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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 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 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 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 their [...]

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News Affecting Mortgage Interest Rates for the week of 3/29/10

29 March 2010

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     Last week was one of ups and downs for mortgage interest rates. The Treasury auction didn’t fare well this past week. And as the Fed winds towards the finish line of buying mortgage backed-securities (this Wednesday, March 31, 2010), we may be seeing higher interest rates if other investors don’t step in.        Looking down the [...]

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Week of 1/25/10 MMG Week in Review

25 January 2010

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      Mortgage interest rates had the best rates of this year so far. A lot of movement came from investors who fled the stock market into the bond markets when President Obama announced his proposed tax against the banks. The census is the investors don’t like it as well as they don’t feel that President Obama understands and/or can fix the [...]

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Week of 01/11/10 MMG Week in Review

11 January 2010

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     The big news of last week was the Jobs Report. The adjusted November numbers showed that the market gained jobs while December’s unadjusted numbers showed we again lost numbers to the tune of 85,000, more than expected. This leaves the Unemployment Rate at 10.0%.      I urge you to read more about these numbers and [...]

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