Understatement : Freddie Mac Says Mortgage Rates Rose Last Week

December 3, 2010

Mortgage rates are moving quicker than the news can accurately report them. This week’s Freddie Mac mortgage rate survey is an excellent example.

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Mortgage Rates Rapidly Rising On Jobs Data; More Risk Ahead For Friday

December 2, 2010

Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again.

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September’s Case-Shiller Index Reflects A Slowing Housing Market

December 1, 2010

Standard & Poors released the September Case-Shiller Index Tuesday. The Case-Shiller Index is a home-value tracker. The report shows home prices down 0.7% from August and values fading, in general.

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New Home Sales Slip In October

November 30, 2010

After posting a strong September, the number of newly-built homes sold nationwide slipped in October.

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What’s Ahead For Mortgage Rates This Week : November 29, 2010

November 29, 2010

In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing week.

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Fed Minutes Help Push Mortgage Rates To 4-Month High

November 26, 2010

Bond markets have not taken kindly to the Fed Minutes. The minutes show a propensity toward Fed “action”, most of which markets believe to be inflationary. Inflation leads to higher mortgage rates and that’s exactly what we’ve seen.

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October Existing Home Sales : Buyers And Sellers In Balance

November 24, 2010

It’s encouraging that first-time and investment property buyers were both outnumbered by “move-up” buyers in October; buyers that have sold their respective homes in favor of larger ones.

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Applying For A Mortgage Soon? Don’t Open New Credit Cards On Black Friday.

November 23, 2010

Shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge.

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What’s Ahead For Mortgage Rates This Week : November 22, 2010

November 22, 2010

The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago.

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Mortgage Rates Still Rising. Is This The End Of The Refi Boom?

November 19, 2010

With the sudden rise in mortgage rates, we have to question whether the Refi Boom is ending.

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