Rates Improved Last Week Despite News That Should Have Had an Opposite Impact

February 22, 2011

For just the second time in 2011, conforming mortgage rates fell on a week-to-week basis.

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Rate Shoppers May Not Fair as Well This Week

February 21, 2011

A Lot of Economic Data Set to Release, Rates Should Continue to Trend Higher Last week, rates fell because safe haven buying was so strong (see the previous post!). That may not be the case this week. As events play out across the globe, mortgage rates at home in Iowa will be impacted. There’s a […]

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Headlines Can be Very Misleading

February 17, 2011

Annualized Single-Family Housing Starts dropped 1 percent in January to 413,000 units nationwide, it’s lowest reading almost 2 years. The headlines would have you believe otherwise.

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Builder Confidence Continues to Rise

February 16, 2011

Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.

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As Long as Retail Sales Continue to Rebound, Rates Will Continue to Worsen

February 15, 2011

If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Retail Sales is higher for 7 straight months and is now at an all-time high.

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This Week’s Data Releases Should Continue to Push Rates Higher

February 14, 2011

The Time to Lock is Now This assuming your timing is good!  If you are building a home and you’re a ways out from closing, it’s still probably worth holding off. This week is loaded of housing data and housing has been trending better. More strong figures will bolster stock markets at the expense of […]

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Another Big Hit to Mortgage Markets Last Week

February 14, 2011

According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher.

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Top 10 Foreclosure States are Showing a Decrease in Filings for 3rd Straight Month

February 10, 2011

Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.

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Mortgage Rates Have Gone Up in 7 Straight Days

February 9, 2011

Mortgage rates are rising. Homeowners have lost 10% of their purchasing power since November.

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Mortgage Rates Likely to Continue Upwards Swing This Week

February 8, 2011

Bernanke to Speak About Economy & More on Wednesday Mortgage rates are at their highest levels of the year and, this week, they may continue ticking higher. There isn’t much data set for release this week so markets will take their cues from two major events — one economic and one political. The major economic […]

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