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Week of 02/08/10 MMG Week in Review

8 February 2010

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     What a week is it was. After a start of a lower bond market which translated in to slightly higher mortgage interest rates, the market flipped and we got lower mortgage interest rates.      This was caused by a not so good Initial Jobless Claims, ADP inside numbers being not so good, and parts of [...]

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Week of 1/18/10 MMG Week in Review

19 January 2010

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     Last week, the Fed had one of their largest purchases of Mortgage Backed Securities (MBS) compared to other recent weeks. Out of the $1.25 Trillion they were given to purchase MBS, they now only have $113 Billion left. As this winds down, mortgage interest rates will most likely start climbing back to normal levels. [...]

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Mortgage Rate Watch Video 01/14/10

14 January 2010

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      In this today’s news, we had Retail Sales and Initial Jobless Claims. Both of these reports should have been good for the the bond market, other news is affecting Mortgage Interest Rates today. Today’s Rate Watch Video tells you why.

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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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Mortgage Rate Watch Video 01/07/10

7 January 2010

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    Check out what to expect from the bond market and mortgage interest rates in today’s Mortgage Rate Watch.

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Week of 12/28/09 MMG Week in Review

28 December 2009

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One short week down and another to go! The week of Christmas proved to be one where mortgage interest rates went up. Initial Jobless Claim went down further as did Continuing Jobless Claims. Good news for the economy and bad news for mortgage interest rates. But apparently, there is some tricky accounting being done in [...]

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Week of 12/21/09 MMG Week in Review

27 December 2009

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     What a busy week we had in economic reports and the FOMC Policy Statement! But it was the FOMC Policy Statement that we must take a closer look at. The Fed has stated that it will not extend their purchasing of Mortgage Backed Securities. This is important to note as as the Fed winds [...]

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