointed the market. This helped exert downward pressure on mortgage rates, enabling them to make up much of the lost ground of the previous week. Additionally, more European solvency doubts crept into the […]

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FED Update: FOMC / FED Minutes Explained

Yesterday the Federal Open Market Committee, otherwise known as the FOMC or FED released its minutes for the March 13, 2012 FOMC meeting. These minutes outline the meeting and are typically released 3 weeks post meeting. During FOMC meetings, member discuss the state of the economy based on their most recent available data and vote on […]

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FHA Mortgage Insurance Deadline Update: Premiums Increase on April 9, 2012

For the second time in the last two years, the Federal Housing Administration (FHA), a U.S. financing agency,  will raise the premiums that it charges borrowers on April 9, 2012. This deadline is revised from the previous deadline of April 1, 2012. Beginning on April 9, 2012, the FHA will raise by 0.75 percentage points […]

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Mortgage Outlook for the Week of April 2, 2012

Last week is saw mortgage rates decrease a bit after a rise over the past few weeks. Last week also saw a handful good but not great economic reports come out. That data was a bit of a disappointment to the markets, which helped exert downward pressure on mortgage rates. Economic Data that May Move […]

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Mortgage Wrap for Week Ending March 30, 2012

This week is seeing mortgage rates decrease a bit after a rise over the past few weeks. The overall theme this week is that the economic data that was released was good, but not great, which was a bit of a disappointment to the markets. This means that the lackluster data helped exert downward pressure […]

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Why Getting Pre-Approved is Important While House Hunting

It is easy to get swept up in the excitement of shopping for a new home, especially when it is your first. It is fun to tour open houses and get a feel for what is on the market that might feel like home. That being said, beginning to house hunt before you have gotten […]

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Mortgage Outlook for the Week of March 26, 2012

Mortgage rates moved more last week than has previously been seen in the last few months, ending the week slightly higher. This week has a few economic events as shown in the calendar below which have the potential to move mortgage rates. A handful of FOMC board members will be speaking thoughout the week. While […]

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