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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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Week of 12/14/09 MMG Week in Review

14 December 2009

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     If last week was a slow economic reporting week, this upcoming week will be one full of all sorts of economic releases.      Let’s do a quick re-cap of last week. The Treasury auction didn’t do well. There was too much supply of not only Treasury notes but Mortgage-Backed Securities being auctioned off. And [...]

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Treasury, Retail Sales, Jobs, Consumer Sentiment, & FOMC Meeting

12 December 2009

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       For a slow economic reporting week, this past week saw mortgage interest rates, though still low, start a slow upward climb. What is causing this to happen?       First was the Treasury auctions of 3-year, 10-year and then the 30-year notes. The longer term notes/bonds were not well received. The Treasury has been auctioning billions of [...]

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Week of 12/07/09 MMG Week in Review

7 December 2009

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       Last week was the week of three jobs reports. And as I reported in my last post, the Labor Department reported that only 11,000 jobs were lost in November. Look at the chart in MMG Weekly and you will see it was the least amount of jobs  lost since December 2007.       Added to this, [...]

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Week of 11/16/09 MMG Week in Review

16 November 2009

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      Just when you think the bond market and, consequently, mortgage interest rates would have a quiet week, it wasn’t meant to be. Though there were few economic reports released, by the time we got to the auctioning of the longer term bonds, the market got nervous. The bond market did some bouncing up and down. This resulted [...]

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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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