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Mortgage Rates Improve as Jobless Claims Remain Flat

May 18, 2012 0 Comments

by Steve Rhodes The Weekly Jobless Claims report chart above resembles a lake with barely a ripple.  First-time claims for unemployment insurance benefits stayed at the same level as the previous report suggesting that the US jobs picture is locked-in a period of stagnation–no gains, no losses.  With two other relatively negative economic Read more
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Foreclosure

Diversion of Mortgage Settlement Money Continues

May 16, 2012 0 Comments

by Vlastula I discussed this topic a little bit yesterday, but in light of a New York Times article by Shaila Dewan this morning, I think it is worth further delving into the diverting of mortgage settlement funds to make up state budgetary shortfalls.  From the Times: “Hundreds of millions of dollars meant to provide [...] Read more
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Foreclosure

Current Mortgage Rates for Thursday, May 10, 2012

May 14, 2012 0 Comments

by stevendepolo Mortgage rates are up a little bit this morning, moving just above the record low levels set earlier this week.  I do not anticipate that they will continue to rise, and will most likely end the day close to flat.  I suspect this morning’s stock rally may just be traders buying the dip, [...] Read more
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Foreclosure

Current Mortgage Rates for Wednesday, May 2, 2012

May 5, 2012 0 Comments

by Karga Fantasma Mortgage rates rose a little bit yesterday as stocks rallied and Treasuries and mortgage-backed securities sold off on better than expected economic data.  Yesterday’s ISM Manufacturing index showed unexpected strength, rising at the highest pace in nearly a year.  I am not entirely clear as to how ISM became decoupled Read more
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Foreclosure

Manufacturing Grows, Mortgage Rates Inch Higher

May 1, 2012 0 Comments

by Steve Rhodes The Institute for Supply Management’s monthly Manufacturing Index is one of the more closely watched reports of US economic data.  The Index measures the level of manufacturing activity nationwide.  The chart above depicts the results of the survey over the past twelve months and indicates a positive change month to month Read more
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