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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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News affecting Mortgage Interest Rates 3/22/10

22 March 2010

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     Mortgage interest rates last week stayed basically in a tight range. But this week may not bring the same.      The Flitch and Mood Ratings feel that our government is moving closer to losing our AAA rating. What this means is it will cost us higher interest payments on our Federal debt. And as our goverment continues to expand, [...]

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News affecting Mortgage Interest Rates for week of 03/15/10

15 March 2010

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     Mortgage interest rates had a fairly bumpy week even though we weren’t too many economic reports released. But economist  as well as some Fed members voiced their concern over the not here yet inflation last week. Will the Fed have the will to raise short term interest rates to subdue inflation due to our raising debt [...]

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Week of 3/01/2010 MMG Week in Review

1 March 2010

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     This past week was one of President Obama speaking about Health Care and Bernanke, and Geithner reporting to Congress about the economy and banking reform.       The GDP reading was as exepcted but looking at the numbers especially consumer spending was which worse than 3rd Quarter 2009 when we had Cash for Clunkers.      Also Existing Housing Sales [...]

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Week of 02/15/10 MMG Week in Review

16 February 2010

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      Last week was one that the traders weren’t sure what to do. The problem with Greece made the traders nervous as they waiting to hear what the Euro Zone or really Germany will do to help them out. The Fed auction didn’t do as well. And the weather shut down most of the government [...]

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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 02/01/10 MMG Week in Review

1 February 2010

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     Last week was a busy week of news events. We had President Obama’s first State of the Union speech, FOMC’s first meeting of the year, and the confirmation of Ben Bernanke for his second term as Chairman of the Federal Reserve.      Besides those important events, we had the Treasury auction to the turn [...]

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