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News Affecting Mortgage Interest Rates 09/13/2010

13 September 2010

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This week, we have two important economic reports that can move the bond market and therefore mortgage interest rates. These reports will come out on Tuesday and Friday with Retail Sales and CPI being released. Tuesday’s Retail Sales will report whether the consumer is spending or not. Remember, two-thirds of our economy is made up of [...]

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News Affecting Mortgage Interest Rates 08/09/10

9 August 2010

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This week we have five relevant reports that could affect the bond market and therefore, mortgage interest rates. The first is the all important Federal Open Market Committee (FOMC) meeting on Tuesday. This is where traders will scrutinize every word that is published from Bernanke and Company’s press release. Most important will be the wording on the [...]

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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 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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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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