Slow Growth, Low Rates
Weaker than expected economic data and continued low inflation helped mortgage rates move a little lower from last week. In recent weeks, investors have modified their consensus outlook to reflect weaker economic growth during the second half of the year. The manufacturing and retail sales data released during the week reinforced...
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Interest Rates
News & Articles related to First Mortgage Interest Rates provided by CU Mortgage Division a Direct Lender Serving Washington. We are located in Lacey Washington inside of O Bee Credit Union’s Lacey Branch.
Mortgage Market News for the week ending July 16, 2010
The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode
At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed's words are doing wonders for mortgage rates.
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Mandatory Loan Fees Keep Borrowers From Getting Their Absolute Lowest Rate
Conforming mortgage rates may be posting all-time lows this week, but that doesn't mean you'll be eligible for them. You may have already called your loan officer and found this out the hard way. It's because of a federally-mandated mortgage-pricing scheme known as "loan-level pricing adjustments".
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Today’s Rate Lock Recommendation – 07/13/2010
Tuesday’s bond market has opened in negative territory following early stock strength. The stock markets are reacting favorably to last night’s strong earning reports from Alcoa and CSX with the Dow up 154 points and the Nasdaq up 35 points. The bond market is currently down 8/32, which will like push this morning’s mortgage...
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What’s Ahead For Mortgage Rates This Week : July 11, 2010
Mortgage rates have fallen in 4 consecutive weeks and are on an extended rally that dates back to mid-April. This week, however, data returns and rates could reverse. Especially with inflation numbers are in play.
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What’s Ahead For Mortgage Rates This Week : July 6, 2010
Last week -- again -- mortgage rates improved and Freddie Mac is now reporting new all-time lows on three popular, conforming loan products. Here's what's in store for *this* week.
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The 1 Force That Can Really Change A Mortgage Rate
Mortgage rates move in response to hundreds of factors. Among the biggest influences on mortgage rates? Inflation.
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What’s Ahead For Mortgage Rates This Week : June 28, 2010
Conforming and FHA mortgage rates fell last week, extending a rate rally that dates to early-April. Mortgage rates have fallen to several, new, all-time lows during this period and last week was no different.
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A Simple Explanation Of The Federal Reserve Statement
Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.
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May 2010 Existing Home Sales Is Better Than The Headline Data Suggests
The press is calling the May 2010 drop in Existing Home Sales "unexpected" and disappointing, but a deeper look at the data shows the news isn't as bad as it first appears.
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