WealthWithMortgage.com

Expect the Unexpected

June 6, 2011

Rates Have a Lot More Room to Rise Than Fall, Unfortunately This week, there is very little new data on which for mortgage bonds to trade. Therefore, expect the stories from recent weeks to continue to dominate headlines. If Greece’s austerity and/or bailout plan is met with investor optimism, mortgage rates should rise. If the […]

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A Weak U.S. Jobs Report Gave a Boost to Mortgage Markets Last Week

June 6, 2011

Mortgage markets improved last week, carried by the same stories that have led markets better since April. Worries of a Eurozone sovereign debt default mounted, and the U.S. economy’s revival showed itself to be slower than originally anticipated.

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Mortgage Rates Look Poised to Drop this Week

May 31, 2011

Markets Can Take a Turn for the Worse in a Hurry Though This week, the biggest news is May’s Non-Farm Payrolls report. Although, expect for rates to carve out wide ranges from day-to-day. Until the Greece scenario reaches a resolution, Wall Street will be on edge. Tuesday : Consumer Confidence, Case-Shiller Index Wednesday : ADP […]

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Europe Played a Key Role in Lower Rates Last Week

May 31, 2011

Mortgage markets improved last week ahead of Memorial Day and a 3-day weekend. Bond pricing ending the week higher, pushing conforming mortgage rates down for the 5th week out of six.

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Rates Likely to Head Up Along with Gas Prices This Week

May 25, 2011

It’s a Good Time to Lock in Your Rate After falling for 4 straight weeks, Urbandale mortgage rates appear to have troughed. This week they could rise, and there’s no shortage of data on which for bonds for trade. Tuesday : New Home Sales; Speeches from Fed’s Plosser and Bullard Wednesday : Durable Goods; FHFA […]

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New Home Sales Increase for the 2nd Straight Month

May 25, 2011

Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month.

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Memorial Day Messes With Mortgage Rates

May 24, 2011

Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult.

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Mortgage Rates Ended Up Unchanged Overall Last Week

May 23, 2011

Mortgage markets were unchanged last week, despite improving on four of five days. Economic data was worse-than-expected almost across the board, but neither FHA nor conforming mortgage rates budged.

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Volatile Week Ahead for Mortgage Rates

May 16, 2011

Jobless Claims Report on Thursday Could be Key Release of the Week This week, mortgage rates figure to be equally volatile. There’s a large set of market-changing data planned for release, and several Fed members have planned public appearances, including a 9:00 AM ET, Monday morning kickoff from Fed Chairman Bernanke. Monday : Bernanke speech; […]

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