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News Affecting Mortgage Interest Rates 01/31/2011

31 January 2011

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After a fairly quiet week, this coming week has 4 economic reports that can move mortgage interest rates. The most important report will be on Friday with the Unemployment Report. Analysts are predicting that unemployment will go from 9.4% to 9.6%. That would be good for the bond market therefore good for mortgage interest rates. If [...]

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News Affecting Mortgage Interest Rates 01/24/11

24 January 2011

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On Tuesday this week, the Federal Open Market Committee (FOMC) will be holding their first meeting and will adjourned on Wednesday at 2:15ET. At that time, Bernanke and Company (FOMC) will release their first meeting results which will be scrutinized word for word by the traders. The traders will be looking for to see if  and when the FOMC [...]

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News Affecting Mortgage Interest Rates 09/13/2010

13 September 2010

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This week, we have two important economic reports that can move the bond market and therefore mortgage interest rates. These reports will come out on Tuesday and Friday with Retail Sales and CPI being released. Tuesday’s Retail Sales will report whether the consumer is spending or not. Remember, two-thirds of our economy is made up of [...]

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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 [...]

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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 [...]

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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 [...]

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News Affecting Mortgage Interest Rates for Week of 5/17/2010

17 May 2010

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      Like the song at the Disney’s attraction, it is definitely a “Small World After All”.       The Euro zone is still dealing with Greece’s economic woes and along the way, Spain, Italy and Portugal also are experiencing economic stability. This news had money flowing into the bond market as the European Central Bank unveiled [...]

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