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Mortgage Rates Stay Put on Abstract Data

May 7, 2012 0 Comments

by flamingbear Wow, the economic data in the US is so confusing it would make calculus seem clear to a kindergartener! Every day it seems we get data that conflicts with other data, painting a picture that can only be described as—abstract.  I do not mean abstract art…simply abstract.  Today’s confusion lies in weekly jobless [...] Read more
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Obama

Current Mortgage Rates for Thursday, April 19, 2012

April 22, 2012 0 Comments

by charlesfettinger Mortgage rates have improved a little bit through the last two weeks, but have essentially been stuck in a range since March’s employment figures were released on April 6.  It seems that no piece of news has been significant enough to push mortgage backed securities out of this trading range, and I don’t [...] Read more
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Freddie Mac Sees Rates Nearly Match Record Lows

April 13, 2012 0 Comments

by Barack Obama This morning’s Primary Mortgage Market Survey from Freddie Mac saw current mortgage rates dip for the third straight week.  The 30-year fixed rate mortgage fell to 3.88%, just shy of its all time low of 3.87%.  The 15-year fixed rate mortgage did break its all time low, and is now sitting at 3.11%. [...] Read more
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Obama

Current Mortgage Rates for Tuesday, April 10, 2012

April 11, 2012 0 Comments

by -eko- Mortgage rates improved yesterday, and will likely stay flat or improve somewhat today.  Yesterday’s improvement was mostly a reaction to the previous Friday’s sub-par jobs report (the markets were closed last Friday, so the reaction was delayed by a day.  There aren’t any very significant economic reports due out Read more
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Mortgage Rates Pause Upswing

March 21, 2012 0 Comments

by slack13 Last week was not a good week for mortgage rates.  Following a statement from the Federal Reserve that was more upbeat than many observers had expected, stocks rallied and bonds (including Mortgage-Backed Securities) sold off.  The result was a meaningful increase in current mortgage rates with best execution rates now at our above Read more
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