More Good News for the Economy Led to Higher Rates Last Week

February 7, 2011

Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.

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Wondering how to sell your home more quickly? (Video!)

February 2, 2011

Home sellers that want to sell quickly should take a listen to this 3-minute interview from NBC’s The Today Show. It’s loaded with practical advice.

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Housing Market Continues to Show Signs of Recovery

February 1, 2011

Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORS®

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Egypt Conflict and Jobs Report are in the Spotlight This Week

January 31, 2011

Here’s What You Should Focus On The first is related to Egypt. In addition to buying mortgage-backed bonds, investors are gambling that oil prices will rise, too. Egypt is the world’s 21st largest oil producer and a disruption of its supply could send gas prices soaring. This would be inflationary and (as you may or […]

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Fragile Global Economy Led to Lower Mortgage Rates Last Week

January 31, 2011

Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall.

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When the Federal Reserve is Talking, the Street is Listening

January 24, 2011

Federal Reserve Meeting and Announcement This Week The biggest story of the week is without a doubt the Federal Open Market Committee’s 2-day meeting. Scheduled for Tuesday and Wednesday, the FOMC’s meeting is the first of its 8 scheduled meetings this year.  Some people get excited about the NFL playoffs.  I’m a mortgage guy that […]

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More Good News for the Economy Led to Higher Mortgage Rates Again Last Week

January 24, 2011

Mortgage markets worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased.

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Home Builders are Gaining Confidence in 2011

January 19, 2011

Homebuilder confidence held firm for the second straight month this month, according to the National Association of Home Builders.

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The Future of Mortgage Rates Will Depend on This Week’s Housing Data

January 18, 2011

Lots of Housing Data Set to Release Tuesday : National Association of Homebuilders Housing Market Index Wednesday : Building Permits, Housing Starts Thursday : Existing Home Sales Housing is considered (I agree) key to the country’s economic recovery, so strength in this week’s housing should lead stock markets higher on better expectation for the economy […]

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Mortgage Rates Resumed Their Upward Climb Last Week

January 18, 2011

Mortgage markets worsened last week on a turn-around in sentiment across the Eurozone. The sort of “safe haven” buying that had buoyed mortgage bonds since the New Year dissipated, and mortgage rates resumed climbing.

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