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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 for 07/19/10

19 July 2010

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This week will be a light week for economic reports. But what can and may move the bond market will be Fed. Chairman Bernanke’s testimony on Wednesday to the Senate Banking Committee and on Thursday to the House Financial Committee. Each word in his opening statement on Wednesday will be closely analyzed to see where he thinks the economy is [...]

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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 minutes [...]

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News Affecting Mortgage Interest Rates for Week of 06/21/2010

21 June 2010

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     The top news for this week will be what the Feds have to say when their meeting minutes are published. Bernanke and Company start their two day meeting this Tuesday. At the end, they will released their meeting minutes in which investors and traders will dissect each word and phrase that they hope will [...]

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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 Tax [...]

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Mortgage Interest Rates and FOMC statement

16 March 2010

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      Today’s FOMC statement’s language was basically the same as their January statement. The Federal Fund Rate will stay at this present level to help the economy continue to come out of this recession. The big difference in the language was with the housing industry and mortgage interest rates.      The housing industry has been slow to recovery in this [...]

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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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