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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 [...]

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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 [...]

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Week of 12/14/09 MMG Week in Review

14 December 2009

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     If last week was a slow economic reporting week, this upcoming week will be one full of all sorts of economic releases.      Let’s do a quick re-cap of last week. The Treasury auction didn’t do well. There was too much supply of not only Treasury notes but Mortgage-Backed Securities being auctioned off. And [...]

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Treasury, Retail Sales, Jobs, Consumer Sentiment, & FOMC Meeting

12 December 2009

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       For a slow economic reporting week, this past week saw mortgage interest rates, though still low, start a slow upward climb. What is causing this to happen?       First was the Treasury auctions of 3-year, 10-year and then the 30-year notes. The longer term notes/bonds were not well received. The Treasury has been auctioning billions of [...]

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Week of 12/07/09 MMG Week in Review

7 December 2009

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       Last week was the week of three jobs reports. And as I reported in my last post, the Labor Department reported that only 11,000 jobs were lost in November. Look at the chart in MMG Weekly and you will see it was the least amount of jobs  lost since December 2007.       Added to this, [...]

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Week of 11/30/09 MMG Week in Review

30 November 2009

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      Last week was a short week with the bond market closed for Thanksgiving as well as shorten days on both Wednesday and Friday. With the shorten week, the market was busy with the various economic reports being released as well as 3 Treasury auctions and the Federal Open Market Committee releasing their last meeting’s [...]

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