Currently viewing the tag: "Greece"

Mortgage rates deteriorated last week after concerns over the mess that is Europe lessened…for now.

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Mortgage markets gained last week. Demand for mortgage-backed bonds outweighed supply and conforming and FHA mortgage rates edged lower.

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Mortgage rates moved higher again last week in a volatile, holiday-shortened trading week. Although the Freddie Mac report said that rates dipped 0.2% from the week prior, their data misses the activity from Thursday and overweights the rates from Monday and Tuesday.

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Last week was another holiday-shortened week marked by volatility. Mortgage rates improved on three of the four trading days, but still lost overall on the week as Wednesday posted a staggering 93 basis point loss, one of the 10 worst days of the year.

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Mortgage rates dropped to their lowest levels of the year last week. The debt problems in Greece continued to bubble all week. With each blip of bad news, more money came into US markets as investors sought safety.

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Shopping for mortgage rates takes more than good research skills. It takes a little bit of luck, too.

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Mortgage markets improved to their best levels of 2010 last week, aided by events half a world away and ongoing safe haven buying. Greece’s debt problems continue to help mortgage rate shoppers around the country.

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We cheated.  Admittedly.  After years of weekly on Mondays, our track record is pretty good.  This week we were blindsided and it delayed this week’s predictions.

Last week saw higher rates on FHA, conventional, and adjustable rates–everything ticked higher.  Volcanic ash cleared [...]

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Against all odds and common sense, improved last week.

The Fed turned off the $1.25T faucet and all expectations were for rates to surge higher.  Instead, the geopolitical nightmare that is and the Continue Reading