Foreclosure Rate Drops For The 12th Straight Month

October 18, 2011

Foreclosure activity continues to slow throughout the United States.

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A Fed Divided Reaches a Comprise

October 14, 2011

Wednesday, the Federal Reserve released the minutes from its 2-day September meeting. The release shows a divided Fed in disagreement about the current U.S. monetary policy.

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Retail Sales Expected To Rise; Mortgage Rates Should Follow Suit

October 13, 2011

The American Consumer is alive and well, it seems. Retail Sales are up 14 months in a row.

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Friday’s Retail Sales Will Determine Rate Movement This Week

October 11, 2011

Rates May Continue to Climb There is talk within the Eurozone that Germany and France will come to Greece’s aid, and that a plan will be solidified prior to November 3. This would boost stock markets at the expense of bonds, leading to higher mortgage rates. In addition, last week’s strong employment data has renewed speculation […]

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Should You Refinance Your Home?

October 11, 2011

With mortgage rates at all-time lows, you may be asking “Is now a good time to refinance?”. This short interview from NBC’s The Today Show offers good insight.

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Mortgage Rates Rose Again Last Week

October 11, 2011

Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction.

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Freddie Mac Reports Mortgage Rates Drop to Sub-4 Percent Range

October 7, 2011

For the first time in more than 40 years, data from Freddie Mac’s weekly Primary Mortgage Market Survey shows the average 30-year fixed rate mortgage falling below 4 percent, dropping to 3.94 percent nationwide. It’s the lowest average 30-year fixed reading in the survey’s history.

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Home Values Are on the Rise

October 5, 2011

The government is confirming what the private sector has already shown — home values are on the rise.

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Rates May Continue Their Climb This Week

October 3, 2011

Friday’s Jobs Report Will Determine Rate Movement in Either Direction First, European leaders are expected to finalize the details of a Greek aid package, a move that would reverse the “safe haven” bid which has played a large role in keeping U.S. mortgage rates lows. Second, the jobs report is due. Economists are expecting 65,000 […]

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Consumer Spending Still Rising Despite Falling Household Income

October 3, 2011

Mortgage markets deteriorated last week as optimism for a Greek rescue package increased, and as U.S. consumers showed that, despite falling income levels, spending will not be slowed.

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