Fed Adjourns Today, Expect Rates to be on the Move

January 25, 2012

The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year.

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Home Prices Bound to Rise as National Home Inventories Fall

January 24, 2012

According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.

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Rates Remain Low but May be on the Rise This Week

January 23, 2012

window.fbAsyncInit = function() { FB.init({appId: “146407828708320″, status: true, cookie: true, xfbml: true}); }; (function() { var e = document.createElement(“script”); e.async = true; e.src = document.location.protocol + “//connect.facebook.net/en_US/all.js”; document.getElementById(“fb-root”).appendChild(e); }()); Feds 2 Day Meeting Concludes Wednesday Mortgage rates may rise; the week is anchored by a 2-day Federal Open Market Committee meeting. Whenever the FOMC meets, [...]

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Mortgage Rates Rose as U.S. Economy Showed Improvement Last Week

January 23, 2012

The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose from one week to the next.

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Home Buyers Can Find Great Value in Foreclosures

January 18, 2012

Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac.

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Rates Dropped to New Lows Again Last Week

January 17, 2012

According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage rate fell to 3.89% nationwide. This week, the Eurozone will determine whether rates rise or fall.

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Federal Reserve has Positive but Cautious Take on the Economy

January 12, 2012

The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting. December’s Fed Minutes shows Fed members with a positive, cautious, take on the economy.

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Home Affordability Might Take a Hit When Retail Sales Report is Released

January 11, 2012

Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.

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Rates Likely to Increase if a New Stimulus Plan is Approved Later This Month

January 10, 2012

window.fbAsyncInit = function() { FB.init({appId: “146407828708320″, status: true, cookie: true, xfbml: true}); }; (function() { var e = document.createElement(“script”); e.async = true; e.src = document.location.protocol + “//connect.facebook.net/en_US/all.js”; document.getElementById(“fb-root”).appendChild(e); }()); Good News for Retail Sales is Bad News for Mortgage Rates With lit­tle eco­nomic news set for release, mort­gage rates are expected to take their cue [...]

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Heads Up: New Loan Fees Are on the Way

January 10, 2012

Starting soon, nearly all home buyers and refinancing households nationwide will pay higher mortgage loan fees. Congress has made it law.

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