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Despite historic Greek elections and a highly anticipated Fed meeting, it was a surprisingly quiet week for mortgage rates, since neither event shed much light on investors' primary questions. As a result, mortgage rates ended the week with very little change. Investors hoped that the two big eve...
06/22/2012
Once again, the primary influence on mortgage rates was the uncertainty in Europe. Mixed economic data released this week was roughly neutral. Investors seeking relatively safer assets pushed stocks lower and mortgage rates to record low levels. In Europe, the focus was primarily on Greece this w...
05/18/2012
Weaker than expected Employment data and increased concerns about Europe helped mortgage rates this week, and they ended lower than where they were before the March Employment report. While slower employment growth is painful for the country in nearly every way, this generally bad news is actuall...
04/13/2012
      There was a lot of daily volatility for mortgage rates this week. On Tuesday, the Fed Minutes revealed a lack of enthusiasm for further easing, and this caused mortgage rates to jump. Increased concerns about Europe then helped mortgage rates improve on Wednesday and Thursday. The net resu...
04/05/2012
Additional comments indicating that the Fed is in no rush to tighten policy and renewed concerns about Europe helped mortgage rates improve this week. Mixed economic data and Treasury auction results had little overall impact. After the March 13 Fed statement, mortgage rates swiftly moved higher,...
03/30/2012
It was a volatile week for mortgage rates, reacting to mixed economic data and unexpected comments from Fed Chief Bernanke. The various influences roughly offset each other, though, and mortgage rates ended the week essentially unchanged. Testifying before Congress on Wednesday, Fed Chief Bernank...
03/02/2012
The Greek bailout package was passed on Monday as expected, and there was little reaction in US markets. Mixed US economic data also had little influence. Strong Treasury auctions were the biggest factor for mortgage rates this week, and rates ended the week a little lower. Investors are beginnin...
02/24/2012
Wednesday's Fed announcement was very favorable for mortgage rates. This week's mixed economic data, Treasury auctions, and news from Europe had little influence. As a result, mortgage rates ended the week lower. The forecasts from Fed officials for the fed funds rate contained some major surpris...
01/27/2012
Many investors wanted to avoid risk during the final week of the year, which helped relatively safer assets such as US mortgage-backed securities (MBS). As a result, mortgage rates fell a little to end near the lowest levels of the year. While economic growth was well below average for the first ...
12/29/2011
This week, the effects on mortgage rates from increased optimism about Europe and stronger than expected US economic data were offset by increased expectations for additional Fed purchases of mortgage-backed securities (MBS). As a result, mortgage rates ended the week with little change. Global a...
12/02/2011
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