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This past week saw a mixed bag of economic news that had mortgage rates in a quandary. Positive reports on new and existing home sales along with signs of a slowing in the rate of home price decline signaled a possible recovery in the housing market that put upward pressure on rates. These report...
More good news on the housing front this week as reports on new and existing home sales both beat analysts’ expectations and showed signs of a bottoming despite a monthly decline for March. Possibly the best news this week was Wednesday’s report from the Federal Housing Finance Agency showed ho...
Mortgage rates eased last week settling at the second lowest level on record according to Bankrate.com. A sense of uncertainty seems to have returned to the markets, which tend to send investors running for the safety of bonds, and that is what played out last week and Monday. On Tuesday, however...
Mortgage rates broke their four week fall last week as rates rose slightly with the benchmark thirty-year ending up right at 5.00% after another strong week for the stock market depressed bond prices. But that has since changed this week with bonds recovering most all of last week’s losses sendin...
Mortgage rates have edged up but still remain very attractive with the thirty year fixed still around 5.00%. Another strong week for stocks hurt bond prices driving yields higher and mortgage rates followed. One bright spot this week was a report released by a forecasters at MoodysEconomy.com tha...
Mortgage rates remain at historic lows this week with the benchmark thirty-year fixed hovering between 4.625% and 4.875%. After last week’s upbeat reports on the housing market we are reminded this week that were not entirely out of the woods yet. February foreclosure filings rose to 84,000, up f...