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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 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 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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Week of 1/25/10 MMG Week in Review

25 January 2010

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      Mortgage interest rates had the best rates of this year so far. A lot of movement came from investors who fled the stock market into the bond markets when President Obama announced his proposed tax against the banks. The census is the investors don’t like it as well as they don’t feel that President Obama understands and/or can fix the [...]

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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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