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Tag Archive | "Mortgage Rates"

Post FOMC Meeting Mortgage Rate Update

When the FOMC (Federal Open Market Committee) convened their fifth of eight annual meetings on Wednesday, they voted to leave the Fed Funds Rate unchanged at  0.000-0.250 percent. The Fed Funds Rate is the rate at which banks lend money to each other overnight. The FOMC also noted that they saw moderate expansion in the economy this […]

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Day of the FED: Mortgage Rate Outlook

Today will mark the end of the two day FOMC (Federal Open Market Committee) or FED meeting that began on Monday and is the fourth or eight annual meetings. Once the meeting has finished, the FOMC will release a press release with its commentary on recent economic data, world events that might affect US markets […]

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Mortgage Rate Outlook for the Week of June 18, 2012

Last week saw mortgage rates improve considerably towards the end of last week, setting and then ending near all time lows, a story we’ve reported over and over again in the past weeks and months. Going into the weekend, the big event of the weekend was the Greek vote that took place on Sunday. Since […]

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Where are Mortgage Rates Now? June 15, 2012 Edition

Today saw mortgage rates move noticeably lower than yesterday and close near all time lows. This comes after a slight rise in rates yesterday that was triggered by continued talk of possible international steps that might be taken in order to stimulate international economies. Generally speaking, good news like this will put upward pressure on […]

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Mortgage Rate Update for June 13, 2012

Yesterday saw mortgage rates uptick slightly and move sideways or marginally higher today. This is little economic data coming out this week with the ability to move mortgage rates, so volatility is to be expected as we mentioned on Monday. Mortgage rates have the ability to move on any new European news coming out, which […]

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Mortgage Rate Update for Week of June 11, 2012

Last week saw mortgage rates rise earlier in the week and then close the week on new historic lows. Today has seen mortgage rates close steady, with a fractional change higher or lower depending on who you talk to. This week could be marked by volatile movement as well as there is little economic data […]

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Mortgage Wrap Up for Week Ending June 8, 2012

The first few days of the week saw mortgage rate rising slightly on rumors of pending stimulus actions by US and European governments. The course has reversed over the past few days as mortgage rates have moved back to their best levels of the week. In fact, Freddie Mac announced yesterday that yet again, mortgage […]

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Mortgage Outlook for the Week of June 4, 2012

Last week saw mortgage rates hit new all time historic lows yet again. Since this has occurred a lot over the past few months, this isn’t anything new, but last week was different because 10 year treasury bonds also made new all time historic lows beating a previous record set in 1946. Mortgage rates were […]

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NEW All Time Historic Mortgage Rate Lows

This morning’s big piece of economic data, the Employment Report for May, was a huge disappointment to market watchers and has caused stocks to sell off and investors to move money into bonds. The net result is that this has caused mortgage rates to plunge to new all time historic lows. Employment Data Rocks Mortgage […]

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Mortgage Outlook for May 30 to June 1, 2012

Mortgage rates started the week relatively unchanged yesterday but have opened up to day sharply lower due to more European economic drama as uncertainty continues for struggling Euro countries, specifically Greece, Italy and Spain. Specifically, there has been reaction regarding the European Commission vote in favor of issuing Eurobonds to support Euro countries, a move that […]

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Mortgage Rates