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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 for Week 6/14/10

14 June 2010

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     This week will be full of what the Fed will do next week during their schedule meeting June 22-23.  The main debate as always will be whether they will raise their Fed Fund Rate which is the short term interest rate that banks change each other for use of overnight funds. If they raise the rate too fast, it could cause [...]

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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 Week of 5/24/2010

24 May 2010

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     It was another volatile week for the stock market as stocks lost ground and traders flocked to the bond market for security. Europe was the headline news as traders worry if Greece will be able to turn their overall financial situation around or if they will default on their loans in the future.      [...]

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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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News Affecting Mortgage Interest Rates 04/19/10

19 April 2010

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      Mortgage interest rates will continue to bounce up and down as traders are trying to figure out which way the market will go since most of the different Federal Government’s stimulus monies have ended or will be coming to an end.        This Thursday marks the 40th anniversary of Earth Day. And in this MMG Weekly Review is [...]

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News Affecting Mortgage Interest Rates for the Week of 4/05/2010

5 April 2010

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     This past week we saw mortgage interest rates move higher as the Fed’s program to purchase $1.25 Trillion of Mortgage Backed-Securities came to an end on Wednesday, March 30, 2010. Though interest rates did go higher, mortgage interest rates are still at historical lows.      And dont’ forget that ending this month is the 1st Time HomeBuyer [...]

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