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Week of 10/12/09 MMG Week in Review

12 October 2009

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      Mortgage interest rates have about bottomed out. Though we may see a dip for a day or two, interest rates will start to go up. Bernanke and Company have indicated this after their last meeting in which they have extended their purchasing of mortgage backed securities, they will not up the total dollar amount [...]

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Week of 9/28/09 MMG Week in Review

28 September 2009

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     This past week showed that this recovery will be a bumpy one. Trends from economic reports have some up for a couple of months followed by a down month. Though some economists feel that this is normal, some don’t. This leads to the bond market being bumpy and, in turn,  mortgage interest rates.      [...]

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Week of 9/21/09 MMG Week in Review

21 September 2009

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     Good news continues to drift in for the Housing Industry. Last week’s Housing Starts came in better than expected and this week, August’s Existing Home Sales is expected to show an uptick over July’s numbers. All this adds up to a market that is starting to stabilize which in turn helps the economy.      The $8000.00 Tax Credit [...]

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Week of 9/14/09 MMG Week in Review

14 September 2009

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      This past week the bond market held its own which resulted in lower mortgage interest rates. The market was helped by the healthy Treasury auctions of the 3 year, 10 year, and 30 year along with the Federal government continued program of purchasing mortgage-backed securities.      This coming week, the majority of the economic reports will be on Tuesday through [...]

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Week of 08/24/09 MMG Week in Review

24 August 2009

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     This upcoming week could be a week of good news for the economy and at the same time, bad news for mortgage interest rates. It all depends on what the latest round of economic reports tell us.      This week’s Weekly MMG reports when each release will be out as well as what each will mean to [...]

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Week of 08/17/09 MMG Week in Review

17 August 2009

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     Though last week brought good news to mortgage interest rates due to the lower than expected reports on  inflation, consumer sentiment and retail sales, this coming week could again bring volatility to them. Any good news about our economy recovering from this recession will bring with it higher interest rates. Read why in this week’s MMG. [...]

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Consumer Sentiment

14 August 2009

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      The Bond Market is having a good day on the news that consumer sentiment is down. In fact, it fell to 63.2 from 66.0 in July. This is due mainly to concerns over the jobs and wages not increasing.      Bloomberg.com reports: “If consumers are lacking confidence, then they will not be able to help [...]

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