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Retail Sales Report Comes Out Tomorrow, Most Likely with Higher Rates in Tow

April 12, 2011

Wednesday, the Census Bureau will release its March Retail Sales figures and the report is expected to show higher sales receipts for the 9th straight month. A strong reading like that should spell higher mortgage rates nationwide.

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Expect Rates to be on the Rise Again This Week

April 11, 2011

Consider Locking in Your Rate This week, keep a close watch on new inflation-related data set for release. This includes Tuesday’s Retail Sales data, Wednesday’s Producer Price Index, and Thursday’s Consumer Price Index. Each release can potentially move mortgage rates although, if recent trends are an indication, expect for rates to rise. Not necessarily sharply, but […]

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Mortgage Rates Were Up Again Last Week Based on the Fed’s Take on Inflation

April 11, 2011

Mortgage markets worsened last week as energy costs remained high, and jobs data looked strong. The safe haven buying that characterized the March mortgage market has subsided.

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How Does Iowa’s Real Estate Tax Bill Compare?

April 7, 2011

Compiling data from the 2009 American Community Survey, the Tax Foundation, a non-partisan educational organization in Washington D.C., published property taxes paid by owner-occupied households, county-by-county.

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Inflation Risks and Rate Hikes Are on The Horizon According to the Fed

April 6, 2011

The Federal Reserve released its March 15 meeting minutes Tuesday. The notes revealed a Federal Reserve split between optimism and caution for the U.S. economy.

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Which is Better? A Fixed Rate or an Adjustable Rate Mortgage?

April 5, 2011

The interest rate gap between fixed-rate mortgages and adjustable-rate mortgages is growing. It peaked 2 weeks ago, but remains huge at 1.16 percentage points.

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Rate Volatility Should Continue this Week

April 4, 2011

March Marked 6th Straight Month of Job Growth for U.S. Expect the volatility to continue into this week, too. With little economic data due for release, mortgage rates should move simply on momentum. This could be good news for rate shoppers and home buyers throughout Iowa because mortgage rates ended last week on a downswing. It’s […]

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Rates Were Volatile Last Week with Some Lenders Dishing Out 5 Rate Sheets a Day!

April 4, 2011

In a volatile week of trading, mortgage markets closed unchanged last week.

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Keep an Eye Out for the Jobs Report This Week, Rates Could Rise Again

March 28, 2011

Good News for Economy = Bad News for Mortgage Rates Friday’s jobs report is a major story and it will affect mortgage rates in Des Moines and across the country. Jobs are a key component of the nation’s economic recovery, and as the economy has improved, mortgage rates have tended to rise. Last week is […]

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