Housing Starts Are Beginning to Rebound

September 23, 2010

The number of single-family Housing Starts rebounded in August, climbing 4 percent from July’s 14-month low.

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So Far, Mortgage Rates Remain Unchanged After FOMC Released Statement

September 21, 2010

Today, in its 7th meeting of the year, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged.

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Expect Another Week of Jumpy Mortgage Rates

September 20, 2010

FOMC Meeting Headlines Busy Week This week, there’s a lot of housing data due for release and the Federal Open Market Committee is meeting. Monday : Homebuilder Confidence Survey Tuesday : Housing Starts, Building Permits, FOMC Meeting Wednesday : FHFA Home Price Index Thursday : Existing Home Sales Friday : New Home Sales That’s one […]

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Uncertain of U.S. Economy, Mortgage Rates Continue their Volatile Ways

September 20, 2010

Mortgage markets were highly volatile, yet relatively unchanged last week in back-and-forth trading on Wall Street.

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Rates Not Likely to Improve This Week Either

September 14, 2010

Good News for Economy is Bad News for Mortgage Rates In addition to the Retail Sales data, there’s key inflation data due both Thursday and Friday, plus, two consumer confidence reports are set for release.  If the overall numbers point to an “improving economy”, mortgage rates will likely rise again this week. Momentum is moving […]

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Is the Refi Boom Over?

September 13, 2010

A shift in Wall Street sentiment caused mortgage markets to worsen last week. Fears of a double-dip recession are easing.

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Rates Could Go Either Way This Week, Despite a Lack of New Data

September 7, 2010

Rate Shoppers Find Themselves in an Unforgiving Zone Meanwhile, this week, with little data due for release, mortgage rates should remain unpredictable, moving as a result of momentum and outside influence. It makes for extremely dangerous times for rate shoppers.  Mortgage rates may fall, but, then again, they might rise, too.  It’s somewhat of a […]

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Rates Continued their Roller Coaster Ride Last Week

September 7, 2010

Mortgage rates worsened 3 days in a row last week for the first time since late-April.

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Mortgage Rates Will Be Volatile Heading Into Labor Day Weekend

August 31, 2010

Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it.

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When Rates Rise, They Rise Fast

August 30, 2010

No “Two Week Notice” for Mortgage Rates Let’s face it, there’s a lot for markets to digest this week including key inflation figures from the government; home value data from Case-Shiller; Fed Minutes from the Federal Reserve; and, the always-important jobs report due Friday. Since April, mortgage rates have been on a downward trajectory and […]

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