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News Affecting Mortgage Interest Rates 08/09/10

9 August 2010

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This week we have five relevant reports that could affect the bond market and therefore, mortgage interest rates. The first is the all important Federal Open Market Committee (FOMC) meeting on Tuesday. This is where traders will scrutinize every word that is published from Bernanke and Company’s press release. Most important will be the wording on the [...]

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News Affecting Mortgage Interest Rates 07/26/10

26 July 2010

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This week brings us 7 economic reports that could affect the mortgage interest rates. Though we will start the week out on Monday with New Home Sales which is expected is be up a bit which shouldn’t affect mortgage interest rates since the report only tracks about 15% of the new home sales. But if it is [...]

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News Affecting Mortgage Interest Rates for 07/19/10

19 July 2010

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This week will be a light week for economic reports. But what can and may move the bond market will be Fed. Chairman Bernanke’s testimony on Wednesday to the Senate Banking Committee and on Thursday to the House Financial Committee. Each word in his opening statement on Wednesday will be closely analyzed to see where he thinks the economy is [...]

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News Affecting Mortgage Interest Rates 07/12/2010

12 July 2010

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     This week will be a busy one with 6 important economic reports being released all towards the end of the week.      So what is in store for us? First off will be the one of two Treasury Auctions on Tuesday when the 10 year Notes will be sold. Retails Sales and the FOMC meeting minutes [...]

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News affecting Mortgage Interest Rates for Week 6/14/10

14 June 2010

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     This week will be full of what the Fed will do next week during their schedule meeting June 22-23.  The main debate as always will be whether they will raise their Fed Fund Rate which is the short term interest rate that banks change each other for use of overnight funds. If they raise the rate too fast, it could cause [...]

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News Affecting Mortgage Interest Rates 06/07/10

7 June 2010

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      What a week we had!       US Job Rate came in at a surprise. Traders expected around 500,000 but got 431,000 with the majority of them being Census Jobs (411,000) which are temporary and will end soon. About the only good news out of this Jobs Report was that average hours worked improved. The Greece and the oil situation [...]

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News Affecting Mortgage Interest Rates Week of 5/24/2010

24 May 2010

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     It was another volatile week for the stock market as stocks lost ground and traders flocked to the bond market for security. Europe was the headline news as traders worry if Greece will be able to turn their overall financial situation around or if they will default on their loans in the future.      Along [...]

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