Weekly First Mortgage & Real Estate News provided by CU Mortgage Division a Direct Mortgage Lender located in Lacey Washington.
Mortgage markets had a terrible, holiday-shortened week last week as Wall Street responded to worse-than-expected inflation data and action from the Federal Reserve. Mortgage bonds sold off with force, causing mortgage rates to rise for the second week in a row.
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Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise.
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Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates improved for the 4th consecutive week.
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Tags: Buying a Home, Credit Union Mortgage Loans, CU Mortgage, Flight-To-Quality, Interest Rates, Lacey Mortgage Lender, Lacey Washington Mortgage Lender, mortgage interest rates, Mortgage Rates, Olympia Home Loan Lender, Tumwater Washington Mortgage Lender, William Tuning
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Mortgage Rates Improve, Stocks FallWhile the economic data released this week had little impact, mortgage rates were heavily influenced by two big stories. One was an announcement that China will take steps to slow its economic growth and the other was President Obama’s proposed new restrictions on the activities of financial institutions. Both measures...
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Tags: CU Mortgage, CU Mortgage Division, Interest Rates, Lacey Mortgage Lender, mortgage interest rates, Mortgage Rates, William Tuning
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Mortgage markets showed little conviction last week, carving out just a narrow trading channel. There was very little data on which for markets to move, leaving mortgage rates momentum-bound. Luckily for rate shoppers, mortgage rate momentum was favorable.
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Tags: CU Mortgage Division, Interest Rates, Lacey Mortgage Lender, mortgage interest rates, Mortgage Rates, Olympia Home Loan Lender, PPI, Tumwater Mortgage Lender, William Tuning
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For the second straight week, the economic calendar is bare. Traders, once again, will be forced to rely on "gut" to make their trades.
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Tags: Consumer Confidence, CU Mortgage Division, Interest Rates, Lacey Mortgage Lender, Mortgage Rates, Olympia Home Loan Lender, Retail Sales, Tumwater Mortgage Lender, William Tuning
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Mortgage markets were relatively flat last week during holiday-shortened trading. After starting the week with a Monday surge higher, mortgage rates settled down thorough Tuesday and remained somewhat flat into the early-close for New Year's Eve. However, as compared to the 4-month low posted post-Thanksgiving, conforming mortgage pricing has now worsened by more...
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Tags: CU Mortgage Division, Interest Rates, mortgage interest rates, Mortgage Rates, Non-Farm Payrolls, Olympia Home Loan Lender, Points, Tumwater Mortgage Lender
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